| Number borrowers | 2,163 |
| Loan Amount (range) | AZN 300 - 3,000 |
| Loan Term (range) | 3 - 18 |
| Other Services (text summary) | Business Training, Other Training |
| Annual Interest & Method | 28.8%-34.8% annual, Decl Bal |
| Fees | 2.00%-3.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 28.3% - 30.8% |
| Fee Component | 2.7% - 3.9% |
| Insurance Component | 1.4% - 2.0% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 36.5% - 36.6% |
| Transparency Index (min/max) | 78 - 89 |
| Transparency Index (average) | 79 |
| 10,729 |
| GHS 800 - 8,500 |
| 4 - 12 |
| Group Mtgs, Credit Ins, Business Training, Other Training |
| 39.00%-52.00% annual, Flat |
| 2 fees |
| 0.70% upfront |
| None |
| 15.00%-20.00% upfront |
| 36.2% - 87.6% |
| 6.9% - 20.2% |
| 1.1% - 4.7% |
| 0 |
| 119.1% - 182.5% |
| 21 - 71 |
| 24 |
| Outstanding portfolio (AZN) | AZN 1,566,795 |
| Portfolio (USD) | USD 2,008,711.54 |
| Active Clients with Loans | 2,163 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Ganja-Qazakh, Shaki-Zaqatala |
| Outstanding portfolio (GHS) | GHS 3,043,035.62 |
| Portfolio (USD) | USD 1,544,688.13 |
| Active Clients with Loans | 10,729 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | x |
| Other | Must be resident in community near branch for at least on year |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 10 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
| Currency | AZN |
| Minimum loan size | AZN 300 |
| Maximum loan size | 3,000 |
| Loans less than AZN 1,000 | 60% |
| AZN 1,000-5,000 | 40% |
| AZN 5,000-8,000 | 0 |
| AZN 8,000-11,000 | 0 |
| AZN 11,000-14,000 | 0 |
| Greater than AZN 14,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 4.0 months |
| Daily | |
| Weekly | |
| 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 800 |
| Maximum loan size | 8,500 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 2.90% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 4.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Client Risk |
| Interest rate period | 4 Weeks |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application and Pass Book Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 2 | |
| Fixed amount - max | 0 | 4 | |
| Reason for variation | N/A | Fee varies based on geographic location client. | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.70% |
| % of loan amount - max | 0.70% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Includes life cover only. Do not cover clients above age 64. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | AZN 600 | AZN 2,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2014-06-12 | 2014-05-13 | |
| Loan Term (Months) | 12.0 months | 12.0 months | |
| Grace Period (Months) | 0.1 months | 0.0 months | |
| Total Cost of Credit | AZN 124.16 | AZN 413.88 | |
| True Price by Comp | |||
| Interest price component | 30.7% | 30.6% | |
| Fee Component | 3.9% | 3.9% | |
| Insurance Component | 2.0% | 2.0% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 36.6% | 36.5% | |
| Transparency Index | 79 | 79 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 800 | GHS 1,600 | GHS 3,000 | GHS 6,200 | GHS 8,250 | ||||
| Loan Cycle (1, 2, 3, etc) | 2 | Not Known | 1 | 1 | 4 | ||||
| Disbursement Date | 2012-12-05 | 2012-11-12 | 2012-11-13 | 2012-12-21 | 2012-12-20 | ||||
| Loan Term (Months) | 3.9 months | 4.7 months | 3.7 months | 3.7 months | 5.6 months | ||||
| Grace Period (Months) | -0.1 months | 0.1 months | 0.0 months | 0.2 months | 0.0 months | ||||
| Total Cost of Credit | GHS 144.60 | GHS 382.20 | GHS 534 | GHS 1,224.35 | GHS 1,793.25 | ||||
| True Price by Comp | |||||||||
| Interest price component | 65.4% | 86.4% | 82.1% | 87.6% | 68.1% | ||||
| Fee Component | 17.4% | 15.9% | 20.2% | 18.7% | 13.1% | ||||
| Insurance Component | 3.7% | 3.5% | 4.7% | 4.4% | 3.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 32.6% | 64.3% | 75.5% | 68.3% | 54.8% | ||||
| Full APR (int fee ins tax dep) | 119.1% | 170.1% | 182.5% | 179.0% | 139.0% | ||||
| Transparency Index | 33 | 23 | 21 | 22 | 28 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
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| # 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 |
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