2. L & T Finance
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. LKL
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

L & T Finance Ltd 3rd Floor, Metropolitan, Bandra East, BKCMumbai, MaharastraPO Box 400051
Data approved: 2012-12-19
Data version: 2
Age of data: 139 months
Choose version

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 133 months
Choose version

Product

JLG_FY12 Product 2 of 2 « Prev | Next »

Product

Maji Nyumbani Product 3 of 10 « Prev | Next »

Product Summary

Number borrowers399,880
Loan Amount (range)INR 5,000 - 15,000
Loan Term (range)12
Other Services (text summary)Credit Educ, Group Mtgs
Annual Interest & Method22.0% annual, Decl Bal
Fees0.88% upfront
InsuranceNone
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component21.9% - 23.7%
Fee Component1.8% - 1.9%
Insurance Component0
Tax Component Range0.2% - 0.3%
Full APR (int fee ins tax dep)24.0% - 25.7%
Transparency Index (min/max)86 - 92
Transparency Index (average)90

Product Summary

363
KES 6,192 - 63,184
3 - 12
Credit Educ, Other Training
22.0% annual, Flat
None
2.00% upfront
None
10.0%-20.0% upfront
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
49.8% - 52.0%
25 - 163
43

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,971,550,546
Portfolio (USD)USD 37,199,066.91
Active Clients with Loans399,880
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
JLG_FY12 is a micro loan upto Rs.15,000 given to joint liability groups of 4-6 individuals. It is offered for productive, income generating purposes that are related to agri & allied services, small business and trading activities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
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
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveAndhra Pradesh, Gujarat, Karnataka, Maharashtra, Orissa, Tamil Nadu, West Bengal

Product Details

Key Statistics
Outstanding portfolio (KES)KES 4,978,829.61
Portfolio (USD)USD 60,130.79
Active Clients with Loans363
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is offered in partnership with water tank manufacturing companies. LKL finances the purchase of such tanks, giving the client the comfort of paying in installments.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherThis loan is for the purchase of water tanks only
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 6,192
Maximum loan size63,184
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
KES 150,000-250,0000
KES 250,000-350,0000
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 average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
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
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
Criteria10% upfront deposit requirement on individual loans, 20% upfront deposit requirement on group loans.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
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

JLG_FY12 samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 6,000INR 10,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-052012-11-082012-11-082012-11-08
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.1 months0.0 months0.0 months0.0 months
Total Cost of CreditINR 831.99INR 1,244.99INR 1,489.99INR 1,864.99
True Price by Comp       
Interest price component23.7%21.9%21.9%21.9%
Fee Component1.8%1.9%1.8%1.9%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.2%0.2%0.3%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.7%24.0%24.0%24.0%
MFIN MFI Earning (Annualised)25.5%23.8%23.7%23.8%
MFIN Cost to Borrower (Annualised)25.7%24.0%24.0%24.0%
Transparency Index86929292
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Maji Nyumbani samples
Sample 1Sample 2Sample 3
Loan AmountKES 8,048KES 26,912KES 53,824
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-07-312013-06-042013-04-04
Loan Term (Months)12.0 months9.0 months12.0 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditKES 1,960.55KES 5,097.66KES 13,111.86
True Price by Comp     
Interest price component37.9%38.4%38.5%
Fee Component0.0%0.0%0.0%
Insurance Component3.9%5.1%3.9%
Tax Component0.0%0.0%0.0%
Deposit Component8.0%8.5%8.3%
Full APR (int fee ins tax dep)49.8%52.0%50.7%
Transparency Index444243
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
JLG_FY12 Price Graphs


Click to view Price Analysis Tool
Maji Nyumbani Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞