2. FODEMI
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fondo de Desarrollo Microempresarial FODEMI Jaime Rivadeneira 6-88 y Mariano AcostaIbarra, Imbabura10-01-225
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fodemi.org/
Year established1995
Head of InstitutionLuis Ríos
Regions active
# Branches11

Total Portfolio (nat'l)USD 12,924,109.87
Total Portfolio (USD)USD 12,924,109.87
Active clients with loans28,232
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliations
Funders

Loan Products » Summary

Comunal
11,146 Borrowers
USD 3,804,737.29 Portfolio
Active Product
Solidario
15,616 Borrowers
USD 7,419,168.45 Portfolio
Active Product
Individual
1,470 Borrowers
USD 1,700,204.13 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Crédito Banca Comunal USD 50 - 4,000 7 - 24 60% - 80% 0% - 20% Business Women, Men, Have business, mín 7 personas y máx 25 personas de un mismo sector. Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación.
Crédito Grupo Solidario USD 50 - 5,000 6 - 30 60% - 80% 40% - 60% Business Women, Men, Have business, Experiencia en el negocio, mínimo de 6 meses., mín de 3 y máximo 6 personas. Que vivan cerca. Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son pagados por el cliente, los costos son asumidos ÂŽpor la Fundación.
Crédito Individual USD 400 - 6,000 6 - 30 40% - 60% 80% - 100% Business Women, Men, Have business, Experiencia en el negocio, mínimo 6 meses. Credit Educ, Credit Ins, Estos servicios no son pagados por el cliente, asume el costo la Fundación.

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Crédito Banca Comunal 20.6%-22.6% annual, Decl Bal 0 Fees 0 Ins None 10.0% upfront 22.3% 26.3% - 26.4% 78
Crédito Grupo Solidario 20.5%-22.5% annual, Decl Bal 0 Fees 0 Ins None 10.0% upfront 20.5% - 22.5% 24.2% - 26.7% 79
Crédito Individual 20.5%-22.5% annual, Decl Bal 0 Fees 0 Ins None 10.0% upfront 20.4% - 22.4% 24.1% - 26.5% 79
Institution Price Graph
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  2. Equity Bank
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 141 months
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Product

Fanikisha - Shaba - Loan Product 7 of 10 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 604,912,277
Portfolio (USD)USD 7,305,703.83
Active Clients with Loans14,839
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
For women in start-up process and micro-enterprises who would like to borrow through a group approach. Targets those in merry-go-round market. Targets women who lack conventional securities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00040%
KES 50,000-150,00050%
KES 150,000-250,00010%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months15%
Between 10 and 12 months70%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaSavings interest depends on the balance that is in the account
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Fanikisha - Shaba - Loan samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,999.95KES 48,000KES 94,999.92KES 189,999.96KES 319,999.84
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-282013-05-202013-05-112013-05-032013-05-28
Loan Term (Months)11.0 months12.0 months13.0 months12.0 months24.0 months
Grace Period (Months)-0.7 months0.0 months0.5 months-0.4 months0.0 months
Total Cost of CreditKES 2,138.77KES 10,860KES 21,493.71KES 41,615.20KES 136,399.92
True Price by Comp         
Interest price component37.3%34.4%32.0%36.0%34.1%
Fee Component4.6%4.0%3.7%4.3%2.2%
Insurance Component1.4%1.2%1.2%1.3%0.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component9.4%7.9%7.0%8.8%6.9%
Full APR (int fee ins tax dep)52.7%47.5%43.9%50.4%43.9%
Transparency Index3842464046
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Fanikisha - Shaba - Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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