Number borrowers | 2,250 |
Loan Amount (range) | GHS 300 - 800 |
Loan Term (range) | 4 - 5 |
Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training |
Annual Interest & Method | 42.00%-60.00% annual, Flat |
Fees | 2 fees |
Insurance | None |
Tax | None |
Comp Dep | 10.00%-15.00% 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) | 143.7% - 154.4% |
Transparency Index (min/max) | 25 - 36 |
Transparency Index (average) | 28 |
34,589 |
INR 5,000 - 8,000 |
12 |
Credit Educ, Group Mtgs, Business Training |
26.0% annual, Decl Bal |
1.00% upfront |
None |
12.36% fees |
N/A |
21.5% - 27.9% |
1.2% - 2.3% |
0 |
0.1% - 0.3% |
29.6% - 30.5% |
85 - 94 |
86 |
Outstanding portfolio (GHS) | GHS 565,000 |
Portfolio (USD) | USD 286,802.03 |
Active Clients with Loans | 2,250 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Northern Region |
Outstanding portfolio (INR) | INR 108,592,261.50 |
Portfolio (USD) | USD 2,048,910.59 |
Active Clients with Loans | 34,589 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu |
Currency | GHS |
Minimum loan size | GHS 300 |
Maximum loan size | GHS 800 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
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 | 4.0 months |
Longest loan term | 5.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
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 | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
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 | 8,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 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 | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
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 |
Lowest quoted nominal interest | 3.50% |
Highest quoted nominal interest | 5.00% |
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 | 2.00% | 1.00% | |
% of loan amount - max | 4.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1st cycle loans are 3.5-4%, multiple-cycle loans are 2%. | N/A | |
Appears on Repayment Sched? | No | 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 | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
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 | 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? | 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 | All |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 500 | GHS 1,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2012-12-10 | 2012-12-10 | 2013-02-05 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 5.1 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | ||
Total Cost of Credit | GHS 67.58 | GHS 112.58 | GHS 300 | ||
True Price by Comp | |||||
Interest price component | 92.9% | 92.9% | 95.5% | ||
Fee Component | 26.6% | 26.5% | 22.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 24.2% | 24.3% | 36.2% | ||
Full APR (int fee ins tax dep) | 143.7% | 143.7% | 154.4% | ||
Transparency Index | 29 | 29 | 27 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 6,000 | INR 7,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-17 | 2013-03-20 | 2013-03-06 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | -0.1 months | -0.2 months | 0.0 months | ||
Total Cost of Credit | INR 706.18 | INR 847.42 | INR 988.65 | ||
True Price by Comp | |||||
Interest price component | 27.4% | 27.9% | 27.0% | ||
Fee Component | 2.3% | 2.3% | 2.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.0% | 30.5% | 29.6% | ||
MFIN MFI Earning (Annualised) | 29.7% | 30.2% | 29.3% | ||
MFIN Cost to Borrower (Annualised) | 30.0% | 30.5% | 29.6% | ||
Transparency Index | 87 | 85 | 88 | ||
MFIN Transparency Index | 95 | 93 | 96 | ||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |