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 |
379 |
GHS 200 - 10,000 |
6 - 12 |
Credit Educ, Credit Ins, Savings promotion |
42.00% annual, Flat |
1.75% upfront |
1.25% upfront |
None |
20.00% upfront |
64.5% - 68.6% |
3.7% - 8.8% |
2.6% - 6.4% |
0 |
106.1% - 112.0% |
37 - 40 |
37 |
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 438,233 |
Portfolio (USD) | USD 222,453.30 |
Active Clients with Loans | 379 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | Savings promotion |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Central Region, Western Region, Volta 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 | 10,000 |
Loans less than GHS 1,000 | 50% |
GHS 1,000-5,000 | 40% |
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 | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
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 | 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 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.75% |
% of loan amount - max | 1.75% |
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 | 1.25% |
% of loan amount - max | 1.25% |
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? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
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 | 0 |
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 400 | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-12-12 | 2012-06-22 | 2013-01-23 | 2012-12-21 | 2013-01-30 | 2012-12-17 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 6.0 months | |||||
Grace Period (Months) | 0.1 months | 0.0 months | 0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 96 | GHS 192 | GHS 360 | GHS 720 | GHS 2,700 | GHS 2,400 | |||||
True Price by Comp | |||||||||||
Interest price component | 66.8% | 66.2% | 67.1% | 67.0% | 68.6% | 66.9% | |||||
Fee Component | 6.3% | 6.3% | 6.4% | 6.4% | 3.7% | 6.4% | |||||
Insurance Component | 4.6% | 4.6% | 4.6% | 4.6% | 2.6% | 4.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 33.7% | 33.7% | 33.8% | 34.0% | 31.2% | 33.8% | |||||
Full APR (int fee ins tax dep) | 111.4% | 110.8% | 111.9% | 112.0% | 106.1% | 111.7% | |||||
Transparency Index | 38 | 38 | 38 | 38 | 40 | 38 | |||||
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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