- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AgroCapital	21,900	16,894,000	11	173
ANED	5,400	6,579,000	3	131
Banco FIE	231,100	569,322,000	6	131
BancoSol	215,300	861,418,000	30	131
CIDRE	8,500	126,578,000	8	131
Coop Fatima	6,300	44,280,000	7	173
CRECER	166,900	134,626,000	13	131
Diaconia	67,000	85,734,000	2	131
Ecofuturo	59,200	226,839,000	5	131
EMPRENDER	8,700	2,380,000	3	173
Fassil FFP	57,600	325,081,000	5	131
FONCRESOL	3,900	9,573,000	3	131
FONDECO	14,200	24,274,000	3	131
Fortaleza	20,100	164,530,000	13	131
FUBODE	29,400	24,444,000	7	131
FUNBODEM	8,600	15,798,000	9	131
IDEPRO	10,400	40,479,000	2	131
IMPRO	2,400	2,885,000	4	131
ProCredit	84,300	257,487,000	8	173
PRODEM	44,900	62,529,000	4	131
ProMujer BOL	115,200	50,753,000	3	131
Sartawi	14,600	26,842,000	8	131

Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central

Data approved: 2013-07-16

Data version: 2

Age of data: 143 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 217,019,336
Portfolio (USD)	USD 2,621,006.47
Active Clients with Loans	8,244
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Loans given to exisiting business owners. This is our institution's most popular product.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Central, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 20,000
Maximum loan size	300,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	60%
KES 50,000-150,000	20%
KES 150,000-250,000	5%
KES 250,000-350,000	15%
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	18.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	30%
Between 10 and 12 months	30%
Between 13 and 18 months	20%
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	0.3 months

Repayment Frequency

Daily
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

Pricing Information

Interest

Lowest quoted nominal interest	22.00%
Highest quoted nominal interest	22.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Application 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?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% 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?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	First cycle loans = 10% upfront, 100 KES continuing. Multiple cycle loans = 25% upfront, no continuing requirement.
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 25.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0 - KES 100
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0.33%
Maximum interest rate paid	0.50%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Msingi Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 20,000	KES 50,000	KES 140,000	KES 200,000	KES 300,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-28	2013-06-27	2013-06-12	2013-06-11	2013-06-27
Loan Term (Months)	6.0 months	10.0 months	12.0 months	18.0 months	24.0 months
Grace Period (Months)	0.5 months	0.4 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 2,900	KES 10,550	KES 35,700	KES 73,000	KES 142,500
True Price by Comp
Interest price component	36.7%	38.7%	38.8%	38.9%	38.5%
Fee Component	7.3%	4.9%	4.1%	2.9%	2.3%
Insurance Component	5.5%	3.8%	3.1%	2.2%	1.7%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	17.0%	33.2%	31.2%	27.8%	25.1%
Full APR (int fee ins tax dep)	66.5%	80.6%	77.2%	71.8%	67.6%
Transparency Index	33	27	28	31	33

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Msingi Loan Price Graphs

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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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Msingi Loan samples

Msingi Loan Price Graphs

Total Borrowers of Samples

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