| Number borrowers | 45,929 |
| Loan Amount (range) | GHS 1,000 - 4,000 |
| Loan Term (range) | 0.5 - 10 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Education |
| Annual Interest & Method | 22.00%-39.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 0.50%-2.00% 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) | 84.8% - 93.1% |
| Transparency Index (min/max) | 22 - 52 |
| Transparency Index (average) | 24 |
| 5,003 |
| THB 800 - 14,000 |
| 3 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| 33.6%-36.0% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 21.5% - 35.9% |
| 0 |
| 0 |
| 0 |
| 34.7% - 35.0% |
| 68 - 100 |
| 96 |
| Outstanding portfolio (GHS) | GHS 22,547,879 |
| Portfolio (USD) | USD 11,445,623.86 |
| Active Clients with Loans | 45,929 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| 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 | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Health Education |
| 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 (THB) | THB 44,807,182 |
| Portfolio (USD) | USD 1,518,887.53 |
| Active Clients with Loans | 5,003 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 2 |
| Regions Active | Banteay Meanchey, Battambang |
| Currency | GHS |
| Minimum loan size | GHS 1,000 |
| Maximum loan size | 4,000 |
| Loans less than GHS 1,000 | 30% |
| GHS 1,000-5,000 | 70% |
| 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 | 0.5 months |
| Longest loan term | 10.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 30% |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 10% |
| 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 | THB |
| Minimum loan size | THB 800 |
| Maximum loan size | 14,000 |
| Loans less than THB 10,000 | 50% |
| THB 10,000-30,000 | 50% |
| THB 30,000-50,000 | 0 |
| THB 50,000-70,000 | 0 |
| THB 70,000-90,000 | 0 |
| Greater than THB 90,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 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 | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 39.00% |
| Reason(s) why interest rate varies | Time as Client, Client Risk |
| 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 | 0.50% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Varies depending on loan term - 3 to 12 months. Fee is 2% p.a |
| 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 | 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 |
| Lowest quoted nominal interest | 2.80% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Branch, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 1,400 | GHS 1,450 | GHS 1,500 | GHS 1,600 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-12-17 | 2012-12-17 | 2013-03-22 | 2013-03-22 | |||
| Loan Term (Months) | 9.0 months | 9.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
| Total Cost of Credit | GHS 449.68 | GHS 465.63 | GHS 355.33 | GHS 378.81 | |||
| True Price by Comp | |||||||
| Interest price component | 59.5% | 59.5% | 61.7% | 61.7% | |||
| Fee Component | 9.7% | 9.7% | 13.7% | 13.6% | |||
| Insurance Component | 2.9% | 2.9% | 3.0% | 3.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 12.7% | 12.7% | 14.7% | 14.6% | |||
| Full APR (int fee ins tax dep) | 84.8% | 84.8% | 93.1% | 93.0% | |||
| Transparency Index | 26 | 26 | 24 | 24 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | THB 2,000 | THB 5,000 | THB 10,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-02-20 | 2013-02-20 | 2013-03-14 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 10.0 months | ||
| Grace Period (Months) | 11.1 months | 10.9 months | 5.9 months | ||
| Total Cost of Credit | THB 704 | THB 1,727 | THB 2,444 | ||
| True Price by Comp | |||||
| Interest price component | 34.9% | 35.0% | 34.7% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| 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) | 34.9% | 35.0% | 34.7% | ||
| Transparency Index | 96 | 96 | 97 | ||
| 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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