2. INSOTEC
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
  2. LKL
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 133 months
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Product Summary

Number borrowers58
Loan Amount (range)USD 250 - 1,800
Loan Term (range)3 - 5
Other Services (text summary)Credit Ins
Annual Interest & Method24.5%-26.9% annual, Decl Bal
Fees1.90% ongoing
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component27.2% - 27.3% (Int+Fee)
Insurance Component2.7% - 3.2%
Tax Component Range0
Full APR (int fee ins tax dep)30.0% - 30.3%
Transparency Index (min/max)73 - 87
Transparency Index (average)81

Product Summary

1,985
KES 50,000 - 3,000,000
3 - 24
Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
22.0% annual, Flat
3.00% upfront 100.00-1,000.00 upfront
2.00% upfront
None
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
44.3% - 64.0%
25 - 163
44

Product Details

Key Statistics
Outstanding portfolio (USD)USD 26,695.01
Portfolio (USD)USD 26,695.01
Active Clients with Loans58
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
El objetivo del producto es satisfacer las necesidades de financiamiento de los clientes, con los periodos considerados como de mayor demanda, cuando represente una oportunidad para el negocio o cuando la situación lo amerite.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherUsar solo para capital de trabajo
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 267,734,546
Portfolio (USD)USD 3,233,509.01
Active Clients with Loans1,985
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is an SME loan given after LKL credit appraisal, sometimes requiring added collateral security depending on the risk level of the client.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size1,800
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term5.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00015%
KES 50,000-150,00015%
KES 150,000-250,00015%
KES 250,000-350,00015%
KES 350,000-450,00010%
Greater than KES 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months15%
Longer than 18 months10%
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weekly
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 interest24.46%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesDepende del sector donde estan ubicados los clientes que se determinan por nivel de pobreza de acuerdo a como lo establece el Sistema Nacional de Microfinanzas.\r\rTipo A los más pobres\rTipo B intermedios\rTipo C menos pobres
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de desgravamen, Seguro de vida
% of loan amount - min1.90%
% of loan amount - max1.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionAdministration FeeDisbursement Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max01,000
Reason for variationN/AVaries based on the method of disbursement.
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaUpfront compulsory deposit required only on loans below 300,000 KES which also do not have sufficient collateral. No continuing deposit requirement.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 10.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Emergente samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 400USD 450USD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)2254
Disbursement Date2010-06-092010-06-302010-06-082010-06-03
Loan Term (Months)3.0 months4.0 months5.0 months4.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component27.2%27.3%27.3%27.3%
Insurance Component2.8%2.7%3.0%2.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.0%30.0%30.3%30.2%
Transparency Index81828181
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Biashara samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 50,000KES 100,000KES 200,000KES 350,000KES 400,000KES 500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-082013-08-272013-08-302013-08-302013-06-282013-07-22
Loan Term (Months)7.0 months13.0 months13.0 months13.0 months19.0 months13.0 months
Grace Period (Months)0.4 months0.5 months0.4 months0.4 months0.5 months0.5 months
Total Cost of CreditKES 9,028.03KES 28,563.74KES 56,390.19KES 98,532.80KES 158,201.27KES 143,038.90
True Price by Comp           
Interest price component37.3%37.4%37.4%37.4%37.4%37.4%
Fee Component10.2%5.7%5.8%5.8%4.1%5.6%
Insurance Component6.6%3.9%4.0%3.9%2.8%3.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component9.9%8.8%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)64.0%55.8%47.2%47.1%44.3%46.8%
Transparency Index343947475047
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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Biashara Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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