Number borrowers | 36,543 |
Loan Amount (range) | INR 5,000 - 50,000 |
Loan Term (range) | 12 - 60 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 19.2% annual, Decl Bal |
Fees | 2.00%-3.00% upfront |
Insurance | 55.00-500.00 upfront |
Tax | None |
Comp Dep | 20.0% upfront 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 20.2% - 20.6% (Int+Fee) |
Insurance Component | 1.2% - 1.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 31.0% - 37.2% |
Transparency Index (min/max) | 52 - 62 |
Transparency Index (average) | 58 |
11,440 |
GHS 200 - 12,000 |
12 - 36 |
Credit Ins, Tech Asst Visits |
25.50%-38.00% annual, Decl Bal |
4.00% upfront |
1.50% upfront |
None |
N/A |
42.5% - 75.6% |
4.5% - 11.1% |
1.7% - 3.8% |
0 |
48.8% - 65.3% |
44 - 66 |
45 |
Outstanding portfolio (INR) | INR 315,140,368 |
Portfolio (USD) | USD 5,946,044.68 |
Active Clients with Loans | 36,543 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
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 | |
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 10,899,423.83 |
Portfolio (USD) | USD 5,532,702.45 |
Active Clients with Loans | 11,440 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Western Region |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 12.0 months |
Longest loan term | 60.0 months |
Approx average | 23.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 200 |
Maximum loan size | 12,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 20% |
Greater than GHS 13,000 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 40% |
Longer than 18 months | 0 |
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 |
Lowest quoted nominal interest | 19.20% |
Highest quoted nominal interest | 19.20% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
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 | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 55 |
Fixed amount - max | 500 |
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 | 20.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | INR 50 - N/A |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 25.50% |
Highest quoted nominal interest | 38.00% |
Reason(s) why interest rate varies | Duration of Loan |
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 | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 30,000 | INR 40,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 3 | 3 | ||||
Disbursement Date | 2010-07-17 | 2010-04-15 | 2010-04-15 | 2010-04-15 | 2010-04-15 | ||||
Loan Term (Months) | 20.0 months | 20.0 months | 20.0 months | 20.0 months | 25.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 20.6% | 20.5% | 20.5% | 20.5% | 20.2% | ||||
Insurance Component | 1.4% | 1.2% | 1.2% | 1.4% | 1.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 15.3% | 11.5% | 10.1% | 9.7% | 9.5% | ||||
Full APR (int fee ins tax dep) | 37.2% | 33.2% | 31.7% | 31.6% | 31.0% | ||||
MFIN MFI Earning (Annualised) | 20.6% | 20.5% | 20.5% | 20.5% | 20.2% | ||||
MFIN Cost to Borrower (Annualised) | 37.2% | 33.2% | 31.7% | 31.6% | 31.0% | ||||
Transparency Index | 52 | 58 | 60 | 61 | 62 | ||||
MFIN Transparency Index | N/A | N/A | N/A | N/A | 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 8,500 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-12-25 | 2013-01-25 | 2013-01-25 | 2013-01-25 | 2013-02-28 | 2012-11-30 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 15.0 months | 24.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 112.50 | GHS 262.50 | GHS 594.43 | GHS 1,695 | GHS 3,390 | GHS 4,802.55 | |||||
True Price by Comp | |||||||||||
Interest price component | 53.5% | 53.7% | 46.3% | 42.6% | 42.5% | 42.7% | |||||
Fee Component | 8.3% | 8.3% | 6.8% | 4.5% | 4.6% | 4.6% | |||||
Insurance Component | 3.2% | 3.3% | 2.7% | 1.8% | 1.7% | 1.8% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 65.0% | 65.3% | 55.8% | 48.9% | 48.8% | 49.1% | |||||
Transparency Index | 49 | 49 | 57 | 65 | 66 | 52 | |||||
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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