| Number borrowers | 39,801 |
| Loan Amount (range) | GHS 100 - 8,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 41.0% annual, Flat |
| Fees | 3.50% upfront 3.00 upfront |
| Insurance | 1.00% ongoing |
| Tax | None |
| Comp Dep | 15.0% 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) | 103.0% - 123.9% |
| Transparency Index (min/max) | 31 - 88 |
| Transparency Index (average) | 36 |
| 2,830 |
| KHR 400,000 - 2,400,000 |
| 1 - 24 |
| Credit Ins |
| 36.0% annual, Decl Bal |
| None |
| None |
| None |
| 3.0% upfront |
| 27.1% - 36.0% |
| 0 |
| 0 |
| 0 |
| 37.1% |
| 81 - 105 |
| 97 |
| Outstanding portfolio (GHS) | GHS 21,719,748 |
| Portfolio (USD) | USD 11,025,252.79 |
| Active Clients with Loans | 39,801 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| 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 | x |
| 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Outstanding portfolio (KHR) | KHR 1,910,277,705 |
| Portfolio (USD) | USD 483,614.61 |
| Active Clients with Loans | 2,830 |
| Approximate % Female Clients | 80% - 100% |
| 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 | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
| Currency | GHS |
| Minimum loan size | GHS 100 |
| Maximum loan size | 8,000 |
| 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 | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | KHR |
| Minimum loan size | KHR 400,000 |
| Maximum loan size | 2,400,000 |
| Loans less than KHR 1,000,000 | 90% |
| KHR 1,000,000-3,500,000 | 10% |
| KHR 3,500,000-6,000,000 | 0 |
| KHR 6,000,000-8,000,000 | 0 |
| KHR 8,000,000-10,000,000 | 0 |
| Greater than KHR 10,000,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 10% |
| 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 | 41.04% |
| Highest quoted nominal interest | 41.04% |
| 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 | 15.00% |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | All branches, loan size and term have the same interest rate. |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 250 | GHS 800 | GHS 1,400 | GHS 3,000 | GHS 2,700 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-12-24 | 2012-11-01 | 2012-12-19 | 2012-10-08 | 2012-10-24 | ||||
| Loan Term (Months) | 4.3 months | 6.0 months | 5.8 months | 7.0 months | 6.0 months | ||||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.1 months | 0.5 months | 0.5 months | ||||
| Total Cost of Credit | GHS 50.73 | GHS 205.56 | GHS 349.74 | GHS 863.20 | GHS 683.94 | ||||
| True Price by Comp | |||||||||
| Interest price component | 66.7% | 69.6% | 64.1% | 69.0% | 69.2% | ||||
| Fee Component | 24.0% | 15.0% | 13.4% | 12.1% | 14.0% | ||||
| Insurance Component | 4.4% | 3.1% | 3.0% | 2.7% | 3.1% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 28.8% | 27.1% | 22.5% | 25.4% | 26.6% | ||||
| Full APR (int fee ins tax dep) | 123.9% | 114.8% | 103.0% | 109.2% | 112.9% | ||||
| Transparency Index | 33 | 36 | 40 | 38 | 36 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KHR 400,000 | KHR 1,600,000 | KHR 2,400,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-06-19 | 2012-06-19 | 2012-06-19 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 10.8 months | 10.8 months | 10.8 months | ||
| Total Cost of Credit | KHR 141,200 | KHR 564,800 | KHR 847,200 | ||
| True Price by Comp | |||||
| Interest price component | 36.0% | 36.0% | 36.0% | ||
| 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 | 1.1% | 1.1% | 1.1% | ||
| Full APR (int fee ins tax dep) | 37.1% | 37.1% | 37.1% | ||
| Transparency Index | 97 | 97 | 97 | ||
| 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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