Number borrowers | 150 |
Loan Amount (range) | GHS 50 - 1,000 |
Loan Term (range) | 1 - 5 |
Other Services (text summary) | Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 60.00%-120.00% annual, Flat |
Fees | 2 fees |
Insurance | None |
Tax | None |
Comp Dep | 25.00% upfront |
Range of pricing | |
Interest Price Component | 121.8% - 212.2% |
Fee Component | 17.8% - 41.3% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 259.4% - 420.1% |
Transparency Index (min/max) | 14 - 23 |
Transparency Index (average) | 16 |
2,500 |
RWF 100,000 - 2,500,000 |
12 |
Credit Educ, Tech Asst Visits, Business Training |
24.00% annual, Flat |
1.00% upfront |
None |
18.00% fees |
20.00% upfront |
26.1% - 45.7% |
1.1% - 4.1% |
0 - 0.4% |
0.3% - 0.8% |
52.0% - 52.3% |
28 - 54 |
46 |
Outstanding portfolio (GHS) | GHS 200,000 |
Portfolio (USD) | USD 101,522.84 |
Active Clients with Loans | 150 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
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 | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Greater Accra Region |
Outstanding portfolio (RWF) | RWF 220,979,541 |
Portfolio (USD) | USD 345,280.53 |
Active Clients with Loans | 2,500 |
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 | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 21 |
Regions Active | Burera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 1,000 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
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 | 1.0 month |
Longest loan term | 5.0 months |
Approx average | 5.0 months |
Loans 3 months or less | 50% |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | x |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 2,500,000 |
Loans less than RWF 500,000 | 60% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 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 | 100% |
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 | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 10.00% |
Reason(s) why interest rate varies | Client Risk, First-cycle loans are charged 10%, multiple-cycle loans are charged 5%, due to differing risk of default. |
Interest rate period | Monthly |
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 | Form Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | 25.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission 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 | N/A |
Appears on Repayment Sched? | No |
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 | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 200 | GHS 400 | GHS 500 | GHS 1,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-05-03 | 2012-06-19 | 2012-04-23 | 2012-08-22 | |||
Loan Term (Months) | 2.2 months | 3.2 months | 4.1 months | 2.2 months | |||
Grace Period (Months) | 0.1 months | 0.1 months | 0.0 months | 0.1 months | |||
Total Cost of Credit | GHS 47 | GHS 131 | GHS 213 | GHS 143 | |||
True Price by Comp | |||||||
Interest price component | 204.1% | 210.7% | 212.2% | 121.8% | |||
Fee Component | 41.3% | 23.5% | 17.8% | 25.5% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 174.7% | 157.6% | 136.3% | 112.1% | |||
Full APR (int fee ins tax dep) | 420.1% | 391.8% | 366.3% | 259.4% | |||
Transparency Index | 14 | 15 | 16 | 23 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 200,000 | RWF 300,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 3 | 5 | ||
Disbursement Date | 2011-11-18 | 2012-03-08 | 2012-03-08 | ||
Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | ||
Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | ||
Total Cost of Credit | RWF 19,180 | RWF 38,360 | RWF 57,540 | ||
True Price by Comp | |||||
Interest price component | 33.6% | 33.4% | 33.4% | ||
Fee Component | 2.0% | 2.0% | 2.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.4% | 0.4% | 0.4% | ||
Deposit Component | 16.3% | 16.2% | 16.2% | ||
Full APR (int fee ins tax dep) | 52.3% | 52.0% | 52.0% | ||
Transparency Index | 46 | 46 | 46 | ||
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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Greater than: | ||||||
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Std Dev | ||||||
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By Country | ||||||
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From 0 to | ||||||
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