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 |
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 (KES) | KES 7,165,239.08 |
Portfolio (USD) | USD 86,536.70 |
Active Clients with Loans | 37 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | N/A |
Regions Active |
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 |
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 |
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 |
Key Statistics | |
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# Borrowers | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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