Number borrowers | 365 |
Loan Amount (range) | GHS 200 - 500 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Book keeping training |
Annual Interest & Method | 60.00%-96.00% annual, Flat |
Fees | 2 fees |
Insurance | 1.20% upfront |
Tax | None |
Comp Dep | 20.00% upfront |
Range of pricing | |
Interest Price Component | 110.7% - 154.0% |
Fee Component | 9.8% - 26.0% |
Insurance Component | 5.1% - 6.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 248.8% - 257.7% |
Transparency Index (min/max) | 22 - 26 |
Transparency Index (average) | 23 |
1,189 |
KES 5,000 - 70,000 |
3 - 9 |
Group Mtgs, Business Training, Other Training |
22.0% annual, Flat |
3.00% upfront |
None |
None |
20.0% upfront |
34.7% - 93.6% |
0 - 12.6% |
0 |
0 |
67.2% - 79.2% |
27 - 96 |
29 |
Outstanding portfolio (GHS) | GHS 146,000 |
Portfolio (USD) | USD 74,111.68 |
Active Clients with Loans | 365 |
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 | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Book keeping training |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Greater Accra Region |
Outstanding portfolio (KES) | KES 12,718,447 |
Portfolio (USD) | USD 153,604.43 |
Active Clients with Loans | 1,189 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | 5 |
# Regions for this product | 4 |
Regions Active | Coast, Eastern, Nairobi, Rift Valley |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | GHS 500 |
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 | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 40% |
Between 4 and 6 months | 60% |
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 | 0.8 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 |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 70,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 9.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
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 | 8.00% |
Reason(s) why interest rate varies | Client Risk, Loan Purpose |
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 | Registration Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 10 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.20% |
% of loan amount - max | 1.20% |
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? | Yes |
% loan amount deposited | 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 | 10.50% |
Maximum interest rate paid | 10.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.83% |
Highest quoted nominal interest | 1.83% |
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 | upfront |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 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 | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 250 | GHS 300 | GHS 375 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-25 | 2012-11-25 | 2013-01-20 | ||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | GHS 138 | GHS 163.60 | GHS 202 | ||
True Price by Comp | |||||
Interest price component | 154.0% | 154.0% | 154.0% | ||
Fee Component | 26.0% | 23.0% | 20.0% | ||
Insurance Component | 5.4% | 5.4% | 5.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 72.3% | 70.8% | 69.4% | ||
Full APR (int fee ins tax dep) | 257.7% | 253.2% | 248.8% | ||
Transparency Index | 23 | 24 | 24 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
KES 5,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 655.38 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
KES 5,750 | Generated | 2015-03-01 | 8.7 months | N/A | KES 1,092.71 | 72.9% | 39.6% | 8.4% | 0.0% | 0.0% | 24.9% | 30 | - | |
KES 18,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 2,359.37 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
KES 25,875 | Generated | 2015-03-01 | 8.7 months | N/A | KES 4,917.21 | 72.9% | 39.6% | 8.4% | 0.0% | 0.0% | 24.9% | 30 | - | |
KES 36,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 4,718.74 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
KES 48,000 | Generated | 2015-03-01 | 9.0 months | N/A | KES 9,352.82 | 67.2% | 37.6% | 7.7% | 0.0% | 0.0% | 21.9% | 33 | - | |
KES 60,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 7,864.57 | 79.2% | 39.2% | 12.6% | 0.0% | 0.0% | 27.4% | 28 | - | |
KES 70,000 | Generated | 2015-03-01 | 9.0 months | N/A | KES 13,639.53 | 67.2% | 37.6% | 7.7% | 0.0% | 0.0% | 21.9% | 33 | - |
Key Statistics | |
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# 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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