Interest rates vary by country depending on the local economy and cost of borrowing, political stability, inflation rate, product, size of loan and payment terms. The interest covers the cost of delivering the loan and related products and services including savings accounts, insurance and training. Interest on short-term, group loans typically ranges from 2 to 5 percent per month and 1 to 3 percent per month on individual loans using flat or declining balance calculations. The gross portfolio yield in 2012 was 38.7 percent (a fair approximation of the aggregate global rate). Above all, we remain committed to continuously improving the value of services to our clients and to lowering interest costs over time while ensuring that our price structure reflects our goal of maintaining financial viability and ensuring loans can be repaid and recycled again and again.