| Number borrowers | 421 |
| Loan Amount (range) | GHS 1,500 - 50,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Business Training, Other Training |
| Annual Interest & Method | 36.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0%-25.0% upfront |
| Range of pricing | |
| Interest Price Component | 31.3% - 66.8% |
| Fee Component | 1.5% - 10.9% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 104.9% - 125.8% |
| Transparency Index (min/max) | 27 - 76 |
| Transparency Index (average) | 32 |
| 30,716 |
| USD 75 - 50,000 |
| 4 - 48 |
| 16.8%-32.4% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 14.5% - 34.8% |
| 0 |
| 0 |
| 0 |
| 21.7% - 32.4% |
| 52 - 100 |
| 64 |
| Outstanding portfolio (GHS) | GHS 1,253,405.21 |
| Portfolio (USD) | USD 636,246.30 |
| Active Clients with Loans | 421 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Outstanding portfolio (USD) | USD 100,526,647 |
| Portfolio (USD) | USD 100,526,647 |
| Active Clients with Loans | 30,716 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 24 |
| # Regions for this product | 24 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
| Currency | GHS |
| Minimum loan size | GHS 1,500 |
| Maximum loan size | 50,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 20% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 15% |
| GHS 10,000-13,000 | 20% |
| Greater than GHS 13,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 75 |
| Maximum loan size | 50,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 0 |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 10% |
| USD 2,000-2,500 | 10% |
| Greater than USD 2,500 | 10% |
| Shortest loan term | 4.0 months |
| Longest loan term | 48.0 months |
| Approx average | 27.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 80% |
| Grace period usage | 10% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commitment Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.40% |
| Highest quoted nominal interest | 2.70% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 1,500 | GHS 6,000 | GHS 8,000 | GHS 10,000 | GHS 15,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-07-04 | 2013-06-25 | 2013-06-18 | 2013-06-10 | 2013-05-10 | ||||
| Loan Term (Months) | 8.0 months | 6.0 months | 12.0 months | 12.0 months | 10.0 months | ||||
| Grace Period (Months) | -0.4 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | GHS 401 | GHS 1,260 | GHS 3,111.96 | GHS 3,896 | GHS 4,950 | ||||
| True Price by Comp | |||||||||
| Interest price component | 64.8% | 57.8% | 59.3% | 59.3% | 59.1% | ||||
| Fee Component | 9.6% | 10.9% | 6.2% | 6.3% | 7.2% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 51.4% | 42.9% | 39.4% | 39.4% | 40.6% | ||||
| Full APR (int fee ins tax dep) | 125.8% | 111.6% | 104.9% | 105.0% | 106.9% | ||||
| Transparency Index | 29 | 32 | 34 | 34 | 34 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 600 | USD 1,800 | USD 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-01-17 | 2012-12-26 | 2013-03-01 | 2012-10-25 | |||
| Loan Term (Months) | 12.0 months | 10.0 months | 18.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | -0.3 months | -0.3 months | 2.9 months | |||
| Total Cost of Credit | USD 52.91 | USD 84.19 | USD 302.22 | USD 750.89 | |||
| True Price by Comp | |||||||
| Interest price component | 32.4% | 32.4% | 21.7% | 21.7% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 32.4% | 32.4% | 21.7% | 21.7% | |||
| Transparency Index | 52 | 52 | 77 | 77 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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