2. Bonzali Rural
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bonzali Rural Bank KumbunguNorthern RegionPO Box 1197
Data approved: 2011-12-07
Data version: 1
Age of data: 157 months

Product

Bonzali Microfinance Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,104,100
Portfolio (USD)USD 1,068,071.07
Active Clients with Loans8,500
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The Bonzali Microfinance loans have weekly, bi-weekly and monthly repayment loans. They are usually group loans using the group solidarity method.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
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 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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
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

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionMembership Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max2
Reason for variationLoans above 500 GHS attract a fee of 2 cedis. Below it is 1 GHS
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedGHS 1 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Bonzali Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 800GHS 1,600GHS 2,200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-182011-03-182011-03-182011-03-18
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component80.6%81.3%80.6%80.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component20.2%17.7%16.7%16.4%
Full APR (int fee ins tax dep)100.8%99.0%97.3%96.5%
Transparency Index30303131
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Bonzali Microfinance Loan Price Graphs


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  2. Adok Timo
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Adok Timo KisumuKenyaP.O. Box 3650
Data approved: 2010-09-12
Data version: 1
Age of data: 172 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.adoktimo.com/
Year established2005
Head of InstitutionMr. Samuel Okelo Deya
Regions active
# Branches22

Total Portfolio (nat'l)KES 48,695,870
Total Portfolio (USD)USD 588,114.37
Active clients with loans4,325
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliations
Funders

Loan Products » Summary

Agribusiness
260 Borrowers
USD 29,405.72 Portfolio
Active Product
Asset
865 Borrowers
USD 176,434.31 Portfolio
Active Product
Business
2,984 Borrowers
USD 352,868.62 Portfolio
Active Product
School Fee
173 Borrowers
USD 11,762.29 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agribusiness Loan KES 10,000 - 100,000 1 - 12 40% - 60% 0% - 20% Business Women, Men, Must be active in agricultural activities Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Asset Financing Loan KES 20,000 - 300,000 12 20% - 40% 20% - 40% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Business Loan KES 6,400 - 500,000 1 - 12 60% - 80% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
School Fees Loan KES 20,000 - 100,000 1 - 12 20% - 40% 20% - 40% Education Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agribusiness Loan 19.2%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 29.4% - 31.4% 38.3% - 40.9% 49
Asset Financing Loan 19.2%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 48.4% - 53% 79.9% - 87.8% 23
Business Loan 19.2%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 46.2% - 55.3% 75.8% - 91.9% 23
School Fees Loan 19.2%-24.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 48.6% - 49.3% 80.6% - 81.4% 24
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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