| Number borrowers | 275 |
| Loan Amount (range) | GHS 200 - 1,500 |
| Loan Term (range) | 3 - 8 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training, Other Training |
| Annual Interest & Method | 60.00%-84.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 30.00% upfront |
| Range of pricing | |
| Interest Price Component | 84.9% - 110.4% |
| Fee Component | 11.3% - 31.6% |
| Insurance Component | 0 - 6.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 166.9% - 235.4% |
| Transparency Index (min/max) | 25 - 36 |
| Transparency Index (average) | 28 |
| 360,271 |
| INR 5,000 - 30,000 |
| 6 - 24 |
| Group Mtgs, Credit Ins |
| 26.0% annual, Decl Bal |
| 0.89% upfront |
| 60.00-224.00 upfront |
| 12.36% fees |
| N/A |
| 25.2% - 26.0% |
| 1.4% - 1.9% |
| 1.3% - 2.8% |
| 0.2% - 0.3% |
| 28.7% - 30.9% |
| 84 - 91 |
| 88 |
| 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 |
| Outstanding portfolio (INR) | INR 3,017,141,968 |
| Portfolio (USD) | USD 56,927,206.94 |
| Active Clients with Loans | 360,271 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Tamil Nadu, Puducherry |
| 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 |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 30,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 50% |
| INR 15,000-25,000 | 40% |
| INR 25,000-35,000 | 10% |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 80% |
| Longer than 18 months | 15% |
| Grace period usage | 100% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| 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 |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 26.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0.89% |
| % of loan amount - max | 0.89% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | GTLI |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 60 |
| Fixed amount - max | 224 |
| Reason for variation | Rs. 60 for 1 year credit and Rs. 224 for 2 year product |
| Appears on Repayment Sched? | 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? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 25,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-03-28 | 2013-03-01 | 2013-03-01 | 2013-03-01 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.2 months | 0.2 months | 0.1 months | |||
| Total Cost of Credit | INR 746 | INR 1,426.99 | INR 4,065.98 | INR 4,873.98 | |||
| True Price by Comp | |||||||
| Interest price component | 26.0% | 25.2% | 25.4% | 25.6% | |||
| Fee Component | 1.9% | 1.9% | 1.4% | 1.5% | |||
| Insurance Component | 2.8% | 1.3% | 1.8% | 1.5% | |||
| Tax Component | 0.2% | 0.3% | 0.2% | 0.2% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.9% | 28.7% | 28.8% | 28.8% | |||
| MFIN MFI Earning (Annualised) | 27.9% | 27.1% | 26.8% | 27.1% | |||
| MFIN Cost to Borrower (Annualised) | 30.9% | 28.7% | 28.8% | 28.8% | |||
| Transparency Index | 84 | 91 | 90 | 90 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| 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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