| Outstanding portfolio (USD) | USD 4,174.08 |
| Portfolio (USD) | USD 4,174.08 |
| Active Clients with Loans | 10 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | N/A |
| Regions Active |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.microafricagroup.com/ |
| Year established | 2000 |
| Head of Institution | James Mugambi |
| Regions active | Central, Coast, Eastern, Nairobi, Rift Valley |
| # Branches | 11 |
| Total Portfolio (nat'l) | KES 770,993,115 |
| Total Portfolio (USD) | USD 9,311,511.05 |
| Active clients with loans | 13,164 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Biashara | KES 50,000 - 3,000,000 | 3 - 24 | 40% - 60% | 40% - 60% | Business, Housing, Other | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Group | KES 3,000 - 1,500,000 | 3 - 24 | 40% - 60% | 20% - 40% | Any Purpose | Women, Men, Have business, Must be known by the other members | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Maji Nyumbani | KES 6,192 - 63,184 | 3 - 12 | 60% - 80% | 0% - 20% | This loan is for the purchase of water tanks only | Women, Men | Credit Educ, Other Training | |||||||
| Government Check Off | KES 1 - 1,000,000 | 3 - 60 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ | |||||||
| Payroll (MOU) | KES 1 - 300,000 | 3 - 24 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Credit Ins | |||||||
| Solar | KES 2,990 - 41,400 | 3 - 12 | 40% - 60% | 0% - 20% | Housing | Women, Men | Credit Educ, Other Training | |||||||
| Emergency | KES 3,000 - 10,000 | 3 - 4 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men | Credit Educ, Other Training | |||||||
| School Fees | KES 10,000 - 50,000 | 3 - 6 | 60% - 80% | 40% - 60% | Education | Women, Men | Credit Educ, Group Mtgs, Other Training | |||||||
| Biogas | KES 20,000 - 250,000 | 3 - 18 | 40% - 60% | 0% - 20% | Consumer | Women, Men, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Biashara | 22.0% annual, Flat | 2 Fees | 1 Ins | None | 41.5% - 47.5% | 44.3% - 64% | 44 | |||||||||
| Group | 20.0% annual, Flat | 2 Fees | 1 Ins | None | 15.0%-20.0% upfront 400.00 ongoing | 37% - 42.9% | 59.1% - 79.9% | 31 | ||||||||
| Maji Nyumbani | 22.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0%-20.0% upfront | 37.9% - 38.5% | 49.8% - 52% | 43 | ||||||||
| Government Check Off | 23.3%-30.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 49.8% - 51.9% | 50.9% - 52.4% | 45 | ||||||||
| Payroll (MOU) | 22.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 41.9% - 46% | 43.7% - 49.1% | 48 | ||||||||
| Solar | 20.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 34.4% - 35.6% | 34.4% - 35.6% | 57 | ||||||||
| Emergency | 18.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 29.7% - 31.6% | 38.6% - 41.2% | 45 | ||||||||
| School Fees | 22.0% annual, Flat | 0 Fees | 1 Ins | None | N/A | 31.6% - 34.2% | 37.8% - 40.9% | 91 | ||||||||
| Biogas | 20.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 32.3% - 32.4% | 35.8% - 35.9% | 56 |
| Key Statistics | |
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| % 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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