2. CFF
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. MKL
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cedi Finance Foundation Head OfficeAsafoKumasi, AshantiPO Box KS 12683
Data approved: 2013-02-21
Data version: 2
Age of data: 139 months
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Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100
Data approved: 2015-03-27
Data version: 1
Age of data: 117 months

Product

Business Loan Product 1 of 1 « Prev | Next »

Product

Tuelimike ( School Fee Loan) Product 3 of 6 « Prev | Next »

Product Summary

Number borrowers109
Loan Amount (range)GHS 200 - 3,000
Loan Term (range)4 - 9
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method48.00% annual, Flat
Fees1.00% upfront
InsuranceNone
TaxNone
Comp Dep33.30% upfront
Range of pricing 
Interest Price Component68.2% - 77.5%
Fee Component2.7% - 4.7%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)141.6% - 150.5%
Transparency Index (min/max)32 - 34
Transparency Index (average)32

Product Summary

1,189
KES 5,000 - 70,000
3 - 9
Group Mtgs, Business Training, Other Training
22.0% annual, Flat
3.00% upfront
None
None
20.0% upfront
 
34.7% - 93.6%
0 - 12.6%
0
0
67.2% - 79.2%
27 - 96
29

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 27,463
Portfolio (USD)USD 13,940.61
Active Clients with Loans109
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is an agricultural loan designed to finance primary producers.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherSmall-scale businesses
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be an active farmer.
Other (2)Must be a farmer group member, and live in the same community as the group.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveEastern Region, Ashanti Region

Product Details

Key Statistics
Outstanding portfolio (KES)KES 12,718,447
Portfolio (USD)USD 153,604.43
Active Clients with Loans1,189
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targets clients who either have children in school or are undertaking colledge training themselves.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution5
# Regions for this product4
Regions ActiveCoast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00090%
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 term4.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period6 months
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size70,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months50%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 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
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited33.30%
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
Descriptionupfront
% 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?Yes
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?Yes
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

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 600GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)911Not Known
Disbursement Date2012-12-062012-12-062013-02-072013-01-14
Loan Term (Months)6.0 months4.4 months4.4 months9.0 months
Grace Period (Months)0.7 months0.7 months0.7 months0.7 months
Total Cost of CreditGHS 75GHS 102GHS 255GHS 1,110
True Price by Comp       
Interest price component74.1%68.2%68.2%77.5%
Fee Component3.5%4.7%4.7%2.7%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component72.4%68.7%68.7%70.3%
Full APR (int fee ins tax dep)150.0%141.6%141.6%150.5%
Transparency Index32343432
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Tuelimike ( School Fee Loan) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
KES 5,000 Generated 2015-03-01 5.5 months N/A KES 655.38 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 5,750 Generated 2015-03-01 8.7 months N/A KES 1,092.71 72.9% 39.6% 8.4% 0.0% 0.0% 24.9% 30 - PDF
KES 18,000 Generated 2015-03-01 5.5 months N/A KES 2,359.37 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 25,875 Generated 2015-03-01 8.7 months N/A KES 4,917.21 72.9% 39.6% 8.4% 0.0% 0.0% 24.9% 30 - PDF
KES 36,000 Generated 2015-03-01 5.5 months N/A KES 4,718.74 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 48,000 Generated 2015-03-01 9.0 months N/A KES 9,352.82 67.2% 37.6% 7.7% 0.0% 0.0% 21.9% 33 - PDF
KES 60,000 Generated 2015-03-01 5.5 months N/A KES 7,864.57 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 70,000 Generated 2015-03-01 9.0 months N/A KES 13,639.53 67.2% 37.6% 7.7% 0.0% 0.0% 21.9% 33 - PDF
Business Loan Price Graphs


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Tuelimike ( School Fee 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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