Number borrowers | 8,500 |
Loan Amount (range) | GHS 200 - 3,000 |
Loan Term (range) | 4 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training |
Annual Interest & Method | 30.00% annual, Flat |
Fees | 1.00-2.00 upfront |
Insurance | None |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 80.1% - 81.3% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 96.5% - 100.8% |
Transparency Index (min/max) | 14 - 51 |
Transparency Index (average) | 30 |
368 |
KES 5,000 - 100,000 |
3 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance |
16.0% annual, Flat |
500.00-0.00 upfront |
1.60%-3.00% upfront |
None |
10.0% upfront |
29.8% - 41.0% |
2.6% - 20.5% |
1.8% - 6.9% |
0 |
45.6% - 59.7% |
16 - 36 |
33 |
Outstanding portfolio (GHS) | GHS 2,104,100 |
Portfolio (USD) | USD 1,068,071.07 |
Active Clients with Loans | 8,500 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (KES) | KES 8,940,021.52 |
Portfolio (USD) | USD 107,971.27 |
Active Clients with Loans | 368 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Fire/Burglary Insurance |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be attending an educational institution or have a dependent attending |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Nairobi, Nyanza, Rift Valley, Western |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 3,000 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 100,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Membership Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1 |
Fixed amount - max | 2 |
Reason for variation | Loans above 500 GHS attract a fee of 2 cedis. Below it is 1 GHS |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | GHS 1 - N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 16.00% |
Reason(s) why interest rate varies | Branch |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 500 |
Fixed amount - max | 0 |
Reason for variation | 2% with KES 500 minimum |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.60% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | <12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing. |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 800 | GHS 1,600 | GHS 2,200 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-03-18 | 2011-03-18 | 2011-03-18 | 2011-03-18 | |||
Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | 3.7 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 80.6% | 81.3% | 80.6% | 80.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 20.2% | 17.7% | 16.7% | 16.4% | |||
Full APR (int fee ins tax dep) | 100.8% | 99.0% | 97.3% | 96.5% | |||
Transparency Index | 30 | 30 | 31 | 31 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-15 | 2013-05-14 | 2013-05-14 | 2013-05-30 | |||
Loan Term (Months) | 9.0 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 | |||
Total Cost of Credit | KES 1,856.71 | KES 4,889.04 | KES 9,778.08 | KES 19,556.16 | |||
True Price by Comp | |||||||
Interest price component | 30.0% | 29.8% | 29.9% | 29.9% | |||
Fee Component | 14.0% | 4.2% | 4.2% | 4.2% | |||
Insurance Component | 4.7% | 3.5% | 3.4% | 3.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 11.0% | 8.1% | 8.2% | 8.2% | |||
Full APR (int fee ins tax dep) | 59.7% | 45.6% | 45.7% | 45.7% | |||
Transparency Index | 27 | 35 | 35 | 35 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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