2. The Bridge
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. KADET
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

The Bridge Financial Services Limited TamaleNorthern RegionPO Box TL 2124
Data approved: 2011-12-07
Data version: 1
Age of data: 157 months

Institution

Kenya Agency for Development & Enterprise Technology P.O. Box 1676Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 141 months
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Product

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Product Summary

Number borrowers415
Loan Amount (range)GHS 100 - 200
Loan Term (range)12 - 16
Other Services (text summary)Credit Ins
Annual Interest & Method36.00% annual, Flat
Fees2 upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component77.7% (Int+Fee)
Insurance Component0 - 58.2%
Tax Component Range0
Full APR (int fee ins tax dep)77.7%
Transparency Index (min/max)0 - N/A
Transparency Index (average)46

Product Summary

255
KES 5,000 - 1,600,000
3 - 12
Credit Ins
18.0%-19.5% annual, Flat
3.00% upfront
1.20% upfront
None
20.0%-30.0% upfront 400.00 ongoing
 
19.3% - 39.1%
3.3% - 11.5%
1.4% - 4.7%
0
70.6% - 104.4%
17 - 51
21

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 35,680
Portfolio (USD)USD 18,111.68
Active Clients with Loans415
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is only available to women in petty trading and those who needs capital to go into petty trading businesses. The membership is voluntary and agrees to share common risk by acting as guarantors to each other.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveNorthern Region

Product Details

Key Statistics
Outstanding portfolio (KES)KES 15,278,267
Portfolio (USD)USD 184,520.13
Active Clients with Loans255
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan to purchase assets for business or home use.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan sizeGHS 200
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term16.0 months
Approx average16.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size1,600,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00010%
KES 50,000-150,00060%
KES 150,000-250,00015%
KES 250,000-350,00015%
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min2
Fixed amount - max2
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest19.50%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Application Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Loan Protection Fee
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaUpfront: Sol group loans =20%. Individual loans =30%.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - 30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 400
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

The Bridge Petty Trading Group samples
Sample 1Sample 2Sample 3
Loan AmountGHS 200GHS 200GHS 200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-06-062011-04-222011-06-06
Loan Term (Months)3.7 months3.7 months3.7 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component77.7%77.7%77.7%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)77.7%77.7%77.7%
Transparency Index464646
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Asset Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 12,000KES 25,000KES 50,000KES 95,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-262013-01-242013-03-252013-05-17
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months
Grace Period (Months)-0.2 months-0.1 months-0.1 months0.1 months
Total Cost of CreditKES 1,824KES 6,549.96KES 13,100KES 24,890
True Price by Comp       
Interest price component38.6%39.1%38.5%37.4%
Fee Component11.5%6.2%6.2%6.0%
Insurance Component4.7%2.6%2.5%2.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component49.6%39.5%30.0%24.8%
Full APR (int fee ins tax dep)104.4%87.4%77.2%70.6%
Transparency Index17212325
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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# Countries
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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