Number borrowers | 165,464 |
Loan Amount (range) | ETB 700 - 1,000,000 |
Loan Term (range) | 7 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
Annual Interest & Method | 10.0% annual, Flat |
Fees | 2.00% ongoing |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 5.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 17.7% - 19.9% (Int+Fee) |
Insurance Component | 1.3% - 1.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.5% - 23.1% |
Transparency Index (min/max) | 42 - 50 |
Transparency Index (average) | 45 |
59 |
GHS 200 - 7,808 |
6 - 24 |
Credit Educ, Credit Ins |
0.0%-42.0% annual, Decl Bal |
3.00% upfront 3.00 upfront |
None |
None |
10.0% upfront |
N/A |
45.5% - 49.1% (Int+Fee) |
1.2% - 6.1% |
0 |
54.9% - 61.5% |
0 - 72 |
0 |
Outstanding portfolio (ETB) | ETB 516,753,605 |
Portfolio (USD) | USD 28,084,435.05 |
Active Clients with Loans | 165,464 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
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 | x |
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 60,183 |
Portfolio (USD) | USD 40,122 |
Active Clients with Loans | 59 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | ETB |
Minimum loan size | ETB 700 |
Maximum loan size | 1,000,000 |
Shortest loan term | 7.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 90% |
Average grace period | 2.0 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 200 |
Maximum loan size | 7,808 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 14.0 months |
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 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 | |
Irregular payments |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 10.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% 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 | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 0 |
Highest quoted nominal interest | 42.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing fee | Application fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | |||
Appears on Repayment Sched? | No | No |
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 | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% - N/A |
or, Fixed-amount deposited | 0 - N/A |
% loan amount deposited | 0 - N/A |
or, Fixed-amount deposited | 0 - N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | ETB 2,500 | ETB 3,000 | ETB 5,000 | ETB 10,000 | ETB 24,000 | ETB 30,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-08-16 | 2011-08-26 | 2011-08-09 | 2011-08-12 | 2011-09-05 | 2011-08-17 | |||||
Loan Term (Months) | 23.0 months | 24.0 months | 24.0 months | 29.0 months | 31.0 months | 31.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 19.9% | 18.4% | 19.8% | 19.4% | 19.3% | 17.7% | |||||
Insurance Component | 1.6% | 1.4% | 1.5% | 1.4% | 1.4% | 1.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 1.6% | 1.4% | 1.6% | 1.6% | 1.5% | 1.4% | |||||
Full APR (int fee ins tax dep) | 23.1% | 21.3% | 22.9% | 22.4% | 22.3% | 20.5% | |||||
Transparency Index | 43 | 47 | 44 | 45 | 45 | 49 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 250 | GHS 768.67 | GHS 1,530.14 | GHS 3,600 | GHS 7,807.74 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-11-16 | 2012-10-10 | 2012-09-28 | 2012-06-14 | 2012-09-27 | ||||
Loan Term (Months) | 16.0 months | 12.0 months | 12.0 months | 24.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 48.9% | 49.1% | 48.7% | 45.5% | 48.4% | ||||
Insurance Component | 1.7% | 2.2% | 2.2% | 1.2% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 9.9% | 10.2% | 10.1% | 8.3% | 10.0% | ||||
Full APR (int fee ins tax dep) | 60.5% | 61.5% | 61.0% | 54.9% | 60.6% | ||||
Transparency Index | 0 | 0 | 0 | 0 | 0 | ||||
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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By Country | ||||||
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