Number borrowers | 200 |
Loan Amount (range) | GHS 350 - 500 |
Loan Term (range) | 5 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training, Other Training, HIV/AIDS Awareness Training |
Annual Interest & Method | 36.00% annual, Flat |
Fees | 2 fees |
Insurance | None |
Tax | None |
Comp Dep | 50.00 upfront |
Range of pricing | |
Interest Price Component | 63.1% - 85.2% |
Fee Component | 19.8% - 29.6% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 125.3% - 144.2% |
Transparency Index (min/max) | 25 - 29 |
Transparency Index (average) | 26 |
23,576 |
USD 75 - 25,000 |
4 - 48 |
19.2%-32.4% annual, Decl Bal |
None |
None |
None |
N/A |
14.5% - 34.8% |
0 |
0 |
0 |
21.7% - 32.4% |
52 - 100 |
73 |
Outstanding portfolio (GHS) | GHS 70,000 |
Portfolio (USD) | USD 35,532.99 |
Active Clients with Loans | 200 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
Other | HIV/AIDS Awareness Training |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Must be 18+ years old |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Greater Accra Region |
Outstanding portfolio (USD) | USD 47,278,739 |
Portfolio (USD) | USD 47,278,739 |
Active Clients with Loans | 23,576 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Currency | GHS |
Minimum loan size | GHS 350 |
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 | 5.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 60% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 90% |
Average grace period | 8.0 months |
Daily | |
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 | USD |
Minimum loan size | USD 75 |
Maximum loan size | 25,000 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 5% |
USD 1,000-1,500 | 5% |
USD 1,500-2,000 | 10% |
USD 2,000-2,500 | 10% |
Greater than USD 2,500 | 10% |
Shortest loan term | 4.0 months |
Longest loan term | 48.0 months |
Approx average | 25.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 5% |
Longer than 18 months | 80% |
Grace period usage | 10% |
Average grace period | 2.0 months |
Daily | |
Weekly | |
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 | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Processing Fee | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 10 | 10 | |
Fixed amount - max | 10 | 15 | |
Reason for variation | Only charged on first-cycle loans | 10 GHS for first-cycle, 15 GHS for multiple-cycle. | |
Appears on Repayment Sched? | Yes | Yes |
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 | 0 |
or, Fixed-amount deposited | GHS 50 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | GHS 2 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.60% |
Highest quoted nominal interest | 2.70% |
Reason(s) why interest rate varies | Loan Size |
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 | |||
---|---|---|---|---|---|
Loan Amount | GHS 350 | GHS 400 | GHS 500 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2012-10-26 | 2013-04-19 | 2013-04-12 | ||
Loan Term (Months) | 4.8 months | 4.0 months | 5.1 months | ||
Grace Period (Months) | 0.1 months | 0.2 months | 0.0 months | ||
Total Cost of Credit | GHS 72.20 | GHS 68 | GHS 120 | ||
True Price by Comp | |||||
Interest price component | 67.7% | 63.1% | 85.2% | ||
Fee Component | 29.6% | 29.2% | 19.8% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 46.9% | 33.0% | 32.2% | ||
Full APR (int fee ins tax dep) | 144.2% | 125.3% | 137.2% | ||
Transparency Index | 25 | 29 | 26 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 300 | USD 600 | USD 1,700 | USD 3,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-02-12 | 2013-01-02 | 2012-08-30 | 2013-03-18 | |||
Loan Term (Months) | 10.0 months | 12.0 months | 15.0 months | 37.0 months | |||
Grace Period (Months) | -0.2 months | 0.0 months | -0.4 months | 0.0 months | |||
Total Cost of Credit | USD 43.27 | USD 102.36 | USD 246.53 | USD 1,008.13 | |||
True Price by Comp | |||||||
Interest price component | 32.4% | 31.2% | 22.9% | 21.7% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 32.4% | 31.2% | 22.9% | 21.7% | |||
Transparency Index | 59 | 61 | 84 | 88 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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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