Number borrowers | 2,004 |
Loan Amount (range) | INR 10,000 - 50,000 |
Loan Term (range) | 15 - 30 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 9.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 10.0% upfront 100.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.6% - 25.7% (Int+Fee) |
Insurance Component | 1.4% - 1.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 33.2% - 36.1% |
Transparency Index (min/max) | 25 - 47 |
Transparency Index (average) | 26 |
45,929 |
GHS 1,000 - 4,000 |
0.5 - 10 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Education |
22.00%-39.00% annual, Flat |
2 fees |
0.50%-2.00% ongoing |
None |
10.00% upfront |
46.3% - 64.7% |
6.8% - 18.2% |
2.2% - 3.1% |
0 |
84.8% - 93.1% |
22 - 52 |
24 |
Outstanding portfolio (INR) | INR 18,492,854 |
Portfolio (USD) | USD 348,921.77 |
Active Clients with Loans | 2,004 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
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 22,547,879 |
Portfolio (USD) | USD 11,445,623.86 |
Active Clients with Loans | 45,929 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | x |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Health Education |
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 | 10 |
# Regions for this product | 10 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 50,000 |
Shortest loan term | 15.0 months |
Longest loan term | 30.0 months |
Approx average | 20.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | GHS |
Minimum loan size | GHS 1,000 |
Maximum loan size | 4,000 |
Loans less than GHS 1,000 | 30% |
GHS 1,000-5,000 | 70% |
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 | 0.5 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 30% |
Between 4 and 6 months | 60% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.5 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 9.00% |
Highest quoted nominal interest | 9.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | INR 100 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 39.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
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 | Training 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? | Yes | No |
Ins 1 | |
---|---|
Description | Client Welfare Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Varies depending on loan term - 3 to 12 months. Fee is 2% p.a |
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 | 8.00% |
Maximum interest rate paid | 8.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | ||
Disbursement Date | 2010-04-12 | 2010-06-10 | 2010-05-15 | ||
Loan Term (Months) | 15.0 months | 15.0 months | 15.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 25.6% | 25.6% | 25.7% | ||
Insurance Component | 1.7% | 1.7% | 1.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 8.8% | 6.6% | 5.9% | ||
Full APR (int fee ins tax dep) | 36.1% | 33.9% | 33.2% | ||
MFIN MFI Earning (Annualised) | 25.6% | 25.6% | 25.7% | ||
MFIN Cost to Borrower (Annualised) | 36.1% | 33.9% | 33.2% | ||
Transparency Index | 25 | 27 | 27 | ||
MFIN Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,400 | GHS 1,450 | GHS 1,500 | GHS 1,600 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-12-17 | 2012-12-17 | 2013-03-22 | 2013-03-22 | |||
Loan Term (Months) | 9.0 months | 9.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
Total Cost of Credit | GHS 449.68 | GHS 465.63 | GHS 355.33 | GHS 378.81 | |||
True Price by Comp | |||||||
Interest price component | 59.5% | 59.5% | 61.7% | 61.7% | |||
Fee Component | 9.7% | 9.7% | 13.7% | 13.6% | |||
Insurance Component | 2.9% | 2.9% | 3.0% | 3.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 12.7% | 12.7% | 14.7% | 14.6% | |||
Full APR (int fee ins tax dep) | 84.8% | 84.8% | 93.1% | 93.0% | |||
Transparency Index | 26 | 26 | 24 | 24 | |||
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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