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Institution
Data approved: 2011-12-07
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (GHS) | GHS 281,000 |
Portfolio (USD) | USD 187,333 |
Active Clients with Loans | 975 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | |
Solidarity group | |
Village banking | |
Self help group | |
Other | Village Banking methodology\r |
Description
translated as hope for women, groups trained for Five weeks, provide credit basing soladirity quarantee\r
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | should be engaged in an income generating activit |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Financial Literacy Training , Malaria prevention |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Main focus is on women but men are acceptable upto 20% of the total group number |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 2,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace Period
Grace period usage | 100% |
Average grace period | 0.5 months |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 45.00% |
Highest quoted nominal interest | 45.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Committement Fee (3% per annum) | | Group fee (3% per annum) |
% of loan amount - min | 1.00% | | 1.00% |
% of loan amount - max | 1.00% | | 1.00% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | | | |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Insurance Fees |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 15.00% - NA |
or, Fixed-amount deposited | 0 - NA |
Deposits DURING period payments
% loan amount deposited | 0 - NA |
or, Fixed-amount deposited | 0 - NA |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | |
Additional Comments
Interest is paid quarterly (4% p.a.)\r
Full Pricing Data
M-Hope samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | 300 | | 800 | | 1,500 |
Loan Cycle (1, 2, 3, etc) | 6 | | 6 | | 6 |
Disbursement Date | 2012-11-08 | | 2012-11-08 | | 2012-12-18 |
Loan Term (Months) | 4.9 months | | 4.9 months | | 4.9 months |
Grace Period (Months) | 2.0 months | | 2.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | |
Interest and Fee Component | 67.5% | | 67.5% | | 68.0% |
Insurance Component | 4.2% | | 4.2% | | 4.2% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 15.2% | | 15.2% | | 15.5% |
Full APR (int fee ins tax dep) | 86.9% | | 86.9% | | 87.7% |
Transparency Index | 52 | | 52 | | 51 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |