| Number borrowers | 7,428 |
| Loan Amount (range) | GHS 130 - 10,000 |
| Loan Term (range) | 6 - 9 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 36.0% annual, Flat |
| Fees | 3.50% upfront 3.00 upfront |
| Insurance | 1.00% ongoing |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | 33.9% - 69.6% |
| Fee Component | 2.9% - 24.0% |
| Insurance Component | 0.5% - 4.4% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 47.0% - 78.8% |
| Transparency Index (min/max) | 31 - 88 |
| Transparency Index (average) | 61 |
| 880 |
| BOB 35,000 - 3,500,000 |
| 3 - 120 |
| Credit Ins |
| 6.0%-23.0% annual, Decl Bal |
| None |
| 0.25%-9.96% ongoing Y |
| None |
| N/A |
| 9.9% - 28.9% |
| 0 |
| 0.9% - 1.9% |
| 0 |
| 11.0% - 24.8% |
| 24 - 67 |
| 37 |
| Outstanding portfolio (GHS) | GHS 2,448,297 |
| Portfolio (USD) | USD 1,242,790.36 |
| Active Clients with Loans | 7,428 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Farming |
| Other (2) |
| Credit education | x |
| 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 | x |
| Other | Farmers |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 5 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region |
| Outstanding portfolio (BOB) | BOB 113,951,172 |
| Portfolio (USD) | USD 16,881,655.11 |
| Active Clients with Loans | 880 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Compra de Vivienda |
| Other (2) | Construcción |
| 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 | x |
| 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 , PotosÃ, Santa Cruz, Tarija |
| Currency | GHS |
| Minimum loan size | GHS 130 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| 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 | 9.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 90% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 6.0 months |
| 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 | BOB |
| Minimum loan size | BOB 35,000 |
| Maximum loan size | 3,500,000 |
| 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 | 10% |
| Greater than BOB 125,000 | 10% |
| Shortest loan term | 3.0 months |
| Longest loan term | 120.0 months |
| Approx average | 97.0 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 | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| Interest rate period | Yearly |
| 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 | Application Fee | |
| % of loan amount - min | 3.50% | 0 | |
| % of loan amount - max | 3.50% | 0 | |
| OR, Fixed amount - min | 0 | 3 | |
| Fixed amount - max | 0 | 3 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| 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 | 1% of total loan amount, divided and charged equally throughout loan term. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % 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 | 0 |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 6.00% |
| Highest quoted nominal interest | 23.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Seguro de Desgravamen | Seguro de todo Riesgo | |
| % of loan amount - min | 0.25% | 0 | |
| % of loan amount - max | 9.96% | 0.80% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | Fee is 0.083%, charged each month on the outstanding loan principal only. | Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient. | |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 297 | GHS 750 | GHS 1,530 | GHS 3,000 | GHS 5,600 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-05-04 | 2012-12-21 | 2012-05-31 | 2012-10-02 | 2012-10-12 | ||||
| Loan Term (Months) | 10.0 months | 4.9 months | 9.0 months | 10.0 months | 5.8 months | ||||
| Grace Period (Months) | 5.6 months | 2.0 months | 4.7 months | 0.4 months | 2.9 months | ||||
| Total Cost of Credit | GHS 92.10 | GHS 145.50 | GHS 424.41 | GHS 1,071.20 | GHS 1,227.81 | ||||
| True Price by Comp | |||||||||
| Interest price component | 33.9% | 41.5% | 34.8% | 57.3% | 40.1% | ||||
| Fee Component | 6.9% | 12.3% | 6.4% | 8.1% | 9.1% | ||||
| Insurance Component | 1.2% | 2.7% | 1.3% | 1.7% | 2.2% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 5.0% | 7.3% | 5.2% | 11.7% | 6.3% | ||||
| Full APR (int fee ins tax dep) | 47.0% | 63.8% | 47.7% | 78.8% | 57.7% | ||||
| Transparency Index | 77 | 56 | 75 | 46 | 62 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 57,000 | BOB 80,000 | BOB 100,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-12 | 2014-04-01 | 2014-04-01 | ||
| Loan Term (Months) | 97.0 months | 61.0 months | 73.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 51,807.68 | BOB 22,522.01 | BOB 76,274.05 | ||
| True Price by Comp | |||||
| Interest price component | 17.2% | 9.9% | 23.7% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 1.1% | 1.1% | 1.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 18.3% | 11.0% | 24.8% | ||
| Transparency Index | 33 | 54 | 24 | ||
| 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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