2. OISL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AgroCapital
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
Data version: 2
Age of data: 139 months
Choose version

Institution

Fundación Agrocapital Calle Nataniel Aguirre No. S-669Cochabamba, Cercado5901
Data approved: 2010-10-28
Data version: 1
Age of data: 172 months

Product

ISME / Edufinance Product 6 of 10 « Prev | Next »

Product

Plan Microcrédito II (No Secuencial) (USD) Product 11 of 11 « Prev | Next »

Product Summary

Number borrowers595
Loan Amount (range)GHS 10,000 - 100,000
Loan Term (range)10 - 37
Other Services (text summary)Tech Asst Visits, Business Training
Annual Interest & Method39.0% annual, Decl Bal
Fees3.50% upfront 3.00 upfront
Insurance1.00% ongoing
TaxNone
Comp Dep
Range of pricing 
Interest Price Component33.9% - 69.6%
Fee Component2.9% - 24.0%
Insurance Component0.5% - 4.4%
Tax Component Range0
Full APR (int fee ins tax dep)44.4% - 48.0%
Transparency Index (min/max)31 - 88
Transparency Index (average)84

Product Summary

2,525
USD 300 - 12,000
3 - 60
Credit Ins
21.0%-30.0% annual, Decl Bal
5.00% upfront 5.00% ongoing
None
15.00% Principal
N/A
 
N/A
24.9% - 31.3% (Int+Fee)
0 - 0.6%
0 - 0.4%
25.0% - 31.5%
0 - N/A
75

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 9,320,505
Portfolio (USD)USD 4,731,220.81
Active Clients with Loans595
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ISME loan is a short to medium-term loan facility for private school owners. Loan amount start from Ghc 2,000.00 and the loan term can be extended to 24 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherFully registered and licensed school
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Product Details

Key Statistics
Outstanding portfolio (USD)USD 7,983,545.76
Portfolio (USD)USD 7,983,545.76
Active Clients with Loans2,525
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Producto crediticio orientado a atender la demanda de Clientes nuevos y antiguos que requieren financiamiento por montos mayores a los contemplados en la escala del Plan Microcrédito I.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherBuenos antecedentes personales y crediticios. Actividad económica y financieramente viable.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 10,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,00030%
Greater than GHS 13,00030%
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term37.0 months
Approx average16.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months40%
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 300
Maximum loan size12,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average34.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest39.00%
Highest quoted nominal interest39.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Loans below 10,000 GHS: 10% compulsory depsoit requirement. 10,000 GHS and above: no requirement. Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount depsoited is 1,000 GHS or more, 3% interest.

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Full Pricing Data

ISME / Edufinance samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 12,000GHS 12,553.63GHS 15,000GHS 15,680.25
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-272012-12-052012-11-232012-11-06
Loan Term (Months)13.0 months21.0 months12.0 months14.0 months
Grace Period (Months)1.0 month1.1 months0.0 months1.5 months
Total Cost of CreditGHS 3,489.15GHS 5,255.91GHS 3,868.32GHS 4,754.79
True Price by Comp       
Interest price component38.8%38.4%38.8%38.3%
Fee Component6.5%4.6%7.5%6.2%
Insurance Component1.5%1.4%1.7%1.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)46.8%44.4%48.0%46.3%
Transparency Index83888184
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Plan Microcrédito II (No Secuencial) (USD) samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUSD 418USD 2,000USD 4,000USD 8,000USD 12,000
Loan Cycle (1, 2, 3, etc)37439
Disbursement Date2010-04-192010-03-172010-03-192010-02-022010-03-19
Loan Term (Months)18.0 months17.0 months34.0 months36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component31.3%27.9%29.6%24.9%26.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.2%0.2%0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.5%28.2%29.7%25.0%26.2%
Transparency Index6775718480
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
ISME / Edufinance Price Graphs


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Plan Microcrédito II (No Secuencial) (USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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