| Number borrowers | 818 |
| Loan Amount (range) | GHS 200 - 10,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training |
| Annual Interest & Method | 28.1% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 20.0% upfront |
| Range of pricing | |
| Interest Price Component | 42.7% - 47.5% |
| Fee Component | 5.1% - 7.3% |
| Insurance Component | 2.6% - 3.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 82.1% - 85.9% |
| Transparency Index (min/max) | 23 - 38 |
| Transparency Index (average) | 33 |
| 53 |
| INR 5,000 - 20,000 |
| 12 - 24 |
| Credit Educ, Group Mtgs, Credit Ins |
| 18.0% annual, Flat |
| 2.00% upfront |
| 40.00-200.00 upfront 40.00-200.00 upfront |
| None |
| 10.0% upfront |
| N/A |
| 33.9% (Int+Fee) |
| 1.4% - 4.1% |
| 0 |
| 41.9% |
| 33 - 80 |
| 43 |
| Outstanding portfolio (GHS) | GHS 2,810,209.34 |
| Portfolio (USD) | USD 1,426,502.20 |
| Active Clients with Loans | 818 |
| Approximate % Female Clients | 20% - 40% |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| 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 |
| Outstanding portfolio (INR) | INR 600,000 |
| Portfolio (USD) | USD 11,320.75 |
| Active Clients with Loans | 53 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| 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 | x |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Madhya Pradesh, Uttar Pradesh |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 50% |
| GHS 5,000-7,500 | 30% |
| GHS 7,500-10,000 | 20% |
| 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 | 40% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | 20,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 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 |
| 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 | 13.50% |
| Maximum interest rate paid | 15.50% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| 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 | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Insurance | Insurance | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 40 | 40 | |
| Fixed amount - max | 200 | 200 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | Some |
| Criteria | Security deposit is not applicable for the loan upto Rs. 5000. |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| 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 | 3.50% |
| Maximum interest rate paid | 3.50% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 8,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-03-11 | 2013-02-25 | 2013-02-15 | 2013-02-12 | 2013-02-18 | 2013-03-05 | |||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 8.0 months | 8.0 months | |||||
| Grace Period (Months) | 0.0 months | -0.1 months | -0.1 months | -0.1 months | -0.1 months | 0.0 months | |||||
| Total Cost of Credit | GHS 51.12 | GHS 102.24 | GHS 255.60 | GHS 511.20 | GHS 1,303.20 | GHS 1,737.60 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 45.5% | 46.7% | 46.7% | 46.7% | 47.5% | 46.6% | |||||
| Fee Component | 7.1% | 7.3% | 7.3% | 7.3% | 5.8% | 5.6% | |||||
| Insurance Component | 3.7% | 3.8% | 3.8% | 3.8% | 2.9% | 2.9% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 27.0% | 28.1% | 28.1% | 27.0% | 27.9% | 27.0% | |||||
| Full APR (int fee ins tax dep) | 83.3% | 85.9% | 85.9% | 84.8% | 84.1% | 82.1% | |||||
| Transparency Index | 34 | 33 | 33 | 33 | 33 | 34 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | |
|---|---|
| Loan Amount | INR 15,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-05-07 |
| Loan Term (Months) | 18.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 33.9% |
| Insurance Component | 1.4% |
| Tax Component | 0 |
| Deposit Component | 6.6% |
| Full APR (int fee ins tax dep) | 41.9% |
| MFIN MFI Earning (Annualised) | 33.9% |
| MFIN Cost to Borrower (Annualised) | 41.9% |
| Transparency Index | 43 |
| MFIN Transparency Index | 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 | ||||||
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