Farmer Finance Ltd - 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

Farmer Finance Ltd 1071, National Road 2Chak Angre LeuPhnom PenhPO Box 88772

Data approved: 2013-03-20

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	N/A
Year established	2007
Head of Institution	Leenam Yon
Regions active	Phnom Penh
# Branches	1

Total Portfolio (nat'l)	KHR 1,629,290,000
Total Portfolio (USD)	USD 412,478.48
Active clients with loans	266
Approximate % female clients	60% - 80%
Approximate % urban clients	40% - 60%
Network affiliations
Funders

Loan Products » Summary

General

266 Borrowers

USD 407,300 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
General Loan		USD 250 - 24,000		1 - 24		60% - 80%		40% - 60%		Business, Housing, Consumer, Education, Other		Women, Men

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
General Loan		20.4%-27.6% annual, Decl Bal		1 Fee		0		None		None		20.3% - 37%		20.3% - 37%		79

Institution Price Graph

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Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi

Data approved: 2013-09-18

Data version: 2

Age of data: 133 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 267,734,546
Portfolio (USD)	USD 3,233,509.01
Active Clients with Loans	1,985
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is an SME loan given after LKL credit appraisal, sometimes requiring added collateral security depending on the risk level of the client.

Loan Purpose

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

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits	x
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	x
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	5
# Regions for this product	5
Regions Active	Central, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 50,000
Maximum loan size	3,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	15%
KES 50,000-150,000	15%
KES 150,000-250,000	15%
KES 250,000-350,000	15%
KES 350,000-450,000	10%
Greater than KES 450,000	10%

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	5%
Between 7 and 9 months	20%
Between 10 and 12 months	50%
Between 13 and 18 months	15%
Longer than 18 months	10%

Grace Period

Grace period usage	100%
Average grace period	0.5 months

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	1.83%
Highest quoted nominal interest	1.83%
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	Administration Fee	Disbursement Fee
% of loan amount - min	3.00%	0
% of loan amount - max	3.00%	0
OR, Fixed amount - min	0	100
Fixed amount - max	0	1,000
Reason for variation	N/A	Varies based on the method of disbursement.
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance 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?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Some
Criteria	Upfront compulsory deposit required only on loans below 300,000 KES which also do not have sufficient collateral. No continuing deposit requirement.
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	0 - 10.00%
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	End Term

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?

Full Pricing Data

Biashara samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 50,000	KES 100,000	KES 200,000	KES 350,000	KES 400,000	KES 500,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-07-08	2013-08-27	2013-08-30	2013-08-30	2013-06-28	2013-07-22
Loan Term (Months)	7.0 months	13.0 months	13.0 months	13.0 months	19.0 months	13.0 months
Grace Period (Months)	0.4 months	0.5 months	0.4 months	0.4 months	0.5 months	0.5 months
Total Cost of Credit	KES 9,028.03	KES 28,563.74	KES 56,390.19	KES 98,532.80	KES 158,201.27	KES 143,038.90
True Price by Comp
Interest price component	37.3%	37.4%	37.4%	37.4%	37.4%	37.4%
Fee Component	10.2%	5.7%	5.8%	5.8%	4.1%	5.6%
Insurance Component	6.6%	3.9%	4.0%	3.9%	2.8%	3.8%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	9.9%	8.8%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	64.0%	55.8%	47.2%	47.1%	44.3%	46.8%
Transparency Index	34	39	47	47	50	47

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

Biashara 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
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	Less or equal 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

Biashara samples

Biashara Price Graphs

Total Borrowers of Samples

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