Number borrowers | 89,438 |
Loan Amount (range) | INR 8,000 - 22,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 12.5% annual, Flat |
Fees | 1.00%-2.00% upfront |
Insurance | 145.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 26.2% - 27.7% (Int+Fee) |
Insurance Component | 0 - 4.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 28.3% - 32.2% |
Transparency Index (min/max) | 39 - 45 |
Transparency Index (average) | 41 |
2,298 |
KES 1 - 1,000,000 |
3 - 60 |
Credit Educ |
23.3%-30.0% annual, Flat |
100.00-1,000.00 upfront 3.00% ongoing |
2.00% ongoing |
None |
N/A |
25.3% - 51.1% |
0 - 10.2% |
0 - 9.6% |
0 |
50.9% - 52.4% |
25 - 163 |
45 |
Outstanding portfolio (INR) | INR 611,010,500 |
Portfolio (USD) | USD 11,528,500 |
Active Clients with Loans | 89,438 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | A fast track model - drawn upon the positive features of 'Grameen' and 'SHG' methodology.\r |
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 | |
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 | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (KES) | KES 127,993,040.70 |
Portfolio (USD) | USD 1,545,809.67 |
Active Clients with Loans | 2,298 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
Currency | INR |
Minimum loan size | INR 8,000 |
Maximum loan size | 22,000 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 1 |
Maximum loan size | 1,000,000 |
Loans less than KES 50,000 | 10% |
KES 50,000-150,000 | 10% |
KES 150,000-250,000 | 20% |
KES 250,000-350,000 | 20% |
KES 350,000-450,000 | 20% |
Greater than KES 450,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 50% |
Grace period usage | 100% |
Average grace period | 1.5 months |
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 | 12.50% |
Highest quoted nominal interest | 12.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% 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 | Documentation Charges + Insurance (Saadhana Social Security Scheme) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 145 |
Fixed amount - max | 145 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 |
Lowest quoted nominal interest | 1.94% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
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 | Disbursement Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 1,000 |
Reason for variation | Varies based on method of loan disbursement. |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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? | 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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 10,000 | INR 20,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 6 | 7 | |||
Disbursement Date | 2010-06-01 | 2010-06-01 | 2010-06-01 | 2010-06-01 | |||
Loan Term (Months) | 11.7 months | 11.7 months | 11.7 months | 11.7 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 27.7% | 27.7% | 26.2% | 26.2% | |||
Insurance Component | 4.4% | 4.4% | 2.2% | 2.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 32.2% | 32.2% | 28.3% | 28.3% | |||
MFIN MFI Earning (Annualised) | 27.7% | 27.7% | 26.2% | 26.2% | |||
MFIN Cost to Borrower (Annualised) | 32.2% | 32.2% | 28.3% | 28.3% | |||
Transparency Index | 39 | 39 | 44 | 44 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 9,300 | KES 22,072.17 | KES 50,000.29 | KES 89,100 | KES 299,999.98 | KES 419,199.98 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-06-07 | 2013-05-08 | 2013-06-13 | 2013-07-05 | 2013-08-02 | 2013-04-15 | |||||
Loan Term (Months) | 26.0 months | 50.0 months | 50.0 months | 50.0 months | 51.0 months | 50.0 months | |||||
Grace Period (Months) | 1.7 months | 1.6 months | 1.5 months | 1.7 months | 1.8 months | 1.4 months | |||||
Total Cost of Credit | KES 6,847.03 | KES 34,293.59 | KES 77,560.23 | KES 145,171.29 | KES 490,049.12 | KES 649,623.53 | |||||
True Price by Comp | |||||||||||
Interest price component | 47.0% | 49.4% | 49.8% | 51.1% | 51.0% | 50.0% | |||||
Fee Component | 2.8% | 1.0% | 1.0% | 0.8% | 0.8% | 0.8% | |||||
Insurance Component | 1.1% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | |||||
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) | 50.9% | 50.9% | 51.3% | 52.4% | 52.3% | 51.4% | |||||
Transparency Index | 46 | 46 | 45 | 44 | 45 | 45 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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