Number borrowers | 52,471 |
Loan Amount (range) | USD 350 - 1,800 |
Loan Term (range) | 4 - 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training, Other Training |
Annual Interest & Method | 24.3%-26.8% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 24.7% - 27.6% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 30.1% - 34.0% |
Transparency Index (min/max) | 71 - 101 |
Transparency Index (average) | 73 |
5,770 |
KES 5,000 - 300,000 |
3 - 18 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business 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 |
69.4% - 113.0% |
15 - 38 |
27 |
Outstanding portfolio (USD) | USD 13,907,941 |
Portfolio (USD) | USD 13,907,941 |
Active Clients with Loans | 52,471 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
Village banking | x |
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 | |
Workplace visits | |
Business training | x |
Other training | x |
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 | |
Must be specific age group | |
Other | Hombres solo si representan el 20% del total de miembros de grupo |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (KES) | KES 207,715,811.50 |
Portfolio (USD) | USD 2,508,645.07 |
Active Clients with Loans | 5,770 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Business training | x |
Other training | |
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 | |
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 350 |
Maximum loan size | 1,800 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 5.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 60% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 10% |
KES 250,000-350,000 | 10% |
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 | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
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 | 24.33% |
Highest quoted nominal interest | 26.77% |
Reason(s) why interest rate varies | Loan term |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
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 | |
---|---|
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 440 | USD 440 | USD 1,000 | USD 1,100 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-08-04 | 2010-06-14 | 2010-07-01 | 2010-06-09 | |||
Loan Term (Months) | 4.0 months | 4.0 months | 5.0 months | 5.0 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 | 24.7% | 27.6% | 27.5% | 27.5% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 5.4% | 6.4% | 6.5% | 6.5% | |||
Full APR (int fee ins tax dep) | 30.1% | 34.0% | 34.0% | 34.0% | |||
Transparency Index | 81 | 72 | 71 | 71 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 8,000 | KES 30,000 | 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 | 2013-06-11 | 2013-06-20 | 2013-06-03 | 2013-07-05 | 2013-07-24 | ||||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | ||||
Total Cost of Credit | KES 1,120 | KES 7,500 | KES 12,500 | KES 25,000 | KES 50,000 | ||||
True Price by Comp | |||||||||
Interest price component | 38.1% | 38.9% | 38.9% | 38.9% | 38.9% | ||||
Fee Component | 3.8% | 2.1% | 2.1% | 2.0% | 2.0% | ||||
Insurance Component | 7.6% | 4.1% | 4.1% | 4.2% | 4.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 63.5% | 36.0% | 30.2% | 26.2% | 24.3% | ||||
Full APR (int fee ins tax dep) | 113.0% | 81.1% | 75.3% | 71.3% | 69.4% | ||||
Transparency Index | 19 | 27 | 29 | 31 | 32 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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