| Number borrowers | 6,640 |
| Loan Amount (range) | USD 100 - 10,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.6%-37.2% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 14.3% - 38.4% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 21.5% - 31.9% |
| Transparency Index (min/max) | 58 - 112 |
| Transparency Index (average) | 83 |
| 14,839 |
| KES 1,000 - 300,000 |
| 6 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| 20.0% annual, Decl Bal |
| 2.00%-3.00% upfront |
| 0.63% upfront |
| None |
| 10.0% upfront |
| 13.4% - 37.3% |
| 0 - 11.0% |
| 0 - 2.3% |
| 0 |
| 43.9% - 52.7% |
| 37 - 83 |
| 42 |
| Outstanding portfolio (USD) | USD 10,293,531 |
| Portfolio (USD) | USD 10,293,531 |
| Active Clients with Loans | 6,640 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 18 |
| # Regions for this product | 18 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Outstanding portfolio (KES) | KES 604,912,277 |
| Portfolio (USD) | USD 7,305,703.83 |
| Active Clients with Loans | 14,839 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| 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 | |
| Other (2) | |
| No other services |
| Men | |
| 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 | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 10,000 |
| Loans less than USD 250 | 5% |
| USD 250-1,000 | 5% |
| USD 1,000-1,500 | 15% |
| USD 1,500-2,000 | 10% |
| USD 2,000-2,500 | 15% |
| Greater than USD 2,500 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 20.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 30% |
| 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 1,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 40% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 10% |
| 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 | 10% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 1.80% |
| Highest quoted nominal interest | 3.10% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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? | No |
| Lowest quoted nominal interest | 1.67% |
| Highest quoted nominal interest | 1.67% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | LACE (Loan Application & Credit Evaluation) Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Insurance Fee |
| % of loan amount - min | 0.63% |
| % of loan amount - max | 0.63% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.625% per annum. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | Savings interest depends on the balance that is in the account |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 3,000 | USD 600 | USD 1,200 | USD 1,800 | USD 2,500 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-06-17 | 2013-03-26 | 2013-04-08 | 2012-08-29 | 2013-02-21 | ||||
| Loan Term (Months) | 24.0 months | 19.0 months | 25.0 months | 25.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.9 months | 0.3 months | 0.4 months | -0.1 months | ||||
| Total Cost of Credit | USD 676.34 | USD 165.74 | USD 398.27 | USD 491.82 | USD 587.98 | ||||
| True Price by Comp | |||||||||
| Interest price component | 21.5% | 31.9% | 30.8% | 25.3% | 22.6% | ||||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 21.5% | 31.9% | 30.8% | 25.3% | 22.6% | ||||
| Transparency Index | 100 | 68 | 70 | 85 | 96 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 9,999.95 | KES 48,000 | KES 94,999.92 | KES 189,999.96 | KES 319,999.84 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-05-28 | 2013-05-20 | 2013-05-11 | 2013-05-03 | 2013-05-28 | ||||
| Loan Term (Months) | 11.0 months | 12.0 months | 13.0 months | 12.0 months | 24.0 months | ||||
| Grace Period (Months) | -0.7 months | 0.0 months | 0.5 months | -0.4 months | 0.0 months | ||||
| Total Cost of Credit | KES 2,138.77 | KES 10,860 | KES 21,493.71 | KES 41,615.20 | KES 136,399.92 | ||||
| True Price by Comp | |||||||||
| Interest price component | 37.3% | 34.4% | 32.0% | 36.0% | 34.1% | ||||
| Fee Component | 4.6% | 4.0% | 3.7% | 4.3% | 2.2% | ||||
| Insurance Component | 1.4% | 1.2% | 1.2% | 1.3% | 0.7% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 9.4% | 7.9% | 7.0% | 8.8% | 6.9% | ||||
| Full APR (int fee ins tax dep) | 52.7% | 47.5% | 43.9% | 50.4% | 43.9% | ||||
| Transparency Index | 38 | 42 | 46 | 40 | 46 | ||||
| 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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| Greater than: | ||||||
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| N (# of Samples) | ||||||
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| Min | ||||||
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| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
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| to ∞ | ||||||
