Number borrowers | 869 |
Loan Amount (range) | GHS 300 - 10,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | |
Annual Interest & Method | 32.00%-0.00% annual, Flat |
Fees | |
Insurance | |
Tax | |
Comp Dep | |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 61.9% - 68.3% (Int+Fee) |
Insurance Component | 0 - 4.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 125.3% - 150.0% |
Transparency Index (min/max) | 21 - 31 |
Transparency Index (average) | 23 |
38,960 |
BOB 400 - 80,000 |
1 - 18 |
Credit Ins |
26.0%-30.5% annual, Decl Bal |
None |
0.07%-1.17% upfront 0.07%-1.17% ongoing |
None |
N/A |
15.6% - 29.5% |
0 |
0.7% - 1.1% |
0 |
26.9% - 30.4% |
52 - 98 |
90 |
Outstanding portfolio (GHS) | GHS 880,992 |
Portfolio (USD) | USD 587,328 |
Active Clients with Loans | 869 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Capacity building training |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 123,167,793 |
Portfolio (USD) | USD 18,247,080.44 |
Active Clients with Loans | 38,960 |
Approximate % Female Clients | 60% - 80% |
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 | x |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Currency | GHS |
Minimum loan size | GHS 300 |
Maximum loan size | 10,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | BOB |
Minimum loan size | BOB 400 |
Maximum loan size | 80,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 18.0 months |
Approx average | 7.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 60% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 15% |
Longer than 18 months | 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 |
Lowest quoted nominal interest | 32.00% |
Highest quoted nominal interest | 32.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
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 | 33.30% - 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 | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 30.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen anticipado |
% of loan amount - min | 0.07% |
% of loan amount - max | 1.17% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 0.07% |
% of loan amount - max | 1.17% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 0.065% per month, charged on the outstanding loan principal. |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 600 | GHS 1,800 | GHS 3,000 | GHS 6,000 | GHS 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | 3 | 5 | Not Known | |||||
Disbursement Date | 2012-11-16 | 2013-03-01 | 2012-12-13 | 2013-02-20 | 2012-11-08 | 1900-01-00 | |||||
Loan Term (Months) | 5.6 months | 7.5 months | 5.8 months | 7.5 months | 8.2 months | 12.4 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 | 64.8% | 62.2% | 68.0% | 61.9% | 68.3% | 63.7% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 70.7% | 63.9% | 79.8% | 63.4% | 81.7% | 67.4% | |||||
Full APR (int fee ins tax dep) | 135.4% | 126.1% | 147.8% | 125.3% | 150.0% | 131.0% | |||||
Transparency Index | 24 | 25 | 22 | 26 | 21 | 24 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 400 | BOB 1,500 | BOB 5,000 | BOB 6,000 | BOB 14,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-08-29 | 2013-08-29 | 2013-09-17 | 2013-07-22 | 2013-07-18 | ||||
Loan Term (Months) | 5.8 months | 5.8 months | 8.0 months | 9.0 months | 5.6 months | ||||
Grace Period (Months) | 0.2 months | 0.2 months | -0.1 months | 0.4 months | 0.0 months | ||||
Total Cost of Credit | BOB 33.45 | BOB 124.09 | BOB 515.02 | BOB 782.63 | BOB 970.18 | ||||
True Price by Comp | |||||||||
Interest price component | 29.3% | 29.3% | 26.1% | 29.5% | 26.2% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 1.0% | 1.0% | 0.8% | 0.9% | 1.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 30.3% | 30.3% | 26.9% | 30.4% | 27.2% | ||||
Transparency Index | 86 | 86 | 97 | 86 | 96 | ||||
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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