| Number borrowers | 5,185 |
| Loan Amount (range) | PHP 500 - 1,000,000 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 36.0% annual, Flat |
| Fees | 4.00% upfront 100.00 upfront |
| Insurance | 1.50% upfront 20.00 ongoing |
| Tax | None |
| Comp Dep | 6.5% upfront 26.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 69.9% - 88.7% (Int+Fee) |
| Insurance Component | 2.2% - 83.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 83.2% - 122.6% |
| Transparency Index (min/max) | 15 - 136 |
| Transparency Index (average) | 37 |
| 273 |
| GHS 200 - 2,000 |
| 12 - 18 |
| 30.00%-0.00% annual, Flat |
| N/A |
| 61.1% (Int+Fee) |
| 0 - 3.5% |
| 0 |
| 107.2% |
| 19 - 103 |
| 27 |
| Outstanding portfolio (PHP) | PHP 91,512,080 |
| Portfolio (USD) | USD 2,189,284.21 |
| Active Clients with Loans | 5,185 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | |
| Other | Must be Coop member |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 264,561 |
| Portfolio (USD) | USD 176,374 |
| Active Clients with Loans | 273 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Farming purpose |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| 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 | A farmer |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 500 |
| Maximum loan size | 1,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| Weekly | x |
| Every 2 weeks | x |
| 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 200 |
| Maximum loan size | 2,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 18.0 months |
| Approx average | 0 |
| 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 | 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 |
| 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? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee | Notarial Fee | |
| % of loan amount - min | 4.00% | 0 | |
| % of loan amount - max | 4.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % 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, Life and Retirement Insurance |
| % 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 6.50% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 26 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| 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 | N/A |
| Required for | Some |
| Criteria | some loans take cash deposits while others have collateral of farm assets which is deposited. For those who pay cash, they have to deposit 30% of loan amount taken\r |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 30.00% - 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 | 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 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 90,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-04-30 | 2011-07-14 | 2011-07-14 | 2011-01-27 | 2011-07-14 | 2011-02-17 | |||||
| Loan Term (Months) | 6.0 months | 12.0 months | 4.0 months | 11.7 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 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 | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 88.7% | 70.1% | 80.8% | 74.5% | 69.9% | 70.6% | |||||
| Insurance Component | 19.6% | 8.3% | 10.8% | 9.5% | 4.2% | 3.9% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 14.3% | 10.7% | 9.8% | 12.7% | 9.3% | 8.6% | |||||
| Full APR (int fee ins tax dep) | 122.6% | 89.1% | 101.5% | 96.7% | 83.4% | 83.2% | |||||
| Transparency Index | 29 | 40 | 35 | 37 | 43 | 43 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 800 | GHS 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | |||||
| Disbursement Date | |||||
| Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 61.1% | 61.1% | 61.1% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 46.1% | 46.1% | 46.1% | ||
| Full APR (int fee ins tax dep) | 107.2% | 107.2% | 107.2% | ||
| Transparency Index | 28 | 28 | 28 | ||
| 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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| to ∞ | ||||||
