| Outstanding portfolio (INR) | INR 27,742,077 |
| Portfolio (USD) | USD 523,435.42 |
| Active Clients with Loans | 22,097 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Jagruthi- Client Education Series |
| Other (2) | Socio-Economic Development Workshop |
| 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 | |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | The member must have availed IGL-Pragati at least once.New members eligible after 6 months from the date of becoming the member |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Karnataka, Maharashtra, Tamil Nadu |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 5,000 |
| Loans less than INR 5,000 | 100% |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 11.6 months |
| Longest loan term | 12.1 months |
| Approx average | 12.1 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 | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| 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 | Insurance Fees |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 26 |
| Fixed amount - max | 77 |
| Reason for variation | Premium For Member (In case the member has no spouse or if spouse is not eligible for coverage, only member should be covered under the scheme)-Rs 26, Premium for member and spouse-Rs 77 |
| Appears on Repayment Sched? | 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? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 5,000 | INR 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-25 | 2013-04-25 | 2013-04-25 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | INR 722.18 | INR 722.18 | INR 722.18 | ||
| True Price by Comp | |||||
| Interest price component | 22.1% | 22.1% | 22.1% | ||
| Fee Component | 2.1% | 2.1% | 2.1% | ||
| Insurance Component | 3.2% | 3.2% | 3.2% | ||
| Tax Component | 0.2% | 0.2% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 27.6% | 27.6% | 27.6% | ||
| MFIN MFI Earning (Annualised) | 24.2% | 24.2% | 24.2% | ||
| MFIN Cost to Borrower (Annualised) | 27.6% | 27.6% | 27.6% | ||
| Transparency Index | 80 | 80 | 80 | ||
| MFIN Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.cedefgh.wix.com/cedef |
| Year established | 2006 |
| Head of Institution | Magnus Amoa-Bosompem |
| Regions active | Greater Accra Region, Central Region, Eastern Region |
| # Branches | 1 |
| Total Portfolio (nat'l) | GHS 106,980 |
| Total Portfolio (USD) | USD 54,304.57 |
| Active clients with loans | 535 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | ASSFIN, GHAMFIN, Financieros sin Fronteras |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Production Credit | GHS 1,000 - 1,000 | 8 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Must have farming experience | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Training on Agricultural Best Practices | |||||||
| Apprenticeship Start-up Credit Program | GHS 500 - 1,000 | 6 - 12 | 80% - 100% | 40% - 60% | Business, Start-up businesses | Women, Men, Specific age group, Must be in youth age group | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Efficient Energy Credit Program | GHS 200 - 1,000 | 3 - 6 | 80% - 100% | 0% - 20% | Consumer | Women, Men | Credit Educ, Group Mtgs, Tech Asst Visits, Workshop/training orientation demonstration | |||||||
| Micro Enterprise Development | GHS 100 - 3,000 | 6 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agricultural Production Credit | 30.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 23.8% - 25.1% | 23.8% - 25.1% | 100 | ||||||||
| Apprenticeship Start-up Credit Program | 48.00%-54.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 40.5% - 41.9% | 40.5% - 41.9% | 100 | ||||||||
| Efficient Energy Credit Program | 36.00%-54.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 49.8% | 49.8% | 72 | ||||||||
| Micro Enterprise Development | 36.00%-54.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 40.8% - 41.5% | 40.8% - 41.5% | 87 |
| 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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