| 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 |
| 16,639 |
| INR 2,000 - 2,000 |
| 5.6 |
| Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
| 22.0% annual, Decl Bal |
| 1.00% upfront |
| 10.00-31.00 upfront |
| 12.36% fees |
| N/A |
| 21.8% - 34.0% |
| 1.1% - 11.6% |
| 0 - 16.6% |
| 0.1% - 1.5% |
| 33.4% |
| 51 - 92 |
| 66 |
| 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 (INR) | INR 18,388,620 |
| Portfolio (USD) | USD 346,955.09 |
| Active Clients with Loans | 16,639 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | To meet the expenses of the festival |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Jagruthi- Client Education Series |
| Other (2) | Socio-Economic Development Workshop |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Karnataka, Maharashtra, Tamil Nadu |
| 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 | INR |
| Minimum loan size | INR 2,000 |
| Maximum loan size | 2,000 |
| Loans less than INR 5,000 | 100% |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 5.6 months |
| Longest loan term | 5.6 months |
| Approx average | 5.6 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| 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 | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/a |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fees |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10 |
| Fixed amount - max | 31 |
| Reason for variation | Premium For Member (In case the member has no spouse or if spouse is not eligible for coverage, only member should be covered under the scheme)-Rs 10, Premium for member and spouse-Rs 31 |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 2,000 | INR 2,000 | INR 2,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-24 | 2013-04-24 | 2013-04-17 | ||
| Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | INR 165.47 | INR 165.47 | INR 165.47 | ||
| True Price by Comp | |||||
| Interest price component | 22.2% | 22.2% | 22.2% | ||
| Fee Component | 4.2% | 4.2% | 4.2% | ||
| Insurance Component | 6.5% | 6.5% | 6.5% | ||
| Tax Component | 0.5% | 0.5% | 0.5% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 33.4% | 33.4% | 33.4% | ||
| MFIN MFI Earning (Annualised) | 26.4% | 26.4% | 26.4% | ||
| MFIN Cost to Borrower (Annualised) | 33.4% | 33.4% | 33.4% | ||
| Transparency Index | 66 | 66 | 66 | ||
| MFIN Transparency Index | 99 | 99 | 99 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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