2. Action
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Action Now Kenya P.O. Box 8576Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 143 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.ank.or.ke
Year established2001
Head of InstitutionIrene Kamau
Regions activeNairobi, Rift Valley
# Branches3

Total Portfolio (nat'l)KES 4,973,979
Total Portfolio (USD)USD 60,072.21
Active clients with loans127
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Individual
Retired Product
This institution does not currently offer microloans, reported to MFTransparency on 2013-06-25
  2. Eshet
Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Eshet MFI Head OfficeAddis AbabaPO Box 23923
Data approved: 2011-12-23
Data version: 1
Age of data: 159 months

Product

Employee Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 2,641,693
Portfolio (USD)USD 143,570.27
Active Clients with Loans528
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is targeted at permanent employees of government and private organizations.
Loan Purpose
Any purposex
Income generation
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
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 500
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
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 interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
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 - min1.00%
% of loan amount - max1.00%
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 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

Full Pricing Data

Employee Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountETB 1,000ETB 2,300ETB 5,000ETB 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-09-092011-09-092011-09-152011-09-20
Loan Term (Months)6.0 months12.0 months18.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component26.4%26.8%27.0%27.5%
Insurance Component3.5%2.0%1.4%1.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.9%28.8%28.4%29.0%
Transparency Index50525352
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Employee Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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