Ahantaman Rural Bank Limited - Group Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Ahantaman Rural Bank Limited Head OfficeAgona Nkwanta, Western RegionP.O. Box 41

Data approved: 2013-02-11

Data version: 2

Age of data: 139 months

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Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central

Data approved: 2013-07-16

Data version: 2

Age of data: 141 months

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Product

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Product

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Product Summary

Number borrowers	8,013
Loan Amount (range)	GHS 500 - 3,000
Loan Term (range)	4 - 6
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method	48.00% annual, Flat
Fees	3.00% upfront
Insurance	1.00% upfront
Tax	None
Comp Dep	10.00% upfront
Range of pricing
Interest Price Component	42.5% - 75.6%
Fee Component	4.5% - 11.1%
Insurance Component	1.7% - 3.8%
Tax Component Range	0
Full APR (int fee ins tax dep)	107.7% - 108.0%
Transparency Index (min/max)	44 - 66
Transparency Index (average)	44

Product Summary

339
KES 50,000 - 200,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
22.0% annual, Flat
2.00% upfront
2.50% upfront
None
15.0% upfront 200.00 ongoing

13.7% - 40.7%
0 - 10.7%
0 - 9.3%
0
64.0% - 77.2%
14 - 61
31

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 2,080,343.29
Portfolio (USD)	USD 1,056,011.82
Active Clients with Loans	8,013
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Designed for individuals in a group for trading purposes.

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	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Western Region

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 17,553,993
Portfolio (USD)	USD 212,004.75
Active Clients with Loans	339
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

For advancing entrepreneurs with grown businesses that can command a stock of Ksh 250,000 and above.

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	x
Workplace visits
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Central, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 500
Maximum loan size	3,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	20%
GHS 1,000-5,000	80%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	DK

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 50,000
Maximum loan size	200,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	60%
KES 50,000-150,000	40%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	18.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	40%
Between 10 and 12 months	40%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	30%
Average grace period	0.3 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	48.00%
Highest quoted nominal interest	48.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance 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?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
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%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	2.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	4.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

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

Upfront Fees

	Fee 1
Description	Application 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	2.50%
% of loan amount - max	2.50%
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	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 200
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	0.33%
Maximum interest rate paid	0.50%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 800	GHS 1,500	GHS 2,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-10-01	2013-03-01	2013-03-01
Loan Term (Months)	6.0 months	6.0 months	6.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	GHS 224	GHS 420	GHS 560
True Price by Comp
Interest price component	75.6%	75.3%	75.3%
Fee Component	11.1%	11.0%	11.0%
Insurance Component	3.8%	3.8%	3.8%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	17.5%	17.6%	17.6%
Full APR (int fee ins tax dep)	108.0%	107.7%	107.7%
Transparency Index	44	45	45

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

Full Pricing Data

Imarika Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	KES 50,000	KES 100,000	KES 200,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-06-14	2013-06-19	2013-06-27
Loan Term (Months)	12.0 months	12.0 months	18.0 months
Grace Period (Months)	0.5 months	0.5 months	0.4 months
Total Cost of Credit	KES 13,250	KES 26,500	KES 75,000
True Price by Comp
Interest price component	38.8%	38.8%	39.0%
Fee Component	4.1%	4.1%	3.0%
Insurance Component	5.2%	5.2%	3.7%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	29.1%	22.1%	18.3%
Full APR (int fee ins tax dep)	77.2%	70.2%	64.0%
Transparency Index	29	31	34

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

Group Loan Price Graphs

Click to view Price Analysis Tool

Imarika Loan Price Graphs

Click to view Price Analysis Tool

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

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

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

Group Loan samples

Full Pricing Data

Imarika Loan samples

Group Loan Price Graphs

Imarika Loan Price Graphs

Total Borrowers of Samples

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