Outstanding portfolio (TZS) | TZS 586,342,567 |
Portfolio (USD) | USD 368,768.91 |
Active Clients with Loans | 2,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 7 |
Regions Active | Dodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga |
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 1,000,000 |
Loans less than TZS 350,000 | 90% |
TZS 350,000-1,250,000 | 10% |
TZS 1,250,000-2,000,000 | 0 |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | No Variation |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 8.00% |
% of loan amount - max | 8.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insuarance |
% 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? | Yes |
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 | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | TZS 250,000 | TZS 300,000 | TZS 350,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-02-12 | 2014-01-09 | 2014-04-01 | ||
Loan Term (Months) | 6.0 months | 7.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | TZS 100,000 | TZS 120,000 | TZS 175,000 | ||
True Price by Comp | |||||
Interest price component | 52.9% | 45.2% | 51.2% | ||
Fee Component | 16.9% | 14.4% | 12.7% | ||
Insurance Component | 4.4% | 3.8% | 3.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 7.7% | 6.5% | 6.6% | ||
Full APR (int fee ins tax dep) | 81.9% | 69.9% | 73.9% | ||
Transparency Index | 73 | 86 | 81 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | http://www.opportunityghana.com/ |
Year established | 2004 |
Head of Institution | Cosmus Juma Kowuoche |
Regions active | 0 |
# Branches | 20 |
Total Portfolio (nat'l) | GHS 24,784,265 |
Total Portfolio (USD) | USD 16,522,843.33 |
Active clients with loans | 41,836 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Opportunity International USA |
Funders | Opportunity Microfinance Investment Ltd, Opportunity Transformation Investment, Sinapi Aba Trust, Oikocredit |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | GHS 2,422 - 7,063 | 4 - 8 | 20% - 40% | 0% - 20% | Business, Farming | Women, Men, Specific age group, Farmers | Credit Educ | |||||||
Salary Loan | GHS 200 - 7,808 | 6 - 24 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins | |||||||
Group Loan | GHS 145 - 4,000 | 3 - 12 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Individual Loan | GHS 500 - 30,300 | 2 - 24 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Ins | |||||||
ISME / Edufinance | GHS 2,000 - 101,000 | 10 - 37 | 20% - 40% | 80% - 100% | Business, Education | Women, Men, Have business | Tech Asst Visits, Business Training | |||||||
Susu Loan | GHS 151 - 10,700 | 3 - 12 | 40% - 60% | 0% - 20% | Business | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 44.3% - 44.4% | 52% - 52.1% | 69 | ||||||||
Salary Loan | 0.0%-42.0% annual, Decl Bal | 2 Fees | 0 Ins | None | 10.0% upfront | 45.5% - 49.1% | 54.9% - 61.5% | 0 | ||||||||
Group Loan | 41.0% annual, Flat | 2 Fees | 1 Ins | None | 15.0% upfront | 56.7% - 122% | 76.9% - 161.4% | 32 | ||||||||
Individual Loan | 42.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 73.7% - 77.5% | 88.7% - 97.2% | 45 | ||||||||
ISME / Edufinance | 33.2%-51.0% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 44.6% - 67.3% | 46.3% - 69.4% | 57 | ||||||||
Susu Loan | 33.2%-39.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 63.6% - 71.7% | 77.8% - 89.1% | 39 |
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |