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Institution
Data approved: 2013-06-24
Data version: 2
Age of data: 145 months
Description
Entry level, existing businesses, 15-35 women in a group, monthly repayment, 6-48 months. Interest rate of 1.5-1.67% PM, secured by social collateral, LGF and chattels mortgage registration.
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 Workplace visits x Business training x Other training x Other Health education Other (2) Women empowerment No other services
Men 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 8 # Regions for this product 8 Regions Active Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western
Loan Conditions
Currency KES Minimum loan size KES 10,000 Maximum loan size 45,000,000
Loans less than KES 50,000 10% KES 50,000-150,000 40% KES 150,000-250,000 20% KES 250,000-350,000 15% KES 350,000-450,000 5% Greater than KES 450,000 5%
Shortest loan term 6.0 months Longest loan term 60.0 months Approx average 12.0 months
Loans 3 months or less 0 Between 4 and 6 months 5% Between 7 and 9 months 10% Between 10 and 12 months 20% Between 13 and 18 months 50% Longer than 18 months 15%
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
Pricing Information
Interest
Lowest quoted nominal interest 1.67% Highest quoted nominal interest 1.80% Reason(s) why interest rate varies Loan Size Interest rate period Monthly Interest Rate Calculation Method Flat Subsidized by funder request? No Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Fee 2 Description Loan Processing Fee Chattels Fee % of loan amount - min 1.00% 0 % of loan amount - max 1.50% 0 OR, Fixed amount - min 0 0 Fixed amount - max 0 1,500 Reason for variation Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1% Charged only on loans KES 100,000 and above. Appears on Repayment Sched? No No
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Risk Management Fee % of loan amount - min 1.25% % of loan amount - max 1.25% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? No
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for All Criteria Individual loans = 10% upfront & 1% ongoing. Group Loans < KES 100,000 = 10% upfront & > KES 100,000 = 20% upfront. Loans > KES 45,000 = KES 400 ongoing, < KES 45,000 loans = KES 50 ongoing.Is deposit indicated on the repayment schedule? No Do borrowers control deposit in their group? No
Deposit BEFORE or AT Disbursement
% loan amount deposited 10.00% - 20.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 - 1.00% or, Fixed-amount deposited KES 50 - 0 Conditions on access to deposit When Leaving
Interest Paid on Deposit
Minimum interest rate paid 2.00% Maximum interest rate paid 6.00% Interest payment frequency End Term
Taxes
Are taxes charged on this product? No
Full Pricing Data
Biashara Loan sample s
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6Loan Amount KES 10,000 KES 20,000 KES 45,000 KES 100,000 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 2013-03-15 2013-06-20 2013-06-14 2013-03-21 2013-04-16 2013-04-25 Loan Term (Months) 12.0 months 12.0 months 12.0 months 12.0 months 12.0 months 12.0 months Grace Period (Months)0.0 months 0.0 months 0.0 months 0.0 months 0.0 months 0.0 months Total Cost of Credit KES 2,587.08 KES 4,950.04 KES 11,191.74 KES 23,862.81 KES 68,396.30 KES 112,993.86 True Price by Comp Interest price component 37.8% 37.8% 38.0% 34.6% 34.6% 34.6% Fee Component 5.0% 2.9% 2.9% 4.9% 2.9% 2.5% Insurance Component 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% Tax Component 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Deposit Component 11.5% 9.7% 9.0% 8.7% 20.2% 8.2% Full APR (int fee ins tax dep)56.8% 52.9% 52.4% 50.7% 60.2% 47.8% Transparency Index 32 34 34 40 33 42 Original Repayment Schedule PDF PDF PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF PDF PDF
Biashara Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NBFI Institution Type Business Loan Purpose KWFT DTM Institution KE-016-V02-P01 Product KE Country 2013 Year Range Number 2 Institution Data Version 0 100,000 200,000 300,000 400,000 500,000 Loan Size (all) 0% 20% 40% 60% Full APR (int fee ins tax dep) > 87,000 65,000 43,000 21,000 2,400 Number of Borrowers
