2. MicrofinPlus Gh
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Micro Options
Please note that the information you are viewing is 119 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 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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Institution

Micro Options Mohallah Hussainiya, Thaneel RoadChakwal, Punjab
Data approved: 2015-05-05
Data version: 2
Age of data: 119 months
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Product

M-Hope Product 1 of 1 « Prev | Next »

Product

Commerce Loan Product 3 of 5 « Prev | Next »

Product Summary

Number borrowers975
Loan Amount (range)GHS 50 - 2,000
Loan Term (range)3 - 6
Other Services (text summary)
Annual Interest & Method45.00%-0.00% annual, Flat
Fees
Insurance
Tax
Comp Dep
Range of pricing 
Interest Price ComponentN/A
Fee Component67.5% - 68.0% (Int+Fee)
Insurance Component4.2%
Tax Component Range0
Full APR (int fee ins tax dep)86.9% - 87.7%
Transparency Index (min/max)51 - 52
Transparency Index (average)51

Product Summary

1,813
PKR 5,000 - 30,000
12
Group Mtgs, Tech Asst Visits, Other Training
26.0%-31.0% annual, Decl Bal
3.00% upfront
None
None
N/A
 
28.5% - 30.5%
4.2% - 5.8%
0
0
33.8% - 36.3%
72 - 79
74

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 281,000
Portfolio (USD)USD 187,333
Active Clients with Loans975
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help group
OtherVillage 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 generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Othershould be engaged in an income generating activit
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherFinancial Literacy Training , Malaria prevention
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
OtherMain 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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 25,236,755
Portfolio (USD)USD 247,824.93
Active Clients with Loans1,813
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
For Small Business
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveIslambad Capital Territory, Punjab

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size2,000
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 lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period0.5 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
CurrencyPKR
Minimum loan sizePKR 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,00020%
PKR 10,000-25,00050%
PKR 25,000-50,00030%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
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?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommittement Fee (3% per annum)Group fee (3% per annum)
% of loan amount - min1.00%1.00%
% of loan amount - max1.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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 deposited15.00% - NA
or, Fixed-amount deposited0 - NA
Deposits DURING period payments
% loan amount deposited0 - NA
or, Fixed-amount deposited0 - NA
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid4.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?
Additional Comments
Interest is paid quarterly (4% p.a.)\r

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest31.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLOAN PROCESSING FEE
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationVaries on loan size
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

M-Hope samples
Sample 1Sample 2Sample 3
Loan Amount3008001,500
Loan Cycle (1, 2, 3, etc)666
Disbursement Date2012-11-082012-11-082012-12-18
Loan Term (Months)4.9 months4.9 months4.9 months
Grace Period (Months)2.0 months2.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component67.5%67.5%68.0%
Insurance Component4.2%4.2%4.2%
Tax Component0.0%0.0%0.0%
Deposit Component15.2%15.2%15.5%
Full APR (int fee ins tax dep)86.9%86.9%87.7%
Transparency Index525251
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Commerce Loan samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 5,000 Generated 2015-06-01 11.9 months N/A PKR 1,049.89 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 10,000 Generated 2015-05-01 6.9 months N/A PKR 2,083.56 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 12,000 Generated 2015-05-01 6.9 months N/A PKR 2,500.27 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 10,000 Generated 2015-06-01 11.9 months N/A PKR 2,099.78 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 15,000 Generated 2015-05-01 6.9 months N/A PKR 3,125.34 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 15,000 Generated 2015-06-01 11.9 months N/A PKR 3,149.66 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 20,000 Generated 2015-05-01 6.9 months N/A PKR 4,167.12 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 18,000 Generated 2015-06-01 11.9 months N/A PKR 3,779.60 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 22,000 Generated 2015-05-01 6.9 months N/A PKR 4,583.84 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 20,000 Generated 2015-06-01 11.9 months N/A PKR 4,199.55 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 25,000 Generated 2015-05-01 6.9 months N/A PKR 5,208.90 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 22,000 Generated 2015-06-01 11.9 months N/A PKR 4,619.51 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 28,000 Generated 2015-05-01 6.9 months N/A PKR 5,833.97 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 25,000 Generated 2015-06-01 11.9 months N/A PKR 5,249.44 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 30,000 Generated 2015-05-01 6.9 months N/A PKR 6,250.68 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 30,000 Generated 2015-06-01 11.9 months N/A PKR 6,299.33 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
M-Hope Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Institution TypeLoan PurposeInstitutionProductCountryYearRange NumberInstitution Data VersionLoan Size (all)Full APR (int fee ins tax dep)> NaNNaNNaNNaNNaNNumber of Borrowers
Click to view Price Analysis Tool
Commerce Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeMicro OptionsInstitutionPK-041-V02-P03ProductPKCountry2015YearRange Number2Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 90040050Number of Borrowers
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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