| Number borrowers | 178 |
| Loan Amount (range) | BOB 35,000 - 75,000 |
| Loan Term (range) | 36 - 60 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 18.0% annual, Decl Bal |
| Fees | 6.00% ongoing |
| Insurance | None |
| Tax | 24.00 fixed |
| Comp Dep | 50.00 upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 19.0% - 19.3% (Int+Fee) |
| Insurance Component | 0 - 0.8% |
| Tax Component Range | 0.3% - 6.6% |
| Full APR (int fee ins tax dep) | 19.7% - 20.5% |
| Transparency Index (min/max) | 58 - 92 |
| Transparency Index (average) | 90 |
| 6,440 |
| KES 3,000 - 1,500,000 |
| 3 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| 20.0% annual, Flat |
| 2.00% upfront 100.00-1,000.00 upfront |
| 2.00% upfront |
| None |
| 15.0%-20.0% upfront 400.00 ongoing |
| 25.3% - 51.1% |
| 0 - 10.2% |
| 0 - 9.6% |
| 0 |
| 59.1% - 79.9% |
| 25 - 163 |
| 31 |
| Outstanding portfolio (BOB) | BOB 8,591,536 |
| Portfolio (USD) | USD 1,272,820.15 |
| Active Clients with Loans | 178 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 287,453,156.50 |
| Portfolio (USD) | USD 3,471,656.48 |
| Active Clients with Loans | 6,440 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| 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 | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| 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 | |
| Other | Must be known by the other members |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
| Currency | BOB |
| Minimum loan size | BOB 35,000 |
| Maximum loan size | 75,000 |
| Shortest loan term | 36.0 months |
| Longest loan term | 60.0 months |
| Approx average | 0 |
| 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 | KES |
| Minimum loan size | KES 3,000 |
| Maximum loan size | 1,500,000 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 30% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 10% |
| KES 350,000-450,000 | 10% |
| Greater than KES 450,000 | 10% |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 5% |
| Grace period usage | 100% |
| Average grace period | 0.3 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 | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Vida |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | M/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 | BOB 50 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 1.67% |
| Highest quoted nominal interest | 1.67% |
| 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 | Administration Fee | Disbursement Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 1,000 | |
| Reason for variation | N/A | Varies based on the method of dibursement. | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % 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 | Upfront continuing depsoit required on all loans, 15%-20% range. Continuing deposit requirement required on all loans - 400 KES per month. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 400 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 35,000 | BOB 50,000 | BOB 60,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-08-12 | 2010-09-20 | 2010-09-21 | ||
| Loan Term (Months) | 60.0 months | 60.0 months | 60.0 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 | 19.3% | 19.0% | 19.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 1.2% | 0.9% | 0.7% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 20.5% | 19.9% | 19.7% | ||
| Transparency Index | 88 | 91 | 91 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 30,000 | KES 50,000 | KES 100,128.48 | KES 300,000 | KES 500,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-08-14 | 2013-08-12 | 2013-07-29 | 2013-04-25 | 2013-04-26 | 2013-07-11 | |||||
| Loan Term (Months) | 6.0 months | 12.0 months | 9.0 months | 12.0 months | 19.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.2 months | 0.3 months | 0.3 months | 0.3 months | 0.3 months | 0.2 months | |||||
| Total Cost of Credit | KES 1,560.55 | KES 7,376.44 | KES 9,783 | KES 24,386.01 | KES 103,445.15 | KES 123,939.53 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 32.8% | 33.6% | 33.2% | 33.6% | 34.2% | 34.7% | |||||
| Fee Component | 10.1% | 4.4% | 5.3% | 4.0% | 2.8% | 3.9% | |||||
| Insurance Component | 6.9% | 4.0% | 4.9% | 3.9% | 2.8% | 3.9% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 30.1% | 21.6% | 17.4% | 22.2% | 19.3% | 20.5% | |||||
| Full APR (int fee ins tax dep) | 79.9% | 63.6% | 60.8% | 63.7% | 59.1% | 63.0% | |||||
| Transparency Index | 25 | 32 | 33 | 31 | 34 | 32 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Min | ||||||
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| By Country | ||||||
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|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| to ∞ | ||||||
