| Number borrowers | 250 |
| Loan Amount (range) | USD 100 - 10,000 |
| Loan Term (range) | 1 - 48 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 15.1% annual, Decl Bal |
| Fees | None |
| Insurance | 5.00% upfront |
| Tax | None |
| Comp Dep | 10.0% upfront 5.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 15.3% (Int+Fee) |
| Insurance Component | 0 - 0.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 18.2% - 18.8% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 81 |
| 242 |
| KES 10,000 - 300,000 |
| 3 - 18 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health insurance - optional |
| 22.0% annual, Flat |
| 1.00% upfront |
| 2.00% upfront |
| None |
| 20.0% upfront 100.00 ongoing |
| 28.1% - 38.9% |
| 1.9% - 3.8% |
| 4.0% - 7.6% |
| 0 |
| 69.2% - 87.7% |
| 15 - 38 |
| 29 |
| Outstanding portfolio (USD) | USD 577,488 |
| Portfolio (USD) | USD 577,488 |
| Active Clients with Loans | 250 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 8,926,006.49 |
| Portfolio (USD) | USD 107,802.01 |
| Active Clients with Loans | 242 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | Improvement to shed, purchase of cow, chaff-cutter |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Health insurance - optional |
| 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 | Farmers only |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley, Western |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 10,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 48.0 months |
| Approx average | 36.0 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 10,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 100% |
| KES 50,000-150,000 | 0 |
| 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 | 3.0 months |
| Longest loan term | 18.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| Grace period usage | 30% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | x |
| 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 | 15.10% |
| Highest quoted nominal interest | 15.10% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro Desgravaman |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | USD 5 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| 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 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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? | No |
| 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 | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,600 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2010-06-14 | 2010-06-14 | 2010-06-14 | 2010-06-14 | 2010-06-14 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 24.0 months | 36.0 months | 48.0 months | ||||
| Grace Period (Months) | 0.0 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 | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 15.3% | 15.3% | 15.3% | 15.3% | 15.3% | ||||
| Insurance Component | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 3.3% | 3.4% | 3.2% | 3.1% | 2.9% | ||||
| Full APR (int fee ins tax dep) | 18.8% | 18.8% | 18.6% | 18.5% | 18.2% | ||||
| Transparency Index | 80 | 80 | 81 | 82 | 83 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 20,000 | KES 50,000 | KES 99,000 | KES 220,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-20 | 2013-02-04 | 2013-06-05 | 2013-02-26 | |||
| Loan Term (Months) | 6.0 months | 13.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.2 months | 0.5 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | KES 2,800 | KES 12,500 | KES 24,750 | KES 55,000 | |||
| True Price by Comp | |||||||
| Interest price component | 38.1% | 37.3% | 38.9% | 38.9% | |||
| Fee Component | 3.7% | 1.9% | 2.0% | 2.0% | |||
| Insurance Component | 7.6% | 4.0% | 4.2% | 4.2% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 38.3% | 27.8% | 26.2% | 24.1% | |||
| Full APR (int fee ins tax dep) | 87.7% | 71.0% | 71.3% | 69.2% | |||
| Transparency Index | 25 | 31 | 31 | 32 | |||
| 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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| Less or equal to: | ||||||
| N (# of Samples) | ||||||
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| Min | ||||||
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| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
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| to ∞ | ||||||
