| Number borrowers | 273 |
| Loan Amount (range) | GHS 270 - 15,000 |
| Loan Term (range) | 6 - 24 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | 3.50% upfront 3.00 upfront |
| Insurance | 1.00% ongoing |
| Tax | None |
| Comp Dep | N/A |
| 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) | 44.6% - 50.6% |
| Transparency Index (min/max) | 31 - 88 |
| Transparency Index (average) | 51 |
| Outstanding portfolio (GHS) | GHS 284,584 |
| Portfolio (USD) | USD 144,458.88 |
| Active Clients with Loans | 273 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 100% |
| Individual | x |
| Solidarity group | |
| 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 | 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 | 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Currency | GHS |
| Minimum loan size | GHS 270 |
| Maximum loan size | 15,000 |
| Loans less than GHS 1,000 | 60% |
| GHS 1,000-5,000 | 40% |
| 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 | 24.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 20% |
| 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 |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
| 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 | 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 300 | GHS 900 | GHS 1,639.59 | GHS 3,200 | GHS 10,000 | GHS 5,400 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2012-11-16 | 2012-10-10 | 2012-09-28 | 2012-06-14 | 2012-09-27 | 2012-10-24 | |||||
| Loan Term (Months) | 12.0 months | 24.0 months | 12.0 months | 24.0 months | 24.0 months | 24.0 months | |||||
| Grace Period (Months) | 0.4 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.2 months | |||||
| Total Cost of Credit | GHS 90.66 | GHS 475.50 | GHS 470.27 | GHS 1,683 | GHS 5,272.92 | GHS 2,820 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 39.7% | 40.2% | 41.1% | 40.2% | 40.4% | 39.5% | |||||
| Fee Component | 8.6% | 4.3% | 7.4% | 4.0% | 4.0% | 3.9% | |||||
| Insurance Component | 1.5% | 1.2% | 2.1% | 1.2% | 1.1% | 1.2% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 49.8% | 45.7% | 50.6% | 45.4% | 45.5% | 44.6% | |||||
| Transparency Index | 48 | 53 | 47 | 53 | 53 | 54 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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