Adok Timo - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 174 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Adok Timo KisumuKenyaP.O. Box 3650

Data approved: 2010-09-12

Data version: 1

Age of data: 174 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.adoktimo.com/
Year established	2005
Head of Institution	Mr. Samuel Okelo Deya
Regions active
# Branches	22

Total Portfolio (nat'l)	KES 48,695,870
Total Portfolio (USD)	USD 588,114.37
Active clients with loans	4,325
Approximate % female clients	60% - 80%
Approximate % urban clients	0% - 20%
Network affiliations
Funders

Loan Products » Summary

Agribusiness

260 Borrowers

USD 29,405.72 Portfolio

Active Product

Asset

865 Borrowers

USD 176,434.31 Portfolio

Active Product

Business

2,984 Borrowers

USD 352,868.62 Portfolio

Active Product

School Fee

173 Borrowers

USD 11,762.29 Portfolio

Active Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Agribusiness Loan	KES 10,000 - 100,000	1 - 12	40% - 60%	0% - 20%	Business	Women, Men, Must be active in agricultural activities	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Asset Financing Loan	KES 20,000 - 300,000	12	20% - 40%	20% - 40%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Business Loan	KES 6,400 - 500,000	1 - 12	60% - 80%	0% - 20%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
School Fees Loan	KES 20,000 - 100,000	1 - 12	20% - 40%	20% - 40%	Education	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Agribusiness Loan	19.2%-24.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront	29.4% - 31.4%	38.3% - 40.9%	49
Asset Financing Loan	19.2%-24.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront	48.4% - 53%	79.9% - 87.8%	23
Business Loan	19.2%-24.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront	46.2% - 55.3%	75.8% - 91.9%	23
School Fees Loan	19.2%-24.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront	48.6% - 49.3%	80.6% - 81.4%	24

Institution Price Graph

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Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Wisdom Microfinance Institution S.Co Bole Sub CityAddis Ababa31478

Data approved: 2012-03-12

Data version: 1

Age of data: 156 months

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Product

Agricultural Loan Product 2 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 76,625,544
Portfolio (USD)	USD 4,164,431.74
Active Clients with Loans	34,703
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This loan is offered on group basis. Loan size can range from 2500-5000 and group size is can be 5 to 35.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	75% of group members has to be women
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	ETB
Minimum loan size	ETB 2,500
Maximum loan size	4,500

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	9.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	19.50%
Highest quoted nominal interest	19.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	service charge
% of loan amount - min	2.50%
% of loan amount - max	2.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit life insurance
% 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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	ETB 10 - N/A
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

5% interest on saving is compounded monthly

Full Pricing Data

Agricultural Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	ETB 3,000	ETB 3,000	ETB 3,500
Loan Cycle (1, 2, 3, etc)	4	4	4
Disbursement Date	2011-12-16	2011-12-16	2011-12-16
Loan Term (Months)	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	22.1%	22.1%	22.1%
Insurance Component	2.3%	2.3%	2.3%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	3.8%	3.8%	3.7%
Full APR (int fee ins tax dep)	28.1%	28.1%	28.1%
Transparency Index	69	69	69

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Agricultural Loan 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

	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

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

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Agricultural Loan samples

Agricultural Loan Price Graphs

Total Borrowers of Samples

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