| Number borrowers | 17,746 |
| Loan Amount (range) | GHS 500 - 11,000 |
| Loan Term (range) | 1 - 60 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 28.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 47.4% - 63.0% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 47.4% - 63.0% |
| Transparency Index (min/max) | 19 - 59 |
| Transparency Index (average) | 48 |
| 36,543 |
| INR 5,000 - 50,000 |
| 12 - 60 |
| Group Mtgs, Credit Ins, Business Training |
| 19.2% annual, Decl Bal |
| 2.00%-3.00% upfront |
| 55.00-500.00 upfront |
| None |
| 20.0% upfront 50.00 ongoing |
| N/A |
| 20.2% - 20.6% (Int+Fee) |
| 1.2% - 1.4% |
| 0 |
| 31.0% - 37.2% |
| 52 - 62 |
| 58 |
| Outstanding portfolio (GHS) | GHS 7,673,776 |
| Portfolio (USD) | USD 3,895,317.77 |
| Active Clients with Loans | 17,746 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Workplace visits | |
| Business training | |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 315,140,368 |
| Portfolio (USD) | USD 5,946,044.68 |
| Active Clients with Loans | 36,543 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| 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 | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 500 |
| Maximum loan size | 11,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 60.0 months |
| Approx average | 36.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 60.0 months |
| Approx average | 23.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| 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 | 28.00% |
| Highest quoted nominal interest | 28.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Processing Fee | Commitment Fee | |
| % of loan amount - min | 0 | 5.00% | |
| % of loan amount - max | 0 | 5.00% | |
| OR, Fixed amount - min | 3 | 0 | |
| Fixed amount - max | 3 | 0 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | 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 |
| Lowest quoted nominal interest | 19.20% |
| Highest quoted nominal interest | 19.20% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 55 |
| Fixed amount - max | 500 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | INR 50 - N/A |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 800 | GHS 1,300 | GHS 4,000 | GHS 4,000 | GHS 10,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-06-30 | 2011-05-20 | 2011-05-30 | 2011-05-30 | 2011-04-14 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | 18.0 months | 60.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 63.0% | 62.4% | 58.6% | 58.6% | 47.4% | ||||
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 63.0% | 62.4% | 58.6% | 58.6% | 47.4% | ||||
| Transparency Index | 44 | 45 | 48 | 48 | 59 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 30,000 | INR 40,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 3 | 3 | ||||
| Disbursement Date | 2010-07-17 | 2010-04-15 | 2010-04-15 | 2010-04-15 | 2010-04-15 | ||||
| Loan Term (Months) | 20.0 months | 20.0 months | 20.0 months | 20.0 months | 25.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 20.6% | 20.5% | 20.5% | 20.5% | 20.2% | ||||
| Insurance Component | 1.4% | 1.2% | 1.2% | 1.4% | 1.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 15.3% | 11.5% | 10.1% | 9.7% | 9.5% | ||||
| Full APR (int fee ins tax dep) | 37.2% | 33.2% | 31.7% | 31.6% | 31.0% | ||||
| MFIN MFI Earning (Annualised) | 20.6% | 20.5% | 20.5% | 20.5% | 20.2% | ||||
| MFIN Cost to Borrower (Annualised) | 37.2% | 33.2% | 31.7% | 31.6% | 31.0% | ||||
| Transparency Index | 52 | 58 | 60 | 61 | 62 | ||||
| MFIN Transparency Index | N/A | N/A | N/A | N/A | N/A | ||||
| 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 ∞ | ||||||
