| Number borrowers | 275 |
| Loan Amount (range) | COP 35,000,000 - 84,975,000 |
| Loan Term (range) | 60 - 120 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 15.0% annual, Decl Bal |
| Fees | None |
| Insurance | 350.00-29,741.00 ongoing |
| Tax | None |
| Comp Dep | 515,000.00 upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 14.0% (Int+Fee) |
| Insurance Component | 0 - 0.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 14.9% |
| Transparency Index (min/max) | 45 - 102 |
| Transparency Index (average) | 100 |
| 519 |
| GHS 5,000 - 50,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| 36.00%-40.00% annual, Flat |
| 2 fees |
| 1.00%-4.00% ongoing |
| None |
| 10.00% upfront |
| 46.3% - 64.7% |
| 6.8% - 18.2% |
| 2.2% - 3.1% |
| 0 |
| 69.6% - 94.5% |
| 22 - 52 |
| 43 |
| Outstanding portfolio (COP) | COP 6,904,000,000 |
| Portfolio (USD) | USD 3,793,406.59 |
| Active Clients with Loans | 275 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Para compra o construcción de Vivienda. |
| Other (2) | Activo Fijo |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 3,736,210 |
| Portfolio (USD) | USD 1,896,553.30 |
| Active Clients with Loans | 519 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| 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 | |
| Other | |
| 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 | COP |
| Minimum loan size | COP 35,000,000 |
| Maximum loan size | 84,975,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 120.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 5,000 |
| Maximum loan size | 50,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 0 |
| GHS 5,000-7,500 | 40% |
| GHS 7,500-10,000 | 30% |
| GHS 10,000-13,000 | 20% |
| Greater than GHS 13,000 | 20% |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 15.02% |
| Highest quoted nominal interest | 15.02% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro contra incendio y terremoto |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 350 |
| Fixed amount - max | 29,741 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | COP 515,000 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 40.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Purpose |
| Interest rate period | Yearly |
| 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 | Training Fee | |
| % of loan amount - min | 3.50% | 0 | |
| % of loan amount - max | 3.50% | 0 | |
| OR, Fixed amount - min | 0 | 3 | |
| Fixed amount - max | 0 | 3 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | No |
| Ins 1 | |
|---|---|
| Description | Client Welfare Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Varies depending on loan term - 6 to 24 months. Fee is 2% p.a |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 8.00% |
| Maximum interest rate paid | 8.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 40,400,000 | COP 42,420,000 | COP 42,420,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-08 | 2011-04-23 | 2011-04-23 | ||
| Loan Term (Months) | 120.0 months | 120.0 months | 120.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 14.0% | 14.0% | 14.0% | ||
| Insurance Component | 0.6% | 0.6% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.3% | 0.2% | 0.2% | ||
| Full APR (int fee ins tax dep) | 14.9% | 14.9% | 14.9% | ||
| Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 6,000 | GHS 8,500 | GHS 18,000 | GHS 15,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-04 | 2013-02-18 | 2013-02-01 | 2013-03-08 | |||
| Loan Term (Months) | 8.0 months | 6.0 months | 13.0 months | 13.0 months | |||
| Grace Period (Months) | 0.4 months | 0.5 months | 0.5 months | 0.5 months | |||
| Total Cost of Credit | GHS 1,361 | GHS 2,052.62 | GHS 8,340.96 | GHS 6,900 | |||
| True Price by Comp | |||||||
| Interest price component | 46.3% | 63.5% | 61.2% | 60.9% | |||
| Fee Component | 10.3% | 13.1% | 6.8% | 6.8% | |||
| Insurance Component | 2.2% | 3.1% | 2.8% | 2.8% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 10.8% | 14.8% | 12.3% | 12.3% | |||
| Full APR (int fee ins tax dep) | 69.6% | 94.5% | 83.1% | 82.8% | |||
| Transparency Index | 52 | 38 | 43 | 43 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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