| 2,298 |
| KES 1 - 1,000,000 |
| 3 - 60 |
| Credit Educ |
| 23.3%-30.0% 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 |
| 50.9% - 52.4% |
| 25 - 163 |
| 45 |
| Outstanding portfolio (KES) | KES 127,993,040.70 |
| Portfolio (USD) | USD 1,545,809.67 |
| Active Clients with Loans | 2,298 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| 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 | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
| Currency | KES |
| Minimum loan size | KES 1 |
| Maximum loan size | 1,000,000 |
| Loans less than KES 50,000 | 10% |
| KES 50,000-150,000 | 10% |
| KES 150,000-250,000 | 20% |
| KES 250,000-350,000 | 20% |
| KES 350,000-450,000 | 20% |
| Greater than KES 450,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 60.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 50% |
| Grace period usage | 100% |
| Average grace period | 1.5 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.94% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | Time as Client, Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Disbursement Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 1,000 |
| Reason for variation | Varies based on method of loan disbursement. |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Administration 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? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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 |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 9,300 | KES 22,072.17 | KES 50,000.29 | KES 89,100 | KES 299,999.98 | KES 419,199.98 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-06-07 | 2013-05-08 | 2013-06-13 | 2013-07-05 | 2013-08-02 | 2013-04-15 | |||||
| Loan Term (Months) | 26.0 months | 50.0 months | 50.0 months | 50.0 months | 51.0 months | 50.0 months | |||||
| Grace Period (Months) | 1.7 months | 1.6 months | 1.5 months | 1.7 months | 1.8 months | 1.4 months | |||||
| Total Cost of Credit | KES 6,847.03 | KES 34,293.59 | KES 77,560.23 | KES 145,171.29 | KES 490,049.12 | KES 649,623.53 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 47.0% | 49.4% | 49.8% | 51.1% | 51.0% | 50.0% | |||||
| Fee Component | 2.8% | 1.0% | 1.0% | 0.8% | 0.8% | 0.8% | |||||
| Insurance Component | 1.1% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 50.9% | 50.9% | 51.3% | 52.4% | 52.3% | 51.4% | |||||
| Transparency Index | 46 | 46 | 45 | 44 | 45 | 45 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| 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 ∞ | ||||||
