| Number borrowers | 2,400 |
| Loan Amount (range) | PHP 1,380 - 1,380 |
| Loan Term (range) | 4 - 8 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 18.0% annual, Flat |
| Fees | 3.00% upfront 100.00 upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 100.00 upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 34.1% (Int+Fee) |
| Insurance Component | 4.5% - 5.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 45.2% |
| Transparency Index (min/max) | 20 - 88 |
| Transparency Index (average) | 40 |
| 342 |
| GHS 100 - 30,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 60.00% annual, Flat |
| 1.50% upfront |
| 1.00% upfront |
| None |
| 5.00%-50.00% upfront |
| 97.5% - 105.2% |
| 5.8% - 8.5% |
| 3.9% - 5.9% |
| 0 |
| 194.6% - 373.8% |
| 16 - 31 |
| 22 |
| Outstanding portfolio (PHP) | PHP 1,863,000 |
| Portfolio (USD) | USD 44,569.38 |
| Active Clients with Loans | 2,400 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Life Insurance |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | 18-64 y.o |
| Other (2) | CI/BI |
| Outstanding portfolio (GHS) | GHS 568,292 |
| Portfolio (USD) | USD 288,473.10 |
| Active Clients with Loans | 342 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Greater Accra Region |
| Currency | PHP |
| Minimum loan size | PHP 1,380 |
| Maximum loan size | 1,380 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 8.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| 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 100 |
| Maximum loan size | 30,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 70% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 15% |
| Greater than GHS 13,000 | 15% |
| 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 | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | x |
| 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 | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Charge | Notarial Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| 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 | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 | Some |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 5.00% - 50.00% |
| 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 | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 1,380 | PHP 1,380 | PHP 1,380 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-07-14 | 2011-05-16 | 2011-07-06 | ||
| Loan Term (Months) | 8.0 months | 8.0 months | 8.0 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 | 34.1% | 34.1% | 34.1% | ||
| Insurance Component | 5.1% | 5.1% | 5.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 6.1% | 6.1% | 6.1% | ||
| Full APR (int fee ins tax dep) | 45.2% | 45.2% | 45.2% | ||
| Transparency Index | 40 | 40 | 40 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,500 | GHS 3,000 | GHS 8,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-02-20 | 2012-12-12 | 2013-01-11 | 2013-02-11 | 2012-11-28 | ||||
| Loan Term (Months) | 5.8 months | 6.0 months | 5.8 months | 4.0 months | 5.9 months | ||||
| Grace Period (Months) | 0.2 months | 0.5 months | 0.2 months | 0.3 months | 0.3 months | ||||
| Total Cost of Credit | GHS 97.50 | GHS 195 | GHS 487.50 | GHS 675 | GHS 2,600 | ||||
| True Price by Comp | |||||||||
| Interest price component | 105.2% | 97.5% | 105.2% | 100.9% | 104.1% | ||||
| Fee Component | 6.4% | 5.8% | 6.4% | 8.5% | 6.2% | ||||
| Insurance Component | 4.2% | 3.9% | 4.2% | 5.9% | 4.2% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 159.4% | 150.5% | 258.0% | 127.9% | 80.1% | ||||
| Full APR (int fee ins tax dep) | 275.2% | 257.7% | 373.8% | 243.2% | 194.6% | ||||
| Transparency Index | 22 | 23 | 16 | 25 | 31 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
