Outstanding portfolio (GHS) | GHS 413,529.71 |
Portfolio (USD) | USD 209,913.56 |
Active Clients with Loans | 2,144 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
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 | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 1,500 |
Loans less than GHS 1,000 | 70% |
GHS 1,000-5,000 | 30% |
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 | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
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 | 2.34% |
Highest quoted nominal interest | 2.34% |
Interest rate period | Monthly |
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 | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
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 | 8.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 800 | GHS 1,600 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-18 | 2013-03-18 | 2013-03-18 | ||
Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | ||
Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | ||
Total Cost of Credit | GHS 108.60 | GHS 173.76 | GHS 347.52 | ||
True Price by Comp | |||||
Interest price component | 42.7% | 42.7% | 42.7% | ||
Fee Component | 5.1% | 5.1% | 5.1% | ||
Insurance Component | 2.6% | 2.6% | 2.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 22.9% | 22.9% | 22.9% | ||
Full APR (int fee ins tax dep) | 73.3% | 73.3% | 73.3% | ||
Transparency Index | 38 | 38 | 38 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2001 |
Head of Institution | M.Ernest Paul |
Regions active | |
# Branches | 41 |
Total Portfolio (nat'l) | INR 668,968,774 |
Total Portfolio (USD) | USD 12,622,052.34 |
Active clients with loans | 90,929 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | INR 8,000 - 22,000 | 12 | 80% - 100% | 80% - 100% | Business | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
Micro Enterprise Development Loan | INR 25,000 - 50,000 | 12 | 80% - 100% | 80% - 100% | Business | Women | Credit Educ, Group Mtgs, Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 0% | 26.2% - 27.7% | 28.3% - 32.2% | N/A | ||||||||||
Micro Enterprise Development Loan | 0% | 27.6% - 27.8% | 27.6% - 27.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 26.2% - 27.7% | 28.3% - 32.2% | 41 | ||||||||
Micro Enterprise Development Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 27.6% - 27.8% | 27.6% - 27.8% | 45 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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