| Number borrowers | 1,137 |
| Loan Amount (range) | GHS 200 - 10,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training, Personal hygiene & health education |
| Annual Interest & Method | 28.1% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 33.3% 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) | 121.1% - 123.6% |
| Transparency Index (min/max) | 23 - 38 |
| Transparency Index (average) | 23 |
| 1,084 |
| BOB 400 - 1,200,000 |
| 37 - 180 |
| Credit Ins |
| 10.0%-17.0% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 7.8% - 28.0% |
| 0 |
| 0 |
| 0 |
| 10.9% - 16.2% |
| 52 - 101 |
| 73 |
| Outstanding portfolio (GHS) | GHS 1,239,324.86 |
| Portfolio (USD) | USD 629,098.91 |
| Active Clients with Loans | 1,137 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | Petty Traders |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Personal hygiene & health education |
| 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 (BOB) | BOB 115,664,907.70 |
| Portfolio (USD) | USD 17,135,541.88 |
| Active Clients with Loans | 1,084 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Compra de vivienda, terreno, construcción |
| Other (2) | Refacción, remodelación, ampliación, etc. |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 50% |
| 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 | 6.0 months |
| Approx average | 6.0 months |
| 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 | 0 |
| Average grace period | 0 |
| Daily | x |
| 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 |
| Currency | BOB |
| Minimum loan size | BOB 400 |
| Maximum loan size | 1,200,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 10% |
| BOB 40,000-70,000 | 15% |
| BOB 70,000-100,000 | 15% |
| BOB 100,000-125,000 | 15% |
| Greater than BOB 125,000 | 15% |
| Shortest loan term | 37.0 months |
| Longest loan term | 180.0 months |
| Approx average | 84.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | x |
| 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 | 33.33% |
| 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 | 10.00% |
| Highest quoted nominal interest | 17.00% |
| Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | GHS 2,500 | GHS 8,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-02-25 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2012-11-22 | |||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | GHS 85.20 | GHS 170.40 | GHS 255.60 | GHS 511.20 | GHS 426 | GHS 1,363.20 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 46.2% | 46.2% | 46.7% | 46.2% | 46.2% | 45.9% | |||||
| Fee Component | 7.3% | 7.3% | 7.3% | 7.3% | 7.3% | 7.2% | |||||
| Insurance Component | 3.7% | 3.7% | 3.8% | 3.7% | 3.7% | 3.6% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 64.7% | 64.7% | 65.8% | 64.7% | 64.7% | 64.4% | |||||
| Full APR (int fee ins tax dep) | 121.9% | 121.9% | 123.6% | 121.9% | 121.9% | 121.1% | |||||
| Transparency Index | 23 | 23 | 23 | 23 | 23 | 23 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 65,000 | BOB 100,000 | BOB 140,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-05 | 2014-04-07 | 2014-04-07 | ||
| Loan Term (Months) | 48.0 months | 61.0 months | 49.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 23,366.25 | BOB 27,958.33 | BOB 42,875 | ||
| True Price by Comp | |||||
| Interest price component | 16.2% | 10.9% | 14.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 16.2% | 10.9% | 14.9% | ||
| Transparency Index | 62 | 91 | 67 | ||
| 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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