Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1998 |
Head of Institution | CARLOS MARZON ORTIZ |
Regions active | |
# Branches | 15 |
Total Portfolio (nat'l) | USD 46,867,654 |
Total Portfolio (USD) | USD 46,867,654 |
Active clients with loans | 15,532 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Red Financiera Rural |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credidesarrollo | USD 200 - 15,000 | 6 - 38 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
Crediemergente | USD 500 - 1,000 | 2 - 14 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men | ||||||||
Credimicroempresarial | USD 400 - 20,000 | 6 - 50 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
Crediparticular | USD 200 - 15,000 | 5 - 38 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Salaried worker | Credit Ins, Seguro de Desgravamen | |||||||
Creditierras | USD 1,000 - 15,000 | 15 - 62 | 20% - 40% | 60% - 80% | Business, Compra, o legalización, o la titularización de la , tierra destinada a la prducción agrícola, pecuaria | Women, Men, Orientado a organizaciones campesinas y/o miembros de organizaciones campesinas | Credit Ins, Seguro de Desgravamen | |||||||
Credivivienda | USD 1,000 - 25,000 | 8 - 86 | 40% - 60% | 60% - 80% | Housing, Adquisicion, Construccion, Terminacion de vivienda | Women, Men | Credit Ins, Seguro de Desgravamen |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credidesarrollo | 16.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16% | 16% | 100 | ||||||||
Crediemergente | 14.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 82 | ||||||||
Credimicroempresarial | 11.4%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 67 | ||||||||
Crediparticular | 14.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14% | 14% | 100 | ||||||||
Creditierras | 12.0%-13.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 12% | 12% | 100 | ||||||||
Credivivienda | 10.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 10% - 17% | 10% - 17% | 71 |
Outstanding portfolio (KES) | KES 536,726,896 |
Portfolio (USD) | USD 6,482,208.89 |
Active Clients with Loans | 30,413 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | x |
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 | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nairobi, North Eastern, Rift Valley |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 10% |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 15.0 months |
Longest loan term | 52.0 months |
Approx average | 26.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 20% |
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 | 18.00% |
Highest quoted nominal interest | 18.00% |
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 | Loan Application Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | 40.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 200 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | KES 100,000 | KES 200,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-04-11 | 2013-03-14 | 2013-06-18 | 2013-03-20 | 2013-04-25 | ||||
Loan Term (Months) | 20.0 months | 20.0 months | 25.0 months | 35.0 months | 51.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | KES 1,775 | KES 3,550 | KES 10,750 | KES 28,249.97 | KES 80,500 | ||||
True Price by Comp | |||||||||
Interest price component | 17.8% | 17.8% | 17.9% | 17.8% | 17.9% | ||||
Fee Component | 2.6% | 2.5% | 2.1% | 1.7% | 1.2% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 86.1% | 61.2% | 45.9% | 38.1% | 31.5% | ||||
Full APR (int fee ins tax dep) | 106.5% | 81.5% | 65.9% | 57.6% | 50.6% | ||||
Transparency Index | 17 | 22 | 27 | 31 | 36 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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