KREDIT Microfinance Institution Plc. - VSU-KHR - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

KREDIT Microfinance Institution Plc. #17, Street 163ChamkarmornPhnom Penh

Data approved: 2013-04-23

Data version: 3

Age of data: 139 months

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Institution

Yehu Microfinance Trust PO Box 82120Mombasa

Data approved: 2013-09-13

Data version: 2

Age of data: 141 months

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Product

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Product

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Product Summary

Number borrowers	18,454
Loan Amount (range)	KHR 50,000 - 1,200,000
Loan Term (range)	4 - 12
Other Services (text summary)	Credit Educ, Group Mtgs, Tech Asst Visits, Other Training
Annual Interest & Method	34.2% annual, Decl Bal
Fees	None
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	21.7% - 36.1%
Fee Component	0 - 0.8%
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	32.0% - 32.2%
Transparency Index (min/max)	65 - 107
Transparency Index (average)	100

Product Summary

364
KES 5,000 - 1,000,000
3 - 24
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Leadership Training
21.0% annual, Flat
None
None
None
N/A

33.6% - 40.3%
0 - 10.6%
0 - 4.1%
0
37.8% - 38.2%
24 - 56
55

Product Details

Key Statistics

Outstanding portfolio (KHR)	KHR 15,602,858,617
Portfolio (USD)	USD 3,950,090.79
Active Clients with Loans	18,454
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Village Bank product targets a group of client who has low income, it requires no mortgage from client and loan can be accessed by forming solidarity groups. .

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	12
# Regions for this product	12
Regions Active	Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampot, KandalKratié, Prey VengSiem Reap, Svay Rieng, Takéo

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 13,049,704.15
Portfolio (USD)	USD 157,605.12
Active Clients with Loans	364
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This gives clients the opportunity to refill their loan. Once a client has a good repayment history and has paid off at least half of their second loan outstanding, they have the option to access more cash faster by refilling their loan.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
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	Leadership Training
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	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Coast

Loan Conditions

Loan Amount

Currency	KHR
Minimum loan size	KHR 50,000
Maximum loan size	1,200,000

Distribution at Disbursement (Est.)

Loans less than KHR 1,000,000	10%
KHR 1,000,000-3,500,000	90%
KHR 3,500,000-6,000,000	0
KHR 6,000,000-8,000,000	0
KHR 8,000,000-10,000,000	0
Greater than KHR 10,000,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	11.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks	x
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	20%
KES 50,000-150,000	50%
KES 150,000-250,000	30%
KES 250,000-350,000	0
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	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	10%
Between 10 and 12 months	40%
Between 13 and 18 months	40%
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.85%
Highest quoted nominal interest	2.85%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	21.00%
Highest quoted nominal interest	21.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

This is a refill loan on the Business Loan that does not attract additional fees, insurance, or upfront/continuing compulsory deposit requirements. The borrower does however continue to contribute a continuing amount of KES 100 on the simultaneous Business Loan.

Full Pricing Data

VSU-KHR samples

	Sample 1	Sample 2	Sample 3
Loan Amount	KHR 200,000	KHR 500,000	KHR 1,100,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-03-27	2013-03-27	2013-03-27
Loan Term (Months)	11.0 months	11.0 months	12.0 months
Grace Period (Months)	10.1 months	10.1 months	11.1 months
Total Cost of Credit	KHR 64,573	KHR 161,433	KHR 383,862
True Price by Comp
Interest price component	32.0%	32.0%	32.2%
Fee Component	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	32.0%	32.0%	32.2%
Transparency Index	100	100	100

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

Full Pricing Data

Top Up Loan samples

	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 24,520	KES 50,000	KES 100,000	KES 159,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-08-05	2013-09-05	2013-06-13	2013-08-22
Loan Term (Months)	12.0 months	12.0 months	12.0 months	17.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 5,160	KES 10,512	KES 21,000	KES 50,085
True Price by Comp
Interest price component	37.9%	37.8%	37.8%	38.2%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	37.9%	37.8%	37.8%	38.2%
Transparency Index	55	55	56	55

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

VSU-KHR Price Graphs

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Top Up 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

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

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

Additional Comments

Full Pricing Data

VSU-KHR samples

Full Pricing Data

Top Up Loan samples

VSU-KHR Price Graphs

Top Up Loan Price Graphs

Total Borrowers of Samples

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