| Number borrowers | 117 |
| Loan Amount (range) | USD 1,000 - 15,000 |
| Loan Term (range) | 15 - 62 |
| Other Services (text summary) | Credit Ins, Seguro de Desgravamen |
| Annual Interest & Method | 12.0%-13.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 12.0% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 12.0% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 100 |
| 165 |
| KES 5,000 - 2,000,000 |
| 6 - 36 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training |
| 22.0% annual, Flat |
| 500.00-0.00 upfront upfront |
| 1.60%-3.00% upfront |
| None |
| 15.0% upfront |
| 29.8% - 41.0% |
| 2.6% - 20.5% |
| 1.8% - 6.9% |
| 0 |
| 61.0% - 71.9% |
| 16 - 36 |
| 34 |
| Outstanding portfolio (USD) | USD 709,627 |
| Portfolio (USD) | USD 709,627 |
| Active Clients with Loans | 117 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Compra, o legalización, o la titularización de la |
| Other (2) | tierra destinada a la prducción agrícola, pecuaria |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Seguro de Desgravamen |
| 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 | Orientado a organizaciones campesinas y/o miembros de organizaciones campesinas |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 13,325,138.18 |
| Portfolio (USD) | USD 160,931.62 |
| Active Clients with Loans | 165 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Nairobi, Nyanza, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 1,000 |
| Maximum loan size | 15,000 |
| Shortest loan term | 15.0 months |
| Longest loan term | 62.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 2,000,000 |
| Loans less than KES 50,000 | 5% |
| KES 50,000-150,000 | 60% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 5% |
| 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 | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 12.00% |
| Highest quoted nominal interest | 13.00% |
| Reason(s) why interest rate varies | Por la fuente de pago |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Loan Application Fee | Chattels Fee | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 500 | 0 | |
| Fixed amount - max | 0 | 1,300 | |
| Reason for variation | 2% with KES 500 minimum | Charged only on loans over KES 100,000 | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.60% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | <12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing. |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 1,000 | USD 7,500 | USD 12,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-06-17 | 2010-06-25 | 2010-07-09 | ||
| Loan Term (Months) | 15.0 months | 60.0 months | 60.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 12.0% | 12.0% | 12.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 12.0% | 12.0% | 12.0% | ||
| Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 15,473 | KES 28,700 | KES 50,000 | KES 100,000 | KES 279,500 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-05-23 | 2013-05-01 | 2013-05-20 | 2013-05-22 | 2013-03-20 | ||||
| Loan Term (Months) | 9.0 months | 6.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.5 months | 0.2 months | 0.0 months | 0.5 months | 0.7 months | ||||
| Total Cost of Credit | KES 3,103.08 | KES 4,164.25 | KES 12,769.86 | KES 25,479.45 | KES 72,683.53 | ||||
| True Price by Comp | |||||||||
| Interest price component | 38.6% | 39.1% | 40.4% | 38.6% | 37.9% | ||||
| Fee Component | 5.3% | 7.8% | 4.3% | 4.1% | 5.0% | ||||
| Insurance Component | 4.3% | 6.4% | 3.5% | 3.3% | 3.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 16.1% | 18.6% | 16.7% | 15.2% | 14.8% | ||||
| Full APR (int fee ins tax dep) | 64.3% | 71.9% | 64.9% | 61.2% | 61.0% | ||||
| Transparency Index | 34 | 31 | 34 | 36 | 36 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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