MicrofinPlus Ghana - M-Hope - MFTransparency.org Truth In Lending Tables

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Institution

MicrofinPlus Ghana P.o.box ok 166, Kasoa Bawijiase RoadKasoa, Central Region233

Data approved: 2011-12-07

Data version: 1

Age of data: - months

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Product

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Product Details

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)

# Borrowers by Product

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 fees

Upfront 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?

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

M-Hope Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	118
KF	233,600	41,416,000	4	117
NRSP	399,900	70,157,000	3	118
ASA	230,400	29,637,000	3	118
TMFB	221,200	85,449,000	7	118
FMFB	163,544	38,481,323	9	136
TRDP	100,000	13,817,000	3	118
PRSP	75,656	9,907,176	3	136
BRAC^P	57,300	11,869,000	3	118
SRSO	51,100	7,775,000	3	118
SSF	46,000	4,776,000	3	118
FINCA	82,000	43,559,000	9	118
JWS	36,000	6,545,000	2	118
RCDS	35,552	4,856,122	4	136
DAMEN	35,185	7,150,864	1	136
FFO	22,400	3,335,000	3	118
OLP	21,400	3,510,000	3	118
CSC	17,600	3,147,000	1	118
AMRDO	13,800	1,206,000	5	118
WMBL	13,800	6,105,000	3	118
Mojaz	13,400	2,415,000	2	118
SDF	11,500	1,041,000	4	118
POMFB	8,500	2,795,000	4	118
OPD	7,500	918,000	2	118
AGAHE	7,300	797,000	2	118
NRDP	6,184	1,521,972	3	136
GBTI	6,100	669,000	3	136
WASIL	4,300	1,135,000	2	118
Micro Options	4,000	768,000	5	118
VDO	3,900	489,000	3	136
SVDP	3,900	811,000	13	136
SRDO	3,500	766,000	4	118
OSDI	2,000	923,000	3	118
APMBL	1,800	1,401,000	3	118
BEDF	1,400	209,000	3	136
KCDO	800	94,000	1	136

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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Inst Type


By Country

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