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 |
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 |
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 |
Outstanding portfolio (RWF) | RWF 29,276,392 |
Portfolio (USD) | USD 46,470 |
Active Clients with Loans | 95 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must own a guarantee |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Kicukiro |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 1,600,000 |
Loans less than RWF 500,000 | 40% |
RWF 500,000-1,500,000 | 50% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 70% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 0 |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Frais d'Etudes du Dossiers | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 2.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-08-11 | 2012-04-20 | 2012-05-07 | 2012-06-27 | |||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Total Cost of Credit | RWF 15,000 | RWF 67,500 | RWF 135,000 | RWF 270,000 | |||
True Price by Comp | |||||||
Interest price component | 39.2% | 40.9% | 40.8% | 41.0% | |||
Fee Component | 10.7% | 6.0% | 6.0% | 6.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 9.6% | 9.1% | 9.0% | 9.0% | |||
Full APR (int fee ins tax dep) | 59.5% | 56.0% | 55.8% | 56.0% | |||
Transparency Index | 40 | 43 | 43 | 43 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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