| 33,227 |
| KES 5,000 - 500,000 |
| 1 - 18 |
| Credit Ins, Tech Asst Visits, Business Training |
| 20.0% annual, Flat |
| 2.00%-3.00% upfront |
| 0.63% upfront |
| None |
| N/A |
| 13.4% - 37.3% |
| 0 - 11.0% |
| 0 - 2.3% |
| 0 |
| 38.5% - 46.3% |
| 37 - 83 |
| 49 |
| Outstanding portfolio (KES) | KES 2,752,990,159 |
| Portfolio (USD) | USD 33,248,673.42 |
| Active Clients with Loans | 33,227 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | Operated the business for over a year |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 500,000 |
| Loans less than KES 50,000 | 15% |
| KES 50,000-150,000 | 30% |
| KES 150,000-250,000 | 20% |
| KES 250,000-350,000 | 20% |
| KES 350,000-450,000 | 10% |
| Greater than KES 450,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 30% |
| 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 | 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 | LACE (Loan Application & Credit Evaluation) Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Annual Insurance Fee |
| % of loan amount - min | 0.63% |
| % of loan amount - max | 0.63% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.625% per annum. |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 9,999.95 | KES 24,999.98 | KES 49,999.93 | KES 99,999.98 | KES 299,999.99 | KES 499,999.90 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-05-09 | 2013-05-27 | 2013-05-17 | 2013-05-10 | 2013-05-24 | 2013-05-03 | |||||
| Loan Term (Months) | 12.0 months | 6.0 months | 12.0 months | 6.0 months | 15.0 months | 15.0 months | |||||
| Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | 0.0 months | -0.1 months | 0.1 months | |||||
| Total Cost of Credit | KES 2,240.92 | KES 3,379.33 | KES 11,258.69 | KES 12,624.96 | KES 82,229.83 | KES 138,124.95 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 34.9% | 33.1% | 34.6% | 32.8% | 34.9% | 34.2% | |||||
| Fee Component | 4.0% | 10.9% | 4.0% | 7.1% | 3.3% | 3.2% | |||||
| Insurance Component | 1.3% | 2.3% | 1.3% | 2.2% | 1.1% | 1.1% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 40.2% | 46.3% | 39.9% | 42.1% | 39.3% | 38.5% | |||||
| Transparency Index | 50 | 43 | 50 | 48 | 51 | 52 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
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| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
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| to ∞ | ||||||
