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Institution
Data approved: 2013-04-29
Data version: 2
Age of data: 138 months
Key Statistics
Outstanding portfolio (GHS) | GHS 15,000 |
Portfolio (USD) | USD 7,614.21 |
Active Clients with Loans | 52 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other | |
Description
Designed for groups of mainly rural women to access credit.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | must be in a group and in the community |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Loan Conditions
Loan Amount
Currency | GHS |
Minimum loan size | GHS 120 |
Maximum loan size | GHS 250 |
Distribution at Disbursement (Est.)
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Distribution at Disbursement (Est.)
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
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Pass Book Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1 |
Fixed amount - max | 1 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | GHS 1 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Savings amount can be higher than GHS 1 per week, if group/borrower choses.
Full Pricing Data
Microfinance Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | GHS 150 | | GHS 200 | | GHS 400 |
Loan Cycle (1, 2, 3, etc) | 5 | | 5 | | 5 |
Disbursement Date | 2013-03-19 | | 2013-03-19 | | 2013-03-19 |
Loan Term (Months) | 3.7 months | | 3.7 months | | 3.7 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | GHS 16 | | GHS 21 | | GHS 41 |
True Price by Comp | | | | | |
Interest price component | 59.4% | | 59.4% | | 59.4% |
Fee Component | 4.2% | | 3.1% | | 1.5% |
Insurance Component | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 5.9% | | 4.3% | | 2.1% |
Full APR (int fee ins tax dep) | 69.5% | | 66.8% | | 63.0% |
Transparency Index | 43 | | 45 | | 48 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Microfinance Loan Price Graphs