| Number borrowers | 1,211 |
| Loan Amount (range) | GHS 3,000 - 8,000 |
| Loan Term (range) | 6 - 10 |
| Other Services (text summary) | Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 36.0%-96.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | 49.7% - 53.3% |
| Fee Component | 9.3% - 18.4% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 74.9% - 78.8% |
| Transparency Index (min/max) | 44 - 53 |
| Transparency Index (average) | 47 |
| 955 |
| COP 12,440,000 - 300,000,000 |
| 6 - 59 |
| Programa Afinidad (tarjeta club finamigos) |
| 20.9%-21.6% annual, Decl Bal |
| upfront 3,500.00 upfront |
| 0.34% upfront |
| None |
| N/A |
| N/A |
| 13.7% - 23.1% (Int+Fee) |
| 0.6% - 0.8% |
| 0 |
| 14.5% - 23.8% |
| 18 - 143 |
| 100 |
| Outstanding portfolio (GHS) | GHS 2,110,130 |
| Portfolio (USD) | USD 1,071,131.98 |
| Active Clients with Loans | 1,211 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Ashanti Region |
| Outstanding portfolio (COP) | COP 27,674,508,960 |
| Portfolio (USD) | USD 15,205,774.15 |
| Active Clients with Loans | 955 |
| Approximate % Female Clients | 20% - 40% |
| 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 | Compra de mercancías, insumos, adquisición de maqu |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Programa Afinidad (tarjeta club finamigos) |
| 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 | Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 3,000 |
| Maximum loan size | 8,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 60% |
| GHS 7,500-10,000 | 10% |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 10.0 months |
| Approx average | dk |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 70% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | COP |
| Minimum loan size | COP 12,440,000 |
| Maximum loan size | 300,000,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 59.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 3.00% |
| Highest quoted nominal interest | 8.00% |
| Reason(s) why interest rate varies | Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| 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 | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | Final Pmt |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 20.85% |
| Highest quoted nominal interest | 21.60% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o Bancoldex |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | No |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | CIFIN | Comision por consulta de centrales de riesgo | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 0 | 3,500 | |
| Fixed amount - max | 50,000 | 3,500 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de vida por el monto desembolsado |
| % of loan amount - min | 0.34% |
| % of loan amount - max | 0.34% |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 3,000 | GHS 3,200 | GHS 6,500 | GHS 6,600 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-01-03 | 2013-01-15 | 2013-01-07 | 2013-03-04 | |||
| Loan Term (Months) | 4.0 months | 4.0 months | 3.0 months | 4.0 months | |||
| Grace Period (Months) | 1.2 months | 1.2 months | 0.9 months | 1.0 month | |||
| Total Cost of Credit | GHS 450 | GHS 480 | GHS 780 | GHS 990 | |||
| True Price by Comp | |||||||
| Interest price component | 51.0% | 51.0% | 50.1% | 50.7% | |||
| Fee Component | 13.9% | 13.9% | 17.9% | 13.8% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 10.4% | 10.4% | 10.8% | 10.4% | |||
| Full APR (int fee ins tax dep) | 75.3% | 75.3% | 78.8% | 74.9% | |||
| Transparency Index | 48 | 48 | 46 | 48 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 15,000,000 | COP 25,000,000 | COP 40,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-04-28 | 2011-04-20 | 2011-04-30 | ||
| Loan Term (Months) | 36.0 months | 36.0 months | 48.0 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 | 23.1% | 20.3% | 13.7% | ||
| Insurance Component | 0.8% | 0.8% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 23.8% | 21.0% | 14.5% | ||
| Transparency Index | 87 | 99 | 100 | ||
| 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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