| Number borrowers | 1,076 |
| Loan Amount (range) | USD 100 - 5,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Educ, Credit Ins, Asesoría administración del dinero |
| Annual Interest & Method | 14.0%-16.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 5.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 16.2% - 16.4% (Int+Fee) |
| Insurance Component | 0.1% - 5.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 17.3% - 19.8% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 75 |
| 38,391 |
| KES 50,000 - 200,000 |
| 6 - 36 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Leadership, Women empowerment |
| 20.0%-22.0% annual, Flat |
| 1.00%-1.50% upfront upfront |
| 1.25% upfront |
| None |
| 10.0%-20.0% upfront 50.00-0.00 ongoing |
| 34.5% - 38.0% |
| 1.4% - 7.7% |
| 1.2% - 4.6% |
| 0 |
| 51.9% - 57.7% |
| 20 - 43 |
| 33 |
| Outstanding portfolio (USD) | USD 2,021,763 |
| Portfolio (USD) | USD 2,021,763 |
| Active Clients with Loans | 1,076 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Asesoría administración del dinero |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. |
| Other (2) | Pueden acceder personas desde los 18 años de edad en adelante. |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 272,031,697 |
| Portfolio (USD) | USD 3,285,406.97 |
| Active Clients with Loans | 38,391 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | Group membership of 7-10 individuals. |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| 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 |
| 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) |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 5,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 13.0 months |
| 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 50,000 |
| Maximum loan size | 200,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 50% |
| Longer than 18 months | 20% |
| 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 | 14.00% |
| Highest quoted nominal interest | 16.00% |
| Reason(s) why interest rate varies | Cantidad de ingresos de la persona |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | USD 5 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.50% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.67% |
| 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 |
| 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 |
| 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 |
| 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 |
| % loan amount deposited | 10.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 - 1.00% |
| or, Fixed-amount deposited | KES 50 - 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2010-08-28 | 2010-08-24 | 2010-07-09 | 2010-07-19 | |||
| Loan Term (Months) | 6.0 months | 8.0 months | 15.0 months | 30.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 16.2% | 16.2% | 16.2% | 16.4% | |||
| Insurance Component | 3.3% | 2.8% | 1.6% | 0.9% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.3% | 0.1% | 0.1% | 0.0% | |||
| Full APR (int fee ins tax dep) | 19.8% | 19.2% | 17.9% | 17.3% | |||
| Transparency Index | 71 | 73 | 78 | 81 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 49,800 | KES 50,000 | KES 90,000 | KES 150,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-03-12 | 2013-03-11 | 2013-03-15 | 2013-03-13 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | KES 12,325.50 | KES 12,375.04 | KES 22,383.48 | KES 65,880.85 | |||
| True Price by Comp | |||||||
| Interest price component | 37.6% | 37.6% | 37.8% | 34.6% | |||
| Fee Component | 3.0% | 3.0% | 3.0% | 2.2% | |||
| Insurance Component | 2.5% | 2.5% | 2.5% | 1.4% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 8.8% | 12.5% | 10.6% | 19.5% | |||
| Full APR (int fee ins tax dep) | 51.9% | 55.6% | 53.9% | 57.7% | |||
| Transparency Index | 35 | 32 | 33 | 35 | |||
| 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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