2. MicrofinPlus Gh
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. DECOF
Please note that the information you are viewing is 176 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

MicrofinPlus Ghana Head OfficeKasoa Bawijiase RoadKasoa, CentralP.O. Box 166
Data approved: 2013-03-08
Data version: 2
Age of data: 145 months
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Institution

Fundación DECOF José María Peña Nº12-35 y MercadilloLojaEC110102
Data approved: 2010-11-08
Data version: 1
Age of data: 176 months

Product

M-Hope Product 1 of 2 « Prev | Next »

Product

Microcrédito (semanal) Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers1,068
Loan Amount (range)GHS 50 - 2,000
Loan Term (range)3 - 6
Other Services (text summary)Credit Educ, Other Training, Malaria prevention training
Annual Interest & Method45.00% annual, Flat
Fees2 fees
Insurance2.00% ongoing
TaxNone
Comp Dep15.00% upfront
Range of pricing 
Interest Price Component76.2% - 80.5%
Fee Component10.2% - 10.8%
Insurance Component9.4% - 9.9%
Tax Component Range0
Full APR (int fee ins tax dep)124.3% - 133.3%
Transparency Index (min/max)34 - 36
Transparency Index (average)35

Product Summary

1,800
USD 200 - 2,000
3 - 24
Group Mtgs, Credit Ins
21.0% annual, Decl Bal
None
1.00% upfront
None
7.0% upfront 1.00 ongoing
 
N/A
22.7% - 22.8% (Int+Fee)
1.1% - 4.3%
0
28.5% - 33.0%
64 - 81
69

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 441,908.06
Portfolio (USD)USD 231,365
Active Clients with Loans1,068
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Designed for women in groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
OtherMalaria prevention training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMaximum amount of men permitted in group - 20%.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral Region

Product Details

Key Statistics
Outstanding portfolio (USD)USD 526,373
Portfolio (USD)USD 526,373
Active Clients with Loans1,800
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Microcredito destinado para iniciar o fortalecer pequeños negocios y cubrir imprevisto.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size2,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00070%
GHS 1,000-5,00030%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 200
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average10.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
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 interest45.00%
Highest quoted nominal interest45.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min0.75%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 3% per annum. Varies depending on loan term.
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionGroup Fee
% of loan amount - min0.75%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 3% per annum. Varies depending on loan term.
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
In the case of first-cycle loans, savings are accumulated over a start-up training period of 6 weeks, then deposited before receiving a loan. For multiple-cycle loans, savings is accumulated throughout the loan term of the previous cycle, then deposited before receiving a loan.

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
Descriptionseguro de desgravamen
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited7.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 1
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

M-Hope samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 600GHS 1,600
Loan Cycle (1, 2, 3, etc)666
Disbursement Date2012-11-082012-11-082012-12-18
Loan Term (Months)4.0 months4.0 months4.0 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 57.90GHS 115.80GHS 308.80
True Price by Comp     
Interest price component76.2%76.2%80.5%
Fee Component10.2%10.2%10.8%
Insurance Component9.4%9.4%9.9%
Tax Component0.0%0.0%0.0%
Deposit Component28.5%28.5%32.1%
Full APR (int fee ins tax dep)124.3%124.3%133.3%
Transparency Index363634
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Microcrédito (semanal) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 400USD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-04-152010-04-192010-05-10
Loan Term (Months)5.6 months11.2 months22.4 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component22.7%22.8%22.8%
Insurance Component4.3%2.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component6.0%5.1%4.5%
Full APR (int fee ins tax dep)33.0%30.1%28.5%
Transparency Index647074
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
M-Hope Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeMicrofinPlus GhInstitutionGH-034-V02-P01ProductGHCountry2013YearRange Number2Institution Data Version05001,0001,500Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 70030040Number of Borrowers
Click to view Price Analysis Tool
Microcrédito (semanal) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeAnyLoan PurposeDECOFInstitutionEC-025-V01-P02ProductECCountry2010YearRange Number1Institution Data Version05001,0001,5002,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 90040050Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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