Number borrowers | 2,144 |
Loan Amount (range) | GHS 200 - 1,500 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits |
Annual Interest & Method | 28.1% annual, Flat |
Fees | 2.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 20.0% upfront |
Range of pricing | |
Interest Price Component | 42.7% - 47.5% |
Fee Component | 5.1% - 7.3% |
Insurance Component | 2.6% - 3.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 73.3% |
Transparency Index (min/max) | 23 - 38 |
Transparency Index (average) | 38 |
10,558 |
KES 500 - 100,000 |
1 |
Group Mtgs, Business Training |
60.0% annual, Flat |
10.00 upfront |
None |
None |
30.0% upfront 200.00 ongoing |
17.8% - 59.4% |
0.1% - 2.6% |
0 |
0 |
83.0% - 84.9% |
17 - 72 |
71 |
Outstanding portfolio (GHS) | GHS 413,529.71 |
Portfolio (USD) | USD 209,913.56 |
Active Clients with Loans | 2,144 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
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 |
Outstanding portfolio (KES) | KES 53,960,125 |
Portfolio (USD) | USD 651,692.33 |
Active Clients with Loans | 10,558 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 1,500 |
Loans less than GHS 1,000 | 70% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
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 500 |
Maximum loan size | 100,000 |
Loans less than KES 50,000 | 90% |
KES 50,000-150,000 | 10% |
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 | 1.0 month |
Longest loan term | 1.0 month |
Approx average | 1.0 month |
Loans 3 months or less | 100% |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
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 |
Lowest quoted nominal interest | 2.34% |
Highest quoted nominal interest | 2.34% |
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 | Commitment 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? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
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? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
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 | 8.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.00% |
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 | Loan Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 10 |
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? | No |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 200 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 800 | GHS 1,600 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-18 | 2013-03-18 | 2013-03-18 | ||
Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | ||
Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | ||
Total Cost of Credit | GHS 108.60 | GHS 173.76 | GHS 347.52 | ||
True Price by Comp | |||||
Interest price component | 42.7% | 42.7% | 42.7% | ||
Fee Component | 5.1% | 5.1% | 5.1% | ||
Insurance Component | 2.6% | 2.6% | 2.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 22.9% | 22.9% | 22.9% | ||
Full APR (int fee ins tax dep) | 73.3% | 73.3% | 73.3% | ||
Transparency Index | 38 | 38 | 38 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 20,000 | KES 40,000 | KES 92,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-11 | 2013-04-11 | 2013-04-10 | 2013-04-04 | |||
Loan Term (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | KES 510 | KES 1,010 | KES 2,010 | KES 4,610 | |||
True Price by Comp | |||||||
Interest price component | 57.5% | 59.4% | 59.4% | 59.4% | |||
Fee Component | 1.2% | 0.6% | 0.3% | 0.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 24.3% | 24.9% | 24.8% | 24.7% | |||
Full APR (int fee ins tax dep) | 83.0% | 84.9% | 84.5% | 84.2% | |||
Transparency Index | 72 | 71 | 71 | 71 | |||
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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