| Outstanding portfolio (GHS) | GHS 55,000 |
| Portfolio (USD) | USD 27,918.78 |
| Active Clients with Loans | 275 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| 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 | x |
| Other | Must contribute daily savings prior to receiving loan. Must have guarantor. |
| Other (2) | Must have been working for the past 2-3 years |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Northern Region |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 1,500 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 8.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 80% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| 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 | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 7.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Commitment Fee | |
| % of loan amount - min | 3.00% | 2.00% | |
| % of loan amount - max | 3.00% | 2.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 30.00% |
| 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 | 2.00% |
| Maximum interest rate paid | 8.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 200 | GHS 1,000 | GHS 1,500 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-10-24 | 2013-01-07 | 2012-11-23 | ||
| Loan Term (Months) | 3.1 months | 7.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 1.0 month | 0.0 months | ||
| Total Cost of Credit | GHS 48.10 | GHS 420.20 | GHS 630 | ||
| True Price by Comp | |||||
| Interest price component | 100.3% | 84.9% | 110.4% | ||
| Fee Component | 31.6% | 14.6% | 19.3% | ||
| Insurance Component | 6.6% | 3.1% | 4.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 96.9% | 64.3% | 96.6% | ||
| Full APR (int fee ins tax dep) | 235.4% | 166.9% | 230.3% | ||
| Transparency Index | 25 | 36 | 26 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.sembrarsartawi.org |
| Year established | 1990 |
| Head of Institution | Marcelo Mallea Castillo |
| Regions active | Chuquisaca , Cochabamba , La Paz , Oruro , PotosÃ, Santa Cruz, Tarija |
| # Branches | 21 |
| Total Portfolio (nat'l) | BOB 181,189,915 |
| Total Portfolio (USD) | USD 26,842,950.37 |
| Active clients with loans | 14,630 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | FINRURAL |
| Funders | Banco de Desarrollo de Holanda |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital de Inversión | BOB 1,400 - 350,000 | 3 - 36 | 0% - 20% | 20% - 40% | Business | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
| Capital de Inversión (USD) | USD 200 - 50,000 | 3 - 36 | 0% - 20% | 20% - 40% | Business | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
| Capital de Operaciones | BOB 350 - 350,000 | 3 - 60 | 20% - 40% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
| Capital de Operaciones (USD) | USD 50 - 50,000 | 3 - 60 | 20% - 40% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
| Capital Operaciones - Grupo Solidario | BOB 350 - 350,000 | 3 - 60 | 20% - 40% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
| Libre Disponibilidad | BOB 350 - 21,000 | 6 - 80 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Educ | |||||||
| Banca Comunal | BOB 700 - 11,000 | 3 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital de Inversión | 15.0%-28.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 22.9% - 31.6% | 23.9% - 33% | 52 | ||||||||
| Capital de Inversión (USD) | 20.0%-28.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 23.4% - 29.4% | 24.4% - 30.3% | 72 | ||||||||
| Capital de Operaciones | 15.0%-28.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 18.3% - 31% | 19.2% - 32.5% | 59 | ||||||||
| Capital de Operaciones (USD) | 15.0%-28.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 17.3% - 28.9% | 19% - 29.9% | 60 | ||||||||
| Capital Operaciones - Grupo Solidario | 27.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 31.9% - 35.4% | 33.6% - 37% | 76 | ||||||||
| Libre Disponibilidad | 13.0%-28.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 17.9% - 25.2% | 19.5% - 26.8% | 56 | ||||||||
| Banca Comunal | 30.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.0%-20.0% upfront 10.00%-20.00% ongoing | 33% - 37.5% | 50% - 69.9% | 48 |
| 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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