2. SMILE
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

S.M.I.L.E. Microfinance Limited 4, Dr.Natesan RoadAshok NagarChennai, Tamilnadu600083
Data approved: 2013-05-21
Data version: 1
Age of data: 139 months

Institution

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

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Product

Biashara Product 1 of 10 « Prev | Next »

Product Summary

Number borrowers360,271
Loan Amount (range)INR 5,000 - 30,000
Loan Term (range)6 - 24
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method26.0% annual, Decl Bal
Fees0.89% upfront
Insurance60.00-224.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.2% - 26.0%
Fee Component1.4% - 1.9%
Insurance Component1.3% - 2.8%
Tax Component Range0.2% - 0.3%
Full APR (int fee ins tax dep)28.7% - 30.9%
Transparency Index (min/max)84 - 91
Transparency Index (average)88

Product Summary

1,985
KES 50,000 - 3,000,000
3 - 24
Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
22.0% annual, Flat
3.00% upfront 100.00-1,000.00 upfront
2.00% upfront
None
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
44.3% - 64.0%
25 - 163
44

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,017,141,968
Portfolio (USD)USD 56,927,206.94
Active Clients with Loans360,271
Approximate % Female Clients100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are provided to the poor women for the following Income Generation Programmes (IGP) Small Business Ventures like Tea Shops, Snacks Shops, Wet Grinding, Tailoring etc. Agriculture and Allied Activities etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
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 institution2
# Regions for this product2
Regions ActiveTamil Nadu, Puducherry

Product Details

Key Statistics
Outstanding portfolio (KES)KES 267,734,546
Portfolio (USD)USD 3,233,509.01
Active Clients with Loans1,985
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is an SME loan given after LKL credit appraisal, sometimes requiring added collateral security depending on the risk level of the client.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00040%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 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 months5%
Between 13 and 18 months80%
Longer than 18 months15%
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 50,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00015%
KES 50,000-150,00015%
KES 150,000-250,00015%
KES 250,000-350,00015%
KES 350,000-450,00010%
Greater than KES 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months15%
Longer than 18 months10%
Grace Period
Grace period usage100%
Average grace period0.5 months
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 interest26.00%
Highest quoted nominal interest26.00%
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 - min0.89%
% of loan amount - max0.89%
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
DescriptionGTLI
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min60
Fixed amount - max224
Reason for variationRs. 60 for 1 year credit and Rs. 224 for 2 year product
Appears on Repayment Sched?Yes
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
Fee 1Fee 2
DescriptionAdministration FeeDisbursement Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max01,000
Reason for variationN/AVaries based on the method of disbursement.
Appears on Repayment Sched?NoNo
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 forSome
CriteriaUpfront compulsory deposit required only on loans below 300,000 KES which also do not have sufficient collateral. No continuing deposit requirement.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 10.00%
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

Micro Loan (IGP) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 10,000INR 20,000INR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-282013-03-012013-03-012013-03-01
Loan Term (Months)12.0 months12.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.2 months0.2 months0.1 months
Total Cost of CreditINR 746INR 1,426.99INR 4,065.98INR 4,873.98
True Price by Comp       
Interest price component26.0%25.2%25.4%25.6%
Fee Component1.9%1.9%1.4%1.5%
Insurance Component2.8%1.3%1.8%1.5%
Tax Component0.2%0.3%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.9%28.7%28.8%28.8%
MFIN MFI Earning (Annualised)27.9%27.1%26.8%27.1%
MFIN Cost to Borrower (Annualised)30.9%28.7%28.8%28.8%
Transparency Index84919090
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Biashara samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 50,000KES 100,000KES 200,000KES 350,000KES 400,000KES 500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-082013-08-272013-08-302013-08-302013-06-282013-07-22
Loan Term (Months)7.0 months13.0 months13.0 months13.0 months19.0 months13.0 months
Grace Period (Months)0.4 months0.5 months0.4 months0.4 months0.5 months0.5 months
Total Cost of CreditKES 9,028.03KES 28,563.74KES 56,390.19KES 98,532.80KES 158,201.27KES 143,038.90
True Price by Comp           
Interest price component37.3%37.4%37.4%37.4%37.4%37.4%
Fee Component10.2%5.7%5.8%5.8%4.1%5.6%
Insurance Component6.6%3.9%4.0%3.9%2.8%3.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component9.9%8.8%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)64.0%55.8%47.2%47.1%44.3%46.8%
Transparency Index343947475047
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Micro Loan (IGP) Price Graphs


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Biashara Price Graphs


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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
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