| Number borrowers | 89 |
| Loan Amount (range) | GHS 150 - 10,000 |
| Loan Term (range) | 1 - 18 |
| Other Services (text summary) | Group Mtgs |
| Annual Interest & Method | 36.00% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 0.50%-1.20% upfront |
| Tax | None |
| Comp Dep | 50.00% upfront |
| Range of pricing | |
| Interest Price Component | 36.0% - 59.4% |
| Fee Component | 1.5% - 4.2% |
| Insurance Component | 0 - 2.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 162.3% - 175.1% |
| Transparency Index (min/max) | 21 - 48 |
| Transparency Index (average) | 21 |
| Outstanding portfolio (GHS) | GHS 32,000 |
| Portfolio (USD) | USD 16,243.65 |
| Active Clients with Loans | 89 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| 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 | |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Northern Region |
| Currency | GHS |
| Minimum loan size | GHS 150 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 30% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 20% |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 18.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| 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 | Processing 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Protection Plan Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 1.20% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Exact Calculation = (Principal X No. of Monthly Repayments) / 1000 |
| 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 | 50.00% |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | End Term |
| 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 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 400 | GHS 1,000 | GHS 2,000 | GHS 3,000 | GHS 5,000 | GHS 8,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 5 | 6 | 6 | |||||
| Disbursement Date | 2013-02-14 | 2013-03-26 | 2012-11-30 | 2012-12-14 | 2013-03-20 | 2013-03-08 | |||||
| Loan Term (Months) | 5.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | GHS 42 | GHS 217 | GHS 434 | GHS 651 | GHS 1,085 | GHS 1,736 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | |||||
| Fee Component | 4.2% | 2.1% | 2.1% | 2.1% | 2.1% | 2.1% | |||||
| Insurance Component | 2.2% | 2.5% | 2.5% | 2.5% | 2.5% | 2.5% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 132.7% | 121.7% | 121.7% | 121.7% | 121.7% | 121.7% | |||||
| Full APR (int fee ins tax dep) | 175.1% | 162.3% | 162.3% | 162.3% | 162.3% | 162.3% | |||||
| Transparency Index | 21 | 22 | 22 | 22 | 22 | 22 | |||||
| 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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