| Number borrowers | 1,301 |
| Loan Amount (range) | INR 25,000 - 50,000 |
| Loan Term (range) | 10 - 12 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 16.0% annual, Flat |
| Fees | 30.00 upfront |
| Insurance | 50.00 upfront |
| Tax | None |
| Comp Dep | 15.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 33.0% (Int+Fee) |
| Insurance Component | 0.3% - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 45.6% |
| Transparency Index (min/max) | 35 - 38 |
| Transparency Index (average) | 35 |
| 3,257 |
| GHS 200 - 12,000 |
| 2 - 24 |
| Credit Educ, Credit Ins |
| 42.0% annual, Flat |
| 3.50% upfront 3.00 upfront |
| 1.00% ongoing |
| None |
| 10.0% upfront |
| 33.9% - 69.6% |
| 2.9% - 24.0% |
| 0.5% - 4.4% |
| 0 |
| 78.4% - 95.7% |
| 31 - 88 |
| 47 |
| Outstanding portfolio (INR) | INR 12,800,000 |
| Portfolio (USD) | USD 241,509.43 |
| Active Clients with Loans | 1,301 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| 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 | |
| Credit insurance | x |
| Workplace visits | x |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 5,704,136 |
| Portfolio (USD) | USD 2,895,500.51 |
| Active Clients with Loans | 3,257 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| 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 | |
| Credit insurance | x |
| 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 | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Currency | INR |
| Minimum loan size | INR 25,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 10.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| 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 | 10% |
| Average grace period | DK |
| Daily | x |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 12,000 |
| Loans less than GHS 1,000 | 10% |
| GHS 1,000-5,000 | 80% |
| GHS 5,000-7,500 | 10% |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 2.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| 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 | |
| Irregular payments |
| Lowest quoted nominal interest | 16.00% |
| Highest quoted nominal interest | 16.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Documentation Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 30 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 50 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 - 15.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 42.00% |
| Highest quoted nominal interest | 42.00% |
| 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 | Application 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? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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 | 1% of total loan amount, divided and charged equally throughout loan term. |
| 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 | 0 |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | INR 25,000 |
| Loan Cycle (1, 2, 3, etc) | 3 |
| Disbursement Date | 2010-03-12 |
| Loan Term (Months) | 9.7 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 33.0% |
| Insurance Component | 0.5% |
| Tax Component | 0 |
| Deposit Component | 12.2% |
| Full APR (int fee ins tax dep) | 45.6% |
| MFIN MFI Earning (Annualised) | 33.0% |
| MFIN Cost to Borrower (Annualised) | 45.6% |
| Transparency Index | 35 |
| MFIN Transparency Index | N/A |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 700 | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 9,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2012-12-11 | 2012-12-13 | 2012-12-20 | 2012-12-20 | 2012-10-24 | 2012-05-17 | |||||
| Loan Term (Months) | 5.5 months | 7.0 months | 11.0 months | 11.0 months | 8.0 months | 25.0 months | |||||
| Grace Period (Months) | 0.5 months | 0.4 months | 0.4 months | 0.5 months | 0.4 months | 0.5 months | |||||
| Total Cost of Credit | GHS 74.10 | GHS 216.78 | GHS 620.20 | GHS 1,244.40 | GHS 2,040.44 | GHS 8,202.48 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 62.4% | 64.9% | 66.3% | 65.6% | 65.0% | 63.5% | |||||
| Fee Component | 16.6% | 11.6% | 8.4% | 8.0% | 9.4% | 4.1% | |||||
| Insurance Component | 3.1% | 2.3% | 1.7% | 1.6% | 2.0% | 0.6% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 13.6% | 13.4% | 13.0% | 12.7% | 12.9% | 10.2% | |||||
| Full APR (int fee ins tax dep) | 95.7% | 92.2% | 89.4% | 87.9% | 89.3% | 78.4% | |||||
| Transparency Index | 44 | 46 | 47 | 48 | 47 | 54 | |||||
| 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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