KREDIT Microfinance Institution Plc. - 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

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 Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.kredit.com.kh
Year established	2000
Head of Institution	Chan Mach
Regions active	Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampot, KandalKratié, Phnom Penh, Prey VengSiem Reap, Takéo
# Branches	51

Total Portfolio (nat'l)	KHR 239,343,000,000
Total Portfolio (USD)	USD 60,593,164.56
Active clients with loans	62,626
Approximate % female clients	80% - 100%
Approximate % urban clients	0% - 20%
Network affiliations
Funders

Loan Products » Summary

IDR-AGR-KHR

8,084 Borrowers

USD 5,156,516.59 Portfolio

Active Product

ID-AGR-USD

2,624 Borrowers

USD 4,637,246.14 Portfolio

Active Product

ID-KHR

7,339 Borrowers

USD 3,065,231.29 Portfolio

Active Product

ID-USD

24,845 Borrowers

USD 42,321,723.05 Portfolio

Active Product

SG-AGR-KHR

245 Borrowers

USD 51,622.01 Portfolio

Active Product

SG-KHR

180 Borrowers

USD 21,243.63 Portfolio

Active Product

VSU-KHR

18,454 Borrowers

USD 3,950,090.79 Portfolio

Active Product

SG-USD

35 Borrowers

USD 3,011 Portfolio

Low Volume Product

SME-USD

6 Borrowers

USD 112,957.75 Portfolio

Low Volume Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
ID-AGR-KHR	KHR 100,000 - 20,000,000	4 - 12	80% - 100%	0% - 20%	Business	Women, Men, Have business, Have home or land
ID-AGR-USD	USD 100 - 5,000	4 - 12	80% - 100%	0% - 20%	Business	Women, Men, Have business, Have home or land
ID-KHR	KHR 200,000 - 40,000,000	4 - 36	80% - 100%	0% - 20%	Business, Housing, Consumer	Women, Men, Have business, Have home or land
ID-USD	USD 100 - 20,000	4 - 36	80% - 100%	0% - 20%	Business, Housing, Consumer	Women, Men, Have business, Have home or land
SG-AGR-KHR	KHR 100,000 - 1,200,000	4 - 12	80% - 100%	0% - 20%	Business, Housing, Consumer	Women, Men, Have business, Have home or land	Group Mtgs
SG-KHR	KHR 100,000 - 1,200,000	4 - 12	80% - 100%	0% - 20%	Business, Housing, Consumer	Women, Men, Have business, Have home or land	Group Mtgs
VSU-KHR	KHR 50,000 - 1,200,000	4 - 12	80% - 100%	0% - 20%	Any Purpose	Women, Men	Credit Educ, Group Mtgs, Tech Asst Visits, Other Training

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
ID-AGR-KHR	27.0%-36.0% annual, Decl Bal	None	N/A	25.6% - 36%	25.6% - 36%	86
ID-AGR-USD	21.0%-36.0% annual, Decl Bal	None	N/A	22.9% - 31.8%	22.9% - 31.8%	74
ID-KHR	24.0%-36.0% annual, Decl Bal	None	N/A	27.7% - 36.8%	27.7% - 36.8%	72
ID-USD	19.8%-36.0% annual, Decl Bal	None	N/A	21.8% - 30.7%	21.8% - 30.7%	73
SG-AGR-KHR	36.0% annual, Decl Bal	None	N/A	36%	36%	100
SG-KHR	36.0% annual, Decl Bal	None	N/A	36%	36%	100
VSU-KHR	34.2% annual, Decl Bal	None	N/A	32% - 32.2%	32% - 32.2%	100

Institution Price Graph

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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

Kenya Women Finance Trust Deposit Taking Microfinance Ltd P.O. Box 4179 - 00506Kiambere Road, Upper HillNairobi

Data approved: 2013-06-24

Data version: 2

Age of data: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 92,369,084
Portfolio (USD)	USD 1,115,568.65
Active Clients with Loans	12,383
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other	Membership of 15-30 individuals.

Description

Loans for new viable business ventures. Women youth in groups of 15-30 members. Security is social collateral, loan guarantee fund. Age 18-35 years. Co-funded by the state.

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	x
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Must be willing to set up a viable business
Other (2)

# Borrowers by Product

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

Loan Amount

Currency	KES
Minimum loan size	KES 50,000
Maximum loan size	10,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	100%
KES 50,000-150,000	0
KES 150,000-250,000	0
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	6.0 months
Longest loan term	60.0 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	10%
Longer than 18 months	10%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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	0.93%
Highest quoted nominal interest	1.67%
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

Compulsory Deposit

Required for	All
Criteria	Idv loans =10% upfront & 1% ongoing. Grp 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	N/A

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

Are taxes charged on this product?

Full Pricing Data

Asset Financing Loan samples

	Sample 1	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 50,000	KES 200,000	KES 308,000	KES 400,000	KES 528,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-03-15	2013-03-27	2013-05-28	2013-05-17	2013-04-11
Loan Term (Months)	7.0 months	12.0 months	24.0 months	25.0 months	18.0 months
Grace Period (Months)	0.0 months	-0.2 months	-0.2 months	1.0 month	0.0 months
Total Cost of Credit	KES 7,824.31	KES 44,880.60	KES 130,813.28	KES 189,093.73	KES 172,138.95
True Price by Comp
Interest price component	36.8%	34.6%	34.6%	34.5%	34.6%
Fee Component	4.6%	3.5%	1.6%	1.4%	1.8%
Insurance Component	4.0%	2.6%	1.5%	1.2%	1.7%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	11.3%	8.6%	18.4%	6.8%	7.6%
Full APR (int fee ins tax dep)	56.7%	49.3%	56.1%	43.9%	45.7%
Transparency Index	20	23	20	26	24

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

Asset Financing 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
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

Asset Financing Loan samples

Asset Financing Loan Price Graphs

Total Borrowers of Samples

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