Outstanding portfolio (GHS) | GHS 1,816,000 |
Portfolio (USD) | USD 1,210,667 |
Active Clients with Loans | 1,233 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | x |
Income generation | |
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 | x |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 6,000 |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 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 | 100% |
Average grace period | 6.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | Commitment 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? | Yes |
% 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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 400 | GHS 900 | GHS 1,500 | GHS 3,500 | GHS 6,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-03-21 | 2013-03-12 | 2013-03-11 | 2013-04-12 | 2013-04-12 | ||||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 16.0 months | 16.0 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 | 56.6% | 53.6% | 53.7% | 38.8% | 40.7% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 10.0% | 9.5% | 9.5% | 6.9% | 7.6% | ||||
Full APR (int fee ins tax dep) | 66.6% | 63.2% | 63.3% | 45.6% | 48.3% | ||||
Transparency Index | 45 | 48 | 47 | 66 | 62 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ACSI | 682,200 | 103,172,000 | 5 | 152 |
ADCSI | 176,100 | 30,846,000 | 2 | 153 |
BG | 47,000 | 4,048,000 | 4 | 152 |
DECSI | 361,000 | 96,304,000 | 7 | 152 |
Dire | 4,900 | 828,000 | 4 | 152 |
DMCPSC | 1,200 | 69,000 | 1 | 152 |
Eshet | 18,800 | 2,392,000 | 3 | 152 |
Harbu | 22,400 | 1,757,000 | 2 | 152 |
Meklit | 12,200 | 1,395,000 | 4 | 152 |
Metemamen | 10,500 | 650,000 | 6 | 152 |
OCSSCO | 502,700 | 69,565,000 | 3 | 152 |
OMO | 323,600 | 31,385,000 | 4 | 152 |
PEACE | 17,200 | 2,462,000 | 3 | 152 |
SFPI | 33,600 | 2,750,000 | 3 | 152 |
Sidama | 53,400 | 1,162,000 | 6 | 152 |
Wasasa | 49,300 | 5,798,000 | 4 | 152 |
Wisdom MFI | 45,300 | 5,500,000 | 6 | 149 |
Key Statistics | |
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# 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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