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 |
3,885 |
GHS 500 - 10,000 |
3 - 12 |
Business Training, Other Training |
36.0% annual, Flat |
3.00% upfront |
None |
None |
20.0%-25.0% upfront |
31.3% - 66.8% |
1.5% - 10.9% |
0 |
0 |
105.1% - 111.1% |
27 - 76 |
33 |
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% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
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) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Central, Eastern, Nairobi, Rift Valley |
Outstanding portfolio (GHS) | GHS 9,862,672.45 |
Portfolio (USD) | USD 5,006,432.72 |
Active Clients with Loans | 3,885 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Currency | KES |
Minimum loan size | KES 10,000 |
Maximum loan size | 200,000 |
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 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
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 usage | 30% |
Average grace period | 0.3 months |
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 |
Currency | GHS |
Minimum loan size | GHS 500 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 40% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
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 | 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 |
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 |
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 |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 100 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0.33% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment 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? | Yes |
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 | 20.00% - 25.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
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 | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 9,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-06-20 | 2013-05-28 | 2013-05-07 | 2013-06-19 | 2013-05-30 | ||||
Loan Term (Months) | 10.0 months | 10.0 months | 6.0 months | 12.0 months | 6.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | GHS 264 | GHS 495 | GHS 630 | GHS 2,340 | GHS 1,890 | ||||
True Price by Comp | |||||||||
Interest price component | 59.3% | 59.1% | 57.5% | 59.4% | 57.5% | ||||
Fee Component | 7.2% | 7.2% | 10.8% | 6.2% | 10.8% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 41.0% | 40.6% | 42.8% | 39.5% | 42.8% | ||||
Full APR (int fee ins tax dep) | 107.5% | 106.9% | 111.1% | 105.1% | 111.1% | ||||
Transparency Index | 34 | 34 | 32 | 34 | 32 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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