| Number borrowers | 1,226 |
| Loan Amount (range) | USD 500 - 105,000 |
| Loan Term (range) | 3 - 60 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 13.0%-36.0% annual, Decl Bal |
| Fees | 0.80%-3.00% upfront |
| Insurance | 0.17%-3.30% ongoing |
| Tax | 15.00% Principal |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 15.6% - 32.0% |
| Fee Component | 0.5% - 4.2% |
| Insurance Component | 0 - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 26.0% - 29.3% |
| Transparency Index (min/max) | 44 - 80 |
| Transparency Index (average) | 47 |
| 2,912 |
| KES 3,000 - 78,000 |
| 6 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Home-based care training, HIV/AIDS counseling |
| 18.0%-36.0% annual, Flat |
| 1,000.00 upfront |
| 400.00-0.00 ongoing |
| None |
| 20.0% upfront 200.00 ongoing |
| 34.7% - 65.7% |
| 4.0% - 59.3% |
| 5.4% - 18.8% |
| 0 |
| 110.0% - 232.9% |
| 8 - 16 |
| 11 |
| Outstanding portfolio (USD) | USD 15,738,214.84 |
| Portfolio (USD) | USD 15,738,214.84 |
| Active Clients with Loans | 1,226 |
| Approximate % Female Clients | 0% - 20% |
| 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 | 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
| Outstanding portfolio (KES) | KES 29,500,723 |
| Portfolio (USD) | USD 356,288.93 |
| Active Clients with Loans | 2,912 |
| Approximate % Female Clients | 60% - 80% |
| 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 | |
| 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 | Home-based care training |
| Other (2) | HIV/AIDS counseling |
| 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 | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Nyanza, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 105,000 |
| Loans less than USD 1,500 | 30% |
| USD 1,500-5,000 | 40% |
| USD 5,000-10,000 | 10% |
| USD 10,000-15,000 | 5% |
| USD 15,000-18,000 | 5% |
| Greater than USD 18,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 60.0 months |
| Approx average | 50.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
| Currency | KES |
| Minimum loan size | KES 3,000 |
| Maximum loan size | 78,000 |
| Loans less than KES 50,000 | 70% |
| KES 50,000-150,000 | 30% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 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 | 13.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Comision por Gastos Administrativos |
| % of loan amount - min | 0.80% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Las diferencias se dan por monto del crédito |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.17% |
| % of loan amount - max | 3.30% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Se cobra mensualmente 0.55/1000 para el titular del préstamo, y se sube a 0.75/1000 cuando hay codeudor. |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Nominal interest rate varies based on the loan term. Shorter term loans attract higher annual rates. |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Application Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1,000 |
| Fixed amount - max | 1,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 400 |
| Fixed amount - max | 0 |
| Reason for variation | First cycle loan pay 400 and multiple cycle loans pay 3% |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 |
| Conditions on access to deposit | Access During |
| 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 | USD 2,500 | USD 3,850 | USD 7,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-11-15 | 2013-11-14 | 2013-07-03 | ||
| Loan Term (Months) | 36.0 months | 49.0 months | 49.0 months | ||
| Grace Period (Months) | -0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | USD 1,150.86 | USD 2,762.26 | USD 4,362.27 | ||
| True Price by Comp | |||||
| Interest price component | 25.1% | 28.1% | 24.8% | ||
| Fee Component | 0.9% | 0.6% | 0.5% | ||
| Insurance Component | 0.9% | 0.6% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 26.9% | 29.3% | 26.0% | ||
| Transparency Index | 48 | 44 | 50 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 7,500 | KES 30,000 | KES 55,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-15 | 2013-07-15 | 2013-07-15 | ||
| Loan Term (Months) | 5.8 months | 9.0 months | 11.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | KES 2,744 | KES 7,299.64 | KES 12,538.24 | ||
| True Price by Comp | |||||
| Interest price component | 65.7% | 45.3% | 34.7% | ||
| Fee Component | 59.3% | 9.6% | 4.0% | ||
| Insurance Component | 18.8% | 7.1% | 5.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 89.1% | 95.5% | 65.9% | ||
| Full APR (int fee ins tax dep) | 232.9% | 157.5% | 110.0% | ||
| Transparency Index | 8 | 11 | 16 | ||
| 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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