- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Banco Solidario	79,700	221,716,000	1	170
CEPESIU	2,000	939,000	4	170
COAC 4 Octubre	2,200	5,771,000	2	170
COAC Ambato	1,300	16,415,000	2	170
COAC FondVida	2,500	4,200,000	4	170
COAC LaBenefica	2,500	8,482,000	6	170
COAC MCCH	5,300	10,020,000	2	170
COAC Nacional	30,700	27,129,000	2	170
COAC San José	10,400	29,133,000	5	170
COAC SanAntonio	1,000	2,384,000	3	170
COAC SantaAnita	2,000	2,532,000	6	170
Codesarrollo	14,400	40,328,000	7	170
Coop San Miguel	1,800	4,754,000	5	167
CooP VPR	700	1,052,000	4	170
Cooprogreso	7,900	32,244,000	4	170
Credi Fe	100,900	380,039,000	4	170
D^Miro	36,900	27,692,000	9	163
DECOF	2,200	705,000	2	170
Espoir	62,100	21,036,000	5	170
FODEMI	28,200	12,924,000	3	170
Fundacion Alternativa	4,300	5,545,000	2	170
FUNDAMIC	2,000	1,468,000	2	170
INSOTEC	7,000	6,047,000	4	170
Luz del Valle	6,400	11,300,000	3	170
ProCredit	43,800	211,941,000	2	170
PS Ambato	5,600	2,771,000	1	170

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

Kenya Women Finance Trust Deposit Taking Microfinance Ltd P.O. Box 4179 - 00506Kiambere Road, Upper HillNairobi

Data approved: 2013-06-24

Data version: 2

Age of data: 141 months

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Product

Biashara Loan Product 1 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 12,198,631,776
Portfolio (USD)	USD 147,326,470.70
Active Clients with Loans	219,089
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other	Membership between 15-35 individuals

Description

Entry level, existing businesses, 15-35 women in a group, monthly repayment, 6-48 months. Interest rate of 1.5-1.67% PM, secured by social collateral, LGF and chattels mortgage registration.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
Other	Health education
Other (2)	Women empowerment
No other services

Eligibility

Men
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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	8
# Regions for this product	8
Regions Active	Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 10,000
Maximum loan size	45,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	10%
KES 50,000-150,000	40%
KES 150,000-250,000	20%
KES 250,000-350,000	15%
KES 350,000-450,000	5%
Greater than KES 450,000	5%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	60.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	10%
Between 10 and 12 months	20%
Between 13 and 18 months	50%
Longer than 18 months	15%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	1.67%
Highest quoted nominal interest	1.80%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Loan Processing Fee	Chattels Fee
% of loan amount - min	1.00%	0
% of loan amount - max	1.50%	0
OR, Fixed amount - min	0	0
Fixed amount - max	0	1,500
Reason for variation	Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1%	Charged only on loans KES 100,000 and above.
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Risk Management Fee
% of loan amount - min	1.25%
% of loan amount - max	1.25%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	Individual loans = 10% upfront & 1% ongoing. Group Loans < KES 100,000 = 10% upfront & > KES 100,000 = 20% upfront. Loans > KES 45,000 = KES 400 ongoing, < KES 45,000 loans = KES 50 ongoing.
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0 - 1.00%
or, Fixed-amount deposited	KES 50 - 0
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	6.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Biashara Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 10,000	KES 20,000	KES 45,000	KES 100,000	KES 300,000	KES 500,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-03-15	2013-06-20	2013-06-14	2013-03-21	2013-04-16	2013-04-25
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	KES 2,587.08	KES 4,950.04	KES 11,191.74	KES 23,862.81	KES 68,396.30	KES 112,993.86
True Price by Comp
Interest price component	37.8%	37.8%	38.0%	34.6%	34.6%	34.6%
Fee Component	5.0%	2.9%	2.9%	4.9%	2.9%	2.5%
Insurance Component	2.5%	2.5%	2.5%	2.5%	2.5%	2.5%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	11.5%	9.7%	9.0%	8.7%	20.2%	8.2%
Full APR (int fee ins tax dep)	56.8%	52.9%	52.4%	50.7%	60.2%	47.8%
Transparency Index	32	34	34	40	33	42

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Biashara Loan 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Biashara Loan samples

Biashara Loan Price Graphs

Total Borrowers of Samples

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