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Institution
Data approved: 2013-06-24
Data version: 2
Age of data: 141 months
Key Statistics
| Outstanding portfolio (KES) | KES 86,912,145 |
| Portfolio (USD) | USD 1,049,663.59 |
| Active Clients with Loans | 3,642 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Value addition loans to existing women e.g. solar, gas, water harvesting solution, green house
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Leadership |
| Other (2) | Women empowerment |
| No other services | |
Eligibility
| 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
Loan Amount
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 200,000 |
Distribution at Disbursement (Est.)
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 20% |
| 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 | 18.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 0 |
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 | 1.50% |
| Highest quoted nominal interest | 1.83% |
| 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 feesUpfront 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 | 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
Consumer Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | KES 20,000 | | KES 20,000 | | KES 51,925 | | KES 95,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-05-07 | | 2013-05-09 | | 2013-06-20 | | 2013-06-19 |
| Loan Term (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 |
| Total Cost of Credit | KES 4,950.04 | | KES 4,950.04 | | KES 12,851.46 | | KES 23,512.54 |
| True Price by Comp | | | | | | | |
| Interest price component | 37.6% | | 37.6% | | 37.8% | | 37.8% |
| Fee Component | 3.0% | | 3.0% | | 2.9% | | 2.9% |
| Insurance Component | 2.5% | | 2.5% | | 2.5% | | 2.5% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 9.6% | | 9.6% | | 12.5% | | 10.6% |
| Full APR (int fee ins tax dep) | 52.7% | | 52.7% | | 55.7% | | 53.8% |
| Transparency Index | 34 | | 34 | | 32 | | 33 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Consumer Loan Price Graphs
