Number borrowers | 519 |
Loan Amount (range) | GHS 5,000 - 50,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 36.00%-40.00% annual, Flat |
Fees | 2 fees |
Insurance | 1.00%-4.00% ongoing |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 46.3% - 64.7% |
Fee Component | 6.8% - 18.2% |
Insurance Component | 2.2% - 3.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 69.6% - 94.5% |
Transparency Index (min/max) | 22 - 52 |
Transparency Index (average) | 43 |
17,182 |
KES 5,000 - 300,000 |
6 - 36 |
Credit Educ, Credit Ins |
18.0%-20.0% annual, Flat |
2.00% upfront |
2.00% upfront |
None |
10.0%-25.0% upfront 200.00 ongoing |
26.8% - 38.7% |
2.0% - 7.5% |
2.1% - 7.7% |
0 |
61.6% - 91.2% |
13 - 51 |
23 |
Outstanding portfolio (GHS) | GHS 3,736,210 |
Portfolio (USD) | USD 1,896,553.30 |
Active Clients with Loans | 519 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | x |
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 | 10 |
# Regions for this product | 10 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
Outstanding portfolio (KES) | KES 396,977,940 |
Portfolio (USD) | USD 4,794,419.57 |
Active Clients with Loans | 17,182 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | |
Credit insurance | x |
Workplace visits | |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Currency | GHS |
Minimum loan size | GHS 5,000 |
Maximum loan size | 50,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 40% |
GHS 7,500-10,000 | 30% |
GHS 10,000-13,000 | 20% |
Greater than GHS 13,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 60% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
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 | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 5% |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 40.00% |
Reason(s) why interest rate varies | Time as Client, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Training Fee | |
% of loan amount - min | 3.50% | 0 | |
% of loan amount - max | 3.50% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
Ins 1 | |
---|---|
Description | Client Welfare Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Varies depending on loan term - 6 to 24 months. Fee is 2% p.a |
Appears on Repayment Sched? | No |
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 | 10.00% |
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 | 8.00% |
Maximum interest rate paid | 8.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing 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 | Risk Management 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 |
Required for | All |
Criteria | 10% for first cycle loans, 25% for multiple cycle loans. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 25.00% |
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 | 0.50% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 6,000 | GHS 8,500 | GHS 18,000 | GHS 15,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-02-04 | 2013-02-18 | 2013-02-01 | 2013-03-08 | |||
Loan Term (Months) | 8.0 months | 6.0 months | 13.0 months | 13.0 months | |||
Grace Period (Months) | 0.4 months | 0.5 months | 0.5 months | 0.5 months | |||
Total Cost of Credit | GHS 1,361 | GHS 2,052.62 | GHS 8,340.96 | GHS 6,900 | |||
True Price by Comp | |||||||
Interest price component | 46.3% | 63.5% | 61.2% | 60.9% | |||
Fee Component | 10.3% | 13.1% | 6.8% | 6.8% | |||
Insurance Component | 2.2% | 3.1% | 2.8% | 2.8% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 10.8% | 14.8% | 12.3% | 12.3% | |||
Full APR (int fee ins tax dep) | 69.6% | 94.5% | 83.1% | 82.8% | |||
Transparency Index | 52 | 38 | 43 | 43 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 45,000 | KES 90,000 | KES 180,000 | KES 300,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-03-05 | 2013-06-05 | 2013-05-29 | 2013-05-17 | 2013-05-17 | 2013-05-27 | |||||
Loan Term (Months) | 5.9 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | |||||
Total Cost of Credit | KES 1,399.90 | KES 6,000 | KES 10,800 | KES 21,600 | KES 75,600 | KES 120,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 34.3% | 35.4% | 35.4% | 35.4% | 33.0% | 31.5% | |||||
Fee Component | 7.3% | 4.1% | 4.1% | 4.1% | 2.2% | 2.1% | |||||
Insurance Component | 7.5% | 4.1% | 4.1% | 4.1% | 2.3% | 2.3% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 36.7% | 29.9% | 47.6% | 37.8% | 28.9% | 25.7% | |||||
Full APR (int fee ins tax dep) | 85.8% | 73.5% | 91.2% | 81.4% | 66.4% | 61.6% | |||||
Transparency Index | 21 | 24 | 20 | 22 | 27 | 29 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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