Business Initiative and Management Assistance Services - Mama Plus Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central

Data approved: 2013-07-16

Data version: 2

Age of data: 141 months

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Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra

Data approved: 2013-03-26

Data version: 2

Age of data: 139 months

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Product

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Product Summary

Number borrowers	1,362
Loan Amount (range)	KES 10,000 - 200,000
Loan Term (range)	6 - 12
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Annual Interest & Method	8.0% annual, Flat
Fees	3.00% upfront
Insurance	2.00% upfront
Tax	None
Comp Dep	15.0% upfront 100.00 ongoing
Range of pricing
Interest Price Component	13.7% - 40.7%
Fee Component	0 - 10.7%
Insurance Component	0 - 9.3%
Tax Component Range	0
Full APR (int fee ins tax dep)	33.3% - 57.4%
Transparency Index (min/max)	14 - 61
Transparency Index (average)	18

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 27,415,078
Portfolio (USD)	USD 331,099.98
Active Clients with Loans	1,362
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

For empowering women economically in partnership with the government onlending initiative (Women Enterprise Fund).

Loan Purpose

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

Included Services

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

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land
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 institution	4
# Regions for this product	4
Regions Active	Central, Eastern, Nairobi, Rift Valley

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (GHS)	GHS 7,000
Portfolio (USD)	USD 3,553.30
Active Clients with Loans	7
Approximate % Female Clients
Approximate % Urban Clients

Description

Designed for commercial car operators (ex. Taxi). Loans are given fo purchasing a vehicle, repairs, etc. Loan ranges from GHS 500-15000.

Loan Purpose

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 10,000
Maximum loan size	200,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	80%
KES 50,000-150,000	20%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

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

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	20%
Between 10 and 12 months	50%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	30%
Average grace period	0.3 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	8.00%
Highest quoted nominal interest	8.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Application 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

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?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 100
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0.33%
Maximum interest rate paid	0.50%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Mama Plus Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 10,000	KES 20,000	KES 50,000	KES 100,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-07-30	2013-07-31	2013-06-17	2013-01-27
Loan Term (Months)	6.0 months	6.0 months	6.0 months	12.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.0 months
Total Cost of Credit	KES 900	KES 1,800	KES 4,500	KES 13,000
True Price by Comp
Interest price component	13.7%	13.7%	13.7%	14.4%
Fee Component	10.7%	10.7%	10.7%	5.8%
Insurance Component	7.4%	7.4%	7.4%	4.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	25.6%	17.7%	13.8%	9.1%
Full APR (int fee ins tax dep)	57.4%	49.5%	45.6%	33.3%
Transparency Index	14	16	18	24

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

Mama Plus Loan Price Graphs

Click to view Price Analysis Tool

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
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

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

Full Pricing Data

Mama Plus Loan samples

Mama Plus Loan Price Graphs

Total Borrowers of Samples

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