| Number borrowers | 52 |
| Loan Amount (range) | GHS 120 - 250 |
| Loan Term (range) | 4 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 30.00% annual, Flat |
| Fees | 1.00 upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A- upfront |
| Range of pricing | |
| Interest Price Component | 36.0% - 59.4% |
| Fee Component | 1.5% - 4.2% |
| Insurance Component | 0 - 2.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 63.0% - 69.5% |
| Transparency Index (min/max) | 21 - 48 |
| Transparency Index (average) | 45 |
| 177 |
| KES 10,000 - 80,000 |
| 3 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| 22.0% annual, Flat |
| 2.00% upfront |
| 2.50% upfront |
| None |
| 25.0% upfront 100.00 ongoing |
| 13.7% - 40.7% |
| 0 - 10.7% |
| 0 - 9.3% |
| 0 |
| 81.1% - 122.3% |
| 14 - 61 |
| 23 |
| Outstanding portfolio (GHS) | GHS 15,000 |
| Portfolio (USD) | USD 7,614.21 |
| Active Clients with Loans | 52 |
| Approximate % Female Clients | 80% - 100% |
| 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 | |
| Business training | |
| 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 | must be in a group and in the community |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Northern Region |
| Outstanding portfolio (KES) | KES 3,016,153 |
| Portfolio (USD) | USD 36,426.97 |
| Active Clients with Loans | 177 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| 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 | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley |
| Currency | GHS |
| Minimum loan size | GHS 120 |
| Maximum loan size | GHS 250 |
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| 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 | 4.0 months |
| Longest loan term | 4.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| 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 | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 80,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| 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 | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 30% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| 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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| 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 | Pass Book Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1 |
| Fixed amount - max | 1 |
| Reason for variation | N/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? | Yes |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | GHS 1 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| 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 | Application 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 | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.33% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 150 | GHS 200 | GHS 400 | ||
| Loan Cycle (1, 2, 3, etc) | 5 | 5 | 5 | ||
| Disbursement Date | 2013-03-19 | 2013-03-19 | 2013-03-19 | ||
| Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | GHS 16 | GHS 21 | GHS 41 | ||
| True Price by Comp | |||||
| Interest price component | 59.4% | 59.4% | 59.4% | ||
| Fee Component | 4.2% | 3.1% | 1.5% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 5.9% | 4.3% | 2.1% | ||
| Full APR (int fee ins tax dep) | 69.5% | 66.8% | 63.0% | ||
| Transparency Index | 43 | 45 | 48 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-13 | 2013-06-24 | 2013-06-15 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | ||
| Grace Period (Months) | 0.5 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,550 | KES 3,100 | KES 13,250 | ||
| True Price by Comp | |||||
| Interest price component | 36.7% | 36.6% | 38.3% | ||
| Fee Component | 7.2% | 7.2% | 4.1% | ||
| Insurance Component | 9.3% | 9.2% | 5.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 69.1% | 38.6% | 33.5% | ||
| Full APR (int fee ins tax dep) | 122.3% | 91.6% | 81.1% | ||
| Transparency Index | 18 | 24 | 27 | ||
| 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 |
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