Outstanding portfolio (GHS) | GHS 4,857,253 |
Portfolio (USD) | USD 2,465,610.66 |
Active Clients with Loans | 1,412 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | GHS |
Minimum loan size | GHS 500 |
Maximum loan size | 90,000 |
Loans less than GHS 1,000 | 30% |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | x |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment 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? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 700 | GHS 1,500 | GHS 3,000 | GHS 5,000 | GHS 10,000 | GHS 15,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-01-15 | 2012-09-04 | 2013-01-16 | 2013-03-07 | 2013-02-26 | 2013-03-22 | |||||
Loan Term (Months) | 10.0 months | 6.0 months | 6.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | -0.2 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 184.40 | GHS 255 | GHS 510 | GHS 1,550.04 | GHS 3,100.08 | GHS 4,650 | |||||
True Price by Comp | |||||||||||
Interest price component | 47.4% | 45.7% | 45.9% | 49.2% | 47.1% | 46.9% | |||||
Fee Component | 7.1% | 10.8% | 10.9% | 6.3% | 6.0% | 6.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 47.3% | 48.8% | 49.6% | 48.2% | 44.8% | 44.1% | |||||
Full APR (int fee ins tax dep) | 101.8% | 105.3% | 106.4% | 103.7% | 97.9% | 97.1% | |||||
Transparency Index | 28 | 27 | 26 | 27 | 29 | 29 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.adoktimo.com/ |
Year established | 2005 |
Head of Institution | Mr. Samuel Okelo Deya |
Regions active | |
# Branches | 22 |
Total Portfolio (nat'l) | KES 48,695,870 |
Total Portfolio (USD) | USD 588,114.37 |
Active clients with loans | 4,325 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | |
Funders |
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 |
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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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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