| Number borrowers | 4,150 |
| Loan Amount (range) | GHS 100 - 5,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Business Training |
| Annual Interest & Method | 20.00%-40.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 1.00%-4.00% ongoing |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 46.3% - 64.7% |
| Fee Component | 6.8% - 18.2% |
| Insurance Component | 2.2% - 3.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 78.7% - 91.5% |
| Transparency Index (min/max) | 22 - 52 |
| Transparency Index (average) | 22 |
| Outstanding portfolio (GHS) | GHS 2,124,145 |
| Portfolio (USD) | USD 1,078,246.19 |
| Active Clients with Loans | 4,150 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | Micro School |
| Other (2) | Special Agric Loan |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| 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 | 10 |
| # Regions for this product | 10 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
| Outstanding portfolio (UGX) | UGX 13,905,831 |
| Portfolio (USD) | USD 5,562 |
| Active Clients with Loans | 35 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 100 |
| Maximum loan size | 5,000 |
| Loans less than GHS 1,000 | 80% |
| GHS 1,000-5,000 | 20% |
| 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 | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 70% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 20.00% |
| Highest quoted nominal interest | 40.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Loan Purpose |
| 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 | Training 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? | Yes | No |
| Ins 1 | |
|---|---|
| Description | Client Welfare Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Varies depending on loan term - 6 to 24 months. Fee is 2% p.a |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Most loans do not have compulsory savings for old clients |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| 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 | 8.00% |
| Maximum interest rate paid | 8.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 400 | GHS 600 | GHS 1,500 | GHS 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-18 | 2013-03-12 | 2013-02-04 | 2013-03-12 | |||
| Loan Term (Months) | 4.5 months | 4.5 months | 7.0 months | 9.0 months | |||
| Grace Period (Months) | 0.5 months | 0.4 months | 0.4 months | 0.5 months | |||
| Total Cost of Credit | GHS 80 | GHS 118.52 | GHS 342.54 | GHS 993.52 | |||
| True Price by Comp | |||||||
| Interest price component | 57.6% | 58.3% | 52.3% | 61.7% | |||
| Fee Component | 18.2% | 17.3% | 12.0% | 9.5% | |||
| Insurance Component | 2.7% | 2.7% | 2.5% | 2.8% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 13.0% | 13.0% | 11.9% | 13.1% | |||
| Full APR (int fee ins tax dep) | 91.5% | 91.3% | 78.7% | 87.1% | |||
| Transparency Index | 22 | 22 | 25 | 23 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| 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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