| Number borrowers | 1,068 |
| Loan Amount (range) | GHS 50 - 2,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Other Training, Malaria prevention training |
| Annual Interest & Method | 45.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 2.00% ongoing |
| Tax | None |
| Comp Dep | 15.00% upfront |
| Range of pricing | |
| Interest Price Component | 76.2% - 80.5% |
| Fee Component | 10.2% - 10.8% |
| Insurance Component | 9.4% - 9.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 124.3% - 133.3% |
| Transparency Index (min/max) | 34 - 36 |
| Transparency Index (average) | 35 |
| 419 |
| BOB 700 - 70,000 |
| 5 - 49.7 |
| Credit Educ, Credit Ins |
| 19.0% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 16.3% - 36.0% |
| 0 |
| 0 |
| 0 |
| 18.8% - 19.4% |
| 51 - 101 |
| 99 |
| Outstanding portfolio (GHS) | GHS 441,908.06 |
| Portfolio (USD) | USD 231,365 |
| Active Clients with Loans | 1,068 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Malaria prevention training |
| 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 | Maximum amount of men permitted in group - 20%. |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Central Region |
| Outstanding portfolio (BOB) | BOB 9,129,985 |
| Portfolio (USD) | USD 1,352,590.37 |
| Active Clients with Loans | 419 |
| 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 | x |
| 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 | 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 50 |
| Maximum loan size | 2,000 |
| Loans less than GHS 1,000 | 70% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 700 |
| Maximum loan size | 70,000 |
| Loans less than BOB 10,000 | 15% |
| BOB 10,000-40,000 | 80% |
| BOB 40,000-70,000 | 5% |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 5.0 months |
| Longest loan term | 49.7 months |
| Approx average | 35.8 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 45.00% |
| Highest quoted nominal interest | 45.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commitment Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Group Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % 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? | 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 | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 19.00% |
| Highest quoted nominal interest | 19.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,600 | ||
| Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | ||
| Disbursement Date | 2012-11-08 | 2012-11-08 | 2012-12-18 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | GHS 57.90 | GHS 115.80 | GHS 308.80 | ||
| True Price by Comp | |||||
| Interest price component | 76.2% | 76.2% | 80.5% | ||
| Fee Component | 10.2% | 10.2% | 10.8% | ||
| Insurance Component | 9.4% | 9.4% | 9.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 28.5% | 28.5% | 32.1% | ||
| Full APR (int fee ins tax dep) | 124.3% | 124.3% | 133.3% | ||
| Transparency Index | 36 | 36 | 34 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 9,000 | BOB 20,000 | BOB 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-05 | 2013-12-10 | 2014-04-01 | ||
| Loan Term (Months) | 13.0 months | 41.0 months | 24.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 1,029.29 | BOB 6,661.34 | BOB 5,937.50 | ||
| True Price by Comp | |||||
| Interest price component | 19.4% | 19.4% | 18.8% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 19.4% | 19.4% | 18.8% | ||
| Transparency Index | 98 | 98 | 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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