| Number borrowers | 1,046 |
| Loan Amount (range) | KES 100,000 - 500,000 |
| Loan Term (range) | 6 - 20 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Eligible for scholarships to ISIU through Goldman Sachs 10,000 Women programme, Benefits from educational tours and fairs to display their products |
| Annual Interest & Method | 15.0% annual, Flat |
| Fees | None |
| Insurance | 8.00%-10.00% upfront |
| Tax | None |
| Comp Dep | 30.0% upfront 200.00 ongoing |
| Range of pricing | |
| Interest Price Component | |
| Fee Component | |
| Insurance Component | |
| Tax Component Range | |
| Full APR (int fee ins tax dep) | #N/A |
| Transparency Index (min/max) | |
| Transparency Index (average) | N/A |
| 7,428 |
| GHS 130 - 10,000 |
| 6 - 9 |
| Credit Educ, Credit Ins |
| 36.0% annual, Flat |
| 3.50% upfront 3.00 upfront |
| 1.00% ongoing |
| None |
| 10.0% upfront |
| 33.9% - 69.6% |
| 2.9% - 24.0% |
| 0.5% - 4.4% |
| 0 |
| 47.0% - 78.8% |
| 31 - 88 |
| 61 |
| Outstanding portfolio (KES) | KES 152,430,135 |
| Portfolio (USD) | USD 1,840,943.66 |
| Active Clients with Loans | 1,046 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Eligible for scholarships to ISIU through Goldman Sachs 10,000 Women programme |
| Other (2) | Benefits from educational tours and fairs to display their products |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Can be either to new or graduating clients |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 2,448,297 |
| Portfolio (USD) | USD 1,242,790.36 |
| Active Clients with Loans | 7,428 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Farming |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | Farmers |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 5 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region |
| Currency | KES |
| Minimum loan size | KES 100,000 |
| Maximum loan size | 500,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 20.0 months |
| Approx average | 13.0 months |
| 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 |
| Currency | GHS |
| Minimum loan size | GHS 130 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| 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 | 6.0 months |
| Longest loan term | 9.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 90% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | |
| Irregular payments |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Application & Insurance Fees |
| % of loan amount - min | 8.00% |
| % of loan amount - max | 10.00% |
| 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? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 30.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 - N/A |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application Fee | |
| % of loan amount - min | 3.50% | 0 | |
| % of loan amount - max | 3.50% | 0 | |
| OR, Fixed amount - min | 0 | 3 | |
| Fixed amount - max | 0 | 3 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% of total loan amount, divided and charged equally throughout loan term. |
| Appears on Repayment Sched? | Yes |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 297 | GHS 750 | GHS 1,530 | GHS 3,000 | GHS 5,600 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-05-04 | 2012-12-21 | 2012-05-31 | 2012-10-02 | 2012-10-12 | ||||
| Loan Term (Months) | 10.0 months | 4.9 months | 9.0 months | 10.0 months | 5.8 months | ||||
| Grace Period (Months) | 5.6 months | 2.0 months | 4.7 months | 0.4 months | 2.9 months | ||||
| Total Cost of Credit | GHS 92.10 | GHS 145.50 | GHS 424.41 | GHS 1,071.20 | GHS 1,227.81 | ||||
| True Price by Comp | |||||||||
| Interest price component | 33.9% | 41.5% | 34.8% | 57.3% | 40.1% | ||||
| Fee Component | 6.9% | 12.3% | 6.4% | 8.1% | 9.1% | ||||
| Insurance Component | 1.2% | 2.7% | 1.3% | 1.7% | 2.2% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 5.0% | 7.3% | 5.2% | 11.7% | 6.3% | ||||
| Full APR (int fee ins tax dep) | 47.0% | 63.8% | 47.7% | 78.8% | 57.7% | ||||
| Transparency Index | 77 | 56 | 75 | 46 | 62 | ||||
| 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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