2. ASPI
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
  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

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra
Data approved: 2013-03-26
Data version: 2
Age of data: 139 months
Choose version

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 133 months
Choose version
  • No previous version for this product.

Product

Individual Loan Product 3 of 8 « Prev | Next »

Product

Payroll (MOU) Product 5 of 10 « Prev | Next »

Product Summary

Number borrowers236
Loan Amount (range)GHS 100 - 3,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Tech Asst Visits, Business Training, Health Education
Annual Interest & Method48.00% annual, Flat
Fees4.00% upfront
InsuranceNone
TaxNone
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component77.3% - 114.4%
Fee Component11.4% - 48.3%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)174.6% - 205.5%
Transparency Index (min/max)23 - 35
Transparency Index (average)25

Product Summary

1,392
KES 1 - 300,000
3 - 24
Credit Educ, Credit Ins
22.0% annual, Flat
100.00-1,000.00 upfront 3.00% ongoing
2.00% ongoing
None
N/A
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
43.7% - 49.1%
25 - 163
48

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 5,400
Portfolio (USD)USD 2,741.12
Active Clients with Loans236
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for individual clients. Usually the loan amount is higher than what is possible through a group loan.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
OtherHealth Education
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherMust provide a guarantor
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Volta Region

Product Details

Key Statistics
Outstanding portfolio (KES)KES 75,652,537.91
Portfolio (USD)USD 913,677.99
Active Clients with Loans1,392
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This payroll product targets employees working with both private and public companies. The companies sign a Memorandum of Understanding (MOU) with LKL.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00060%
GHS 1,000-5,00040%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months60%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 monthsx
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00020%
KES 50,000-150,00030%
KES 150,000-250,00030%
KES 250,000-350,00020%
KES 350,000-450,0000
Greater than KES 450,0000
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 less5%
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months50%
Between 13 and 18 months15%
Longer than 18 months20%
Grace Period
Grace period usage100%
Average grace period0.7 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 interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProessing Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
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 1
DescriptionDisbursement Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max1,000
Reason for variationVaries based on method of loan disbursement.
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionAdmnistration Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing 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
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

Full Pricing Data

Individual Loan samples
Sample 2Sample 3Sample 4
Loan AmountGHS 800GHS 1,400GHS 2,500
Loan Cycle (1, 2, 3, etc)22Not Known
Disbursement Date2013-01-122013-01-122013-04-17
Loan Term (Months)2.6 months3.5 months1.6 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 128GHS 280GHS 350.20
True Price by Comp     
Interest price component92.1%92.7%111.5%
Fee Component33.7%26.2%48.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component57.8%55.7%45.7%
Full APR (int fee ins tax dep)183.6%174.6%205.5%
Transparency Index262723
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Payroll (MOU) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,256.83KES 28,034.77KES 49,845.90KES 88,031.25KES 200,501.50KES 301,634.80
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-312013-08-262013-07-162013-06-212013-05-312013-07-31
Loan Term (Months)12.0 months19.0 months13.0 months19.0 months19.0 months19.0 months
Grace Period (Months)0.5 months0.7 months1.1 months0.8 months0.5 months0.6 months
Total Cost of CreditKES 2,664.26KES 11,928.16KES 15,945.37KES 37,892.99KES 83,583.57KES 125,656.21
True Price by Comp           
Interest price component39.1%39.0%38.9%39.0%39.1%39.1%
Fee Component6.9%3.3%4.3%2.9%3.0%2.9%
Insurance Component3.1%1.9%2.6%1.8%1.8%1.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.1%44.2%45.8%43.7%43.9%43.9%
Transparency Index455048505050
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Individual Loan Price Graphs


Click to view Price Analysis Tool
Payroll (MOU) Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

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