| Number borrowers | 5,719 |
| Loan Amount (range) | PHP 10,000 - 150,000 |
| Loan Term (range) | 1 - 12 |
| Other Services (text summary) | Business Training, Other Training, Tie-up with other agencies (DTI, TESDA) for trainings |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 100.00 upfront 3.00%-4.00% ongoing |
| Insurance | 1.50% upfront 20.00 ongoing |
| Tax | None |
| Comp Dep | 100.00 upfront 10.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 66.1% - 74.4% (Int+Fee) |
| Insurance Component | 5.1% - 72.3% |
| Tax Component Range | 0 - 1.2% |
| Full APR (int fee ins tax dep) | 79.2% - 103.5% |
| Transparency Index (min/max) | 17 - 38 |
| Transparency Index (average) | 34 |
| 200 |
| GHS 350 - 500 |
| 5 - 12 |
| Credit Educ, Group Mtgs, Business Training, Other Training, HIV/AIDS Awareness Training |
| 36.00% annual, Flat |
| 2 fees |
| None |
| None |
| 50.00 upfront |
| 63.1% - 85.2% |
| 19.8% - 29.6% |
| 0 |
| 0 |
| 125.3% - 144.2% |
| 25 - 29 |
| 26 |
| Outstanding portfolio (PHP) | PHP 75,062,850 |
| Portfolio (USD) | USD 1,795,761.96 |
| Active Clients with Loans | 5,719 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | MABS Approach |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Tie-up with other agencies (DTI, TESDA) for trainings |
| 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 | x |
| Other | 18-65 years old |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 70,000 |
| Portfolio (USD) | USD 35,532.99 |
| Active Clients with Loans | 200 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | HIV/AIDS Awareness Training |
| Other (2) | |
| 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 | x |
| Other | Must be 18+ years old |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Greater Accra Region |
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | GHS |
| Minimum loan size | GHS 350 |
| Maximum loan size | GHS 500 |
| 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 |
| Shortest loan term | 5.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 90% |
| Average grace period | 8.0 months |
| 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 |
| 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? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Notarial Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 100 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 4% if above 18 days |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption Plan |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | MBA (Microinsurance) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 10.00% |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Application Fee | Processing Fee | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 10 | 10 | |
| Fixed amount - max | 10 | 15 | |
| Reason for variation | Only charged on first-cycle loans | 10 GHS for first-cycle, 15 GHS for multiple-cycle. | |
| Appears on Repayment Sched? | Yes | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | GHS 50 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | GHS 2 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | PHP 120,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 4 | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-04-20 | 2010-11-30 | 2011-07-06 | 2011-01-20 | 2010-12-15 | ||||
| Loan Term (Months) | 5.6 months | 8.4 months | 11.2 months | 4.7 months | 11.2 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 | 74.4% | 71.0% | 66.3% | 68.4% | 66.1% | ||||
| Insurance Component | 18.9% | 10.7% | 6.5% | 9.0% | 5.1% | ||||
| Tax Component | 0.0% | 0.0% | 0.2% | 1.2% | 0.7% | ||||
| Deposit Component | 10.2% | 8.6% | 7.5% | 7.0% | 7.3% | ||||
| Full APR (int fee ins tax dep) | 103.5% | 90.3% | 80.5% | 85.6% | 79.2% | ||||
| Transparency Index | 29 | 33 | 37 | 35 | 38 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 350 | GHS 400 | GHS 500 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
| Disbursement Date | 2012-10-26 | 2013-04-19 | 2013-04-12 | ||
| Loan Term (Months) | 4.8 months | 4.0 months | 5.1 months | ||
| Grace Period (Months) | 0.1 months | 0.2 months | 0.0 months | ||
| Total Cost of Credit | GHS 72.20 | GHS 68 | GHS 120 | ||
| True Price by Comp | |||||
| Interest price component | 67.7% | 63.1% | 85.2% | ||
| Fee Component | 29.6% | 29.2% | 19.8% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 46.9% | 33.0% | 32.2% | ||
| Full APR (int fee ins tax dep) | 144.2% | 125.3% | 137.2% | ||
| Transparency Index | 25 | 29 | 26 | ||
| 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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