| Number borrowers | 8,946 |
| Loan Amount (range) | GHS 280 - 8,000 |
| Loan Term (range) | 3 - 8 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 38.0% annual, Flat |
| Fees | 3.50% upfront |
| Insurance | 1.00% ongoing |
| Tax | None |
| Comp Dep | 15.0%-20.0% 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) | 96.6% - 124.1% |
| Transparency Index (min/max) | 31 - 88 |
| Transparency Index (average) | 35 |
| 1,408 |
| KHR 200,000 - 1,500,000 |
| 1 - 12 |
| 30.0%-42.0% annual, Decl Bal |
| 4,000.00 upfront |
| None |
| None |
| N/A |
| 21.7% - 36.0% |
| 0.2% - 0.4% |
| 0 |
| 0 |
| 30.3% - 36.4% |
| 59 - 99 |
| 87 |
| Outstanding portfolio (GHS) | GHS 11,558,085 |
| Portfolio (USD) | USD 5,867,048.22 |
| Active Clients with Loans | 8,946 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | |
| 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 | |
| Must be specific age group | |
| Other | Must be a good group loan client. |
| 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 885,978,200 |
| Portfolio (USD) | USD 224,298.28 |
| Active Clients with Loans | 1,408 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Group meetings | |
| Credit insurance | |
| 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 | 22 |
| # Regions for this product | 7 |
| Regions Active | Kampong Cham, Kampong Chhnang, Kampong Speu, Kandal, Sihanoukville, Prey VengSiem Reap |
| Currency | GHS |
| Minimum loan size | GHS 280 |
| Maximum loan size | 8,000 |
| Loans less than GHS 1,000 | 20% |
| GHS 1,000-5,000 | 20% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 40% |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 0 |
| 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 | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | KHR |
| Minimum loan size | KHR 200,000 |
| Maximum loan size | 1,500,000 |
| Loans less than KHR 1,000,000 | 100% |
| KHR 1,000,000-3,500,000 | 0 |
| 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 | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | 38.00% |
| Highest quoted nominal interest | 38.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 3.50% |
| % of loan amount - max | 3.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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% - 20.00% |
| 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 | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 3.50% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Upfront fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 4,000 |
| Fixed amount - max | 4,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 400 | GHS 600 | GHS 1,500 | GHS 2,700 | GHS 5,800 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-11-30 | 2013-01-17 | 2013-01-07 | 2012-12-20 | 2013-01-22 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 8.0 months | 6.0 months | ||||
| Grace Period (Months) | 0.4 months | 0.4 months | 0.5 months | 0.4 months | 0.6 months | ||||
| Total Cost of Credit | GHS 97.56 | GHS 144.96 | GHS 366.30 | GHS 803.78 | GHS 1,401.72 | ||||
| True Price by Comp | |||||||||
| Interest price component | 65.0% | 65.0% | 56.1% | 57.4% | 61.7% | ||||
| Fee Component | 16.6% | 15.6% | 12.0% | 9.7% | 12.8% | ||||
| Insurance Component | 3.2% | 3.2% | 2.7% | 2.1% | 2.9% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 39.3% | 38.8% | 27.5% | 27.4% | 22.9% | ||||
| Full APR (int fee ins tax dep) | 124.1% | 122.6% | 98.3% | 96.6% | 100.3% | ||||
| Transparency Index | 31 | 31 | 39 | 39 | 38 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KHR 200,000 | KHR 500,000 | KHR 1,200,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-25 | 2013-02-27 | 2013-02-28 | ||
| Loan Term (Months) | 13.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.3 months | 0.1 months | -0.5 months | ||
| Total Cost of Credit | KHR 34,800 | KHR 102,000 | KHR 223,100 | ||
| True Price by Comp | |||||
| Interest price component | 29.9% | 36.0% | 36.0% | ||
| Fee Component | 0.4% | 0.4% | 0.4% | ||
| 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) | 30.3% | 36.4% | 36.4% | ||
| Transparency Index | 99 | 82 | 82 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
