| Number borrowers | 4,656 |
| Loan Amount (range) | USD 50 - 5,000 |
| Loan Term (range) | 1 - 30 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.6%-42.0% annual, Decl Bal |
| Fees | 0.20% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.7% - 36.0% |
| Fee Component | 0.2% - 0.4% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 21.9% - 36.4% |
| Transparency Index (min/max) | 59 - 99 |
| Transparency Index (average) | 74 |
| 339 |
| KES 300,000 - 4,000,000,000 |
| 1 - 60 |
| Credit Ins |
| 18.0%-20.0% annual, Decl Bal |
| 2.00%-3.00% upfront |
| 0.63% upfront |
| None |
| N/A |
| 13.4% - 37.3% |
| 0 - 11.0% |
| 0 - 2.3% |
| 0 |
| 21.8% - 26.2% |
| 37 - 83 |
| 75 |
| Outstanding portfolio (USD) | USD 2,095,431 |
| Portfolio (USD) | USD 2,095,431 |
| Active Clients with Loans | 4,656 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| 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 | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 22 |
| # Regions for this product | 21 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh KongKratié, Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
| Outstanding portfolio (KES) | KES 58,938,425 |
| Portfolio (USD) | USD 711,816.73 |
| Active Clients with Loans | 339 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | |
| Other | Operated the business for over a year |
| Other (2) | Active account for over 6 mos with Equity or other bank |
| # Regions for this institution | 8 |
| # Regions for this product | 7 |
| Regions Active | Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | 5,000 |
| Loans less than USD 250 | 10% |
| USD 250-1,000 | 20% |
| USD 1,000-1,500 | 20% |
| USD 1,500-2,000 | 10% |
| USD 2,000-2,500 | 20% |
| Greater than USD 2,500 | 20% |
| Shortest loan term | 1.0 month |
| Longest loan term | 30.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| 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 300,000 |
| Maximum loan size | 4,000,000,000 |
| Loans less than KES 50,000 | 0 |
| KES 50,000-150,000 | 0 |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 5% |
| KES 350,000-450,000 | 50% |
| Greater than KES 450,000 | 50% |
| Shortest loan term | 1.0 month |
| Longest loan term | 60.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 80% |
| 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 |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 3.50% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
| 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 | Upfront fee |
| % of loan amount - min | 0.20% |
| % of loan amount - max | 0.20% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee charged are based on loan size. |
| Appears on Repayment Sched? | No |
| 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 | 18.00% |
| Highest quoted nominal interest | 20.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk |
| Interest rate period | Yearly |
| 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? | No |
| 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? | No |
| 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 |
| Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 600 | USD 1,800 | USD 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-01-08 | 2013-01-09 | 2013-02-09 | 2013-02-13 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||
| Grace Period (Months) | 0.1 months | 0.1 months | 0.1 months | -0.1 months | |||
| Total Cost of Credit | USD 60.61 | USD 100.70 | USD 578.66 | USD 688.83 | |||
| True Price by Comp | |||||||
| Interest price component | 36.0% | 30.0% | 30.0% | 21.7% | |||
| Fee Component | 0.4% | 0.4% | 0.3% | 0.2% | |||
| 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) | 36.4% | 30.4% | 30.3% | 21.9% | |||
| Transparency Index | 59 | 71 | 71 | 98 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 310,000 | KES 400,000 | KES 500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-28 | 2013-05-31 | 2013-05-17 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 36.0 months | ||
| Grace Period (Months) | 0.3 months | 0.2 months | 0.0 months | ||
| Total Cost of Credit | KES 42,798.16 | KES 59,223.56 | KES 181,536.95 | ||
| True Price by Comp | |||||
| Interest price component | 19.0% | 19.3% | 19.8% | ||
| Fee Component | 3.7% | 5.7% | 1.5% | ||
| Insurance Component | 1.2% | 1.2% | 0.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 23.9% | 26.2% | 21.8% | ||
| Transparency Index | 75 | 69 | 83 | ||
| 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 |
|---|---|---|---|---|---|---|---|
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