Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1986 |
Head of Institution | Nantogma Issah Abdulai |
Regions active | |
# Branches | 6 |
Total Portfolio (nat'l) | GHS 927,856 |
Total Portfolio (USD) | USD 470,992.89 |
Active clients with loans | 8,970 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | ASSFIN, GHAMFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | GHS 300 - 500 | 6 - 12 | 40% - 60% | 0% - 20% | Business, Farming | Women, Men, Must be in a group, must have a farm | Group Mtgs, Credit Ins, Other Training | |||||||
Agro-Processing Loan | GHS 100 - 2,100 | 6 - 12 | 80% - 100% | 0% - 20% | Business, for agro-processing activities | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Trading Loan | GHS 100 - 1,200 | 12 | 80% - 100% | 20% - 40% | Business, petty trading | Women | Credit Educ, Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 20.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 29.8% - 30.1% | 29.8% - 30.1% | 66 | ||||||||
Agro-Processing Loan | 27.00%-30.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 44.4% - 57.6% | 52.1% - 68.6% | 45 | ||||||||
Trading Loan | 27.00%-30.00% annual, Flat | 2 Fees | 0 Ins | None | N/A | 51.2% - 60.8% | 51.2% - 60.8% | 47 |
Outstanding portfolio (KES) | KES 341,540,495 |
Portfolio (USD) | USD 4,124,885.21 |
Active Clients with Loans | 14,176 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
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 | |
Business training | x |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 140,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 70% |
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 | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 1.67% |
Highest quoted nominal interest | 1.67% |
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 | upfront 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? | Yes |
Do borrowers control deposit in their group? | Yes |
% 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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 70,000 | Real | 2015-03-09 | 11.1 months | N/A | KES 15,023 | 63.8% | 35.7% | 6.6% | 0.0% | 0.0% | 21.5% | 31 | ||
KES 70,000 | Generated | 2015-03-01 | 11.5 months | N/A | KES 15,551.51 | 64.7% | 36.3% | 6.5% | 0.0% | 0.0% | 21.9% | 31 | - | |
KES 20,000 | Real | 2015-03-26 | 5.7 months | N/A | KES 2,631 | 67.4% | 34.9% | 11.2% | 0.0% | 0.0% | 21.3% | 30 | ||
KES 20,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 2,444.78 | 74.3% | 35.9% | 12.6% | 0.0% | 0.0% | 25.8% | 27 | - | |
KES 15,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 1,833.58 | 74.3% | 35.9% | 12.6% | 0.0% | 0.0% | 25.8% | 27 | - | |
KES 25,000 | Generated | 2015-03-01 | 5.5 months | N/A | KES 3,055.97 | 74.3% | 35.9% | 12.6% | 0.0% | 0.0% | 25.8% | 27 | - | |
KES 45,000 | Generated | 2015-03-01 | 11.5 months | N/A | KES 9,997.40 | 64.7% | 36.3% | 6.5% | 0.0% | 0.0% | 21.9% | 31 | - | |
KES 90,000 | Generated | 2015-03-01 | 12.0 months | N/A | KES 20,736 | 60.4% | 34.7% | 6.0% | 0.0% | 0.0% | 19.7% | 33 | - | |
KES 135,000 | Generated | 2015-03-01 | 12.0 months | N/A | KES 31,104 | 60.4% | 34.7% | 6.0% | 0.0% | 0.0% | 19.7% | 33 | - | |
KES 150,000 | Generated | 2015-03-01 | 11.5 months | N/A | KES 33,324.66 | 64.7% | 36.3% | 6.5% | 0.0% | 0.0% | 21.9% | 31 | - |
Key Statistics | |
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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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