Number borrowers | 156 |
Loan Amount (range) | KES 300,000 - 3,000,000 |
Loan Term (range) | 18 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins, Business Training |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 2.50% upfront 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 1,000.00 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) | 46.2% - 48.2% |
Transparency Index (min/max) | 14 - 61 |
Transparency Index (average) | 47 |
53 |
GHS 5,000 - 100,000 |
3 - 37 |
Credit Educ |
39.0% annual, Decl Bal |
3.50% upfront 3.00 upfront |
1.00% ongoing |
None |
15.0% upfront |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
55.6% - 61.3% |
31 - 88 |
66 |
Outstanding portfolio (KES) | KES 108,000,000 |
Portfolio (USD) | USD 1,304,347.83 |
Active Clients with Loans | 156 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 3 |
Regions Active | Central, Eastern, Nairobi |
Outstanding portfolio (GHS) | GHS 476,439 |
Portfolio (USD) | USD 241,847.21 |
Active Clients with Loans | 53 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Institutional loan |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Financing church building |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | Fully registered functioning church |
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 300,000 |
Maximum loan size | 3,000,000 |
Loans less than KES 50,000 | 0 |
KES 50,000-150,000 | 0 |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 30% |
KES 350,000-450,000 | 20% |
Greater than KES 450,000 | 20% |
Shortest loan term | 18.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 30% |
Longer than 18 months | 70% |
Grace period usage | 10% |
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 5,000 |
Maximum loan size | 100,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 20% |
Greater than GHS 13,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 37.0 months |
Approx average | 20.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 30% |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Appraisal Fee | |
% of loan amount - min | 2.50% | 2.00% | |
% of loan amount - max | 2.50% | 2.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 1,000 |
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 | 39.00% |
Highest quoted nominal interest | 39.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Application Fee | |
% of loan amount - min | 3.50% | 0 | |
% of loan amount - max | 3.50% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance 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 | 1% of total loan amount, divided and charged equally throughout loan term. |
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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KES 300,000 | KES 420,000 | KES 500,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-07-26 | 2013-07-19 | 2013-04-29 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 18.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | KES 151,500 | KES 212,100 | KES 197,500 | ||
True Price by Comp | |||||
Interest price component | 37.1% | 37.1% | 37.6% | ||
Fee Component | 5.1% | 5.1% | 6.5% | ||
Insurance Component | 2.3% | 2.3% | 2.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 2.4% | 1.7% | 1.2% | ||
Full APR (int fee ins tax dep) | 46.9% | 46.2% | 48.2% | ||
Transparency Index | 47 | 48 | 46 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 6,000 | GHS 9,000 | GHS 12,000 | GHS 15,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-07-17 | 2012-06-29 | 2012-11-23 | 2012-03-23 | |||
Loan Term (Months) | 25.0 months | 13.0 months | 18.0 months | 37.0 months | |||
Grace Period (Months) | 0.4 months | 1.0 month | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 2,810.68 | GHS 2,625.71 | GHS 4,276.98 | GHS 9,803.87 | |||
True Price by Comp | |||||||
Interest price component | 38.7% | 38.8% | 38.8% | 38.8% | |||
Fee Component | 4.3% | 6.5% | 5.4% | 3.3% | |||
Insurance Component | 0.8% | 1.5% | 1.2% | 0.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 14.0% | 14.5% | 15.2% | 13.0% | |||
Full APR (int fee ins tax dep) | 57.8% | 61.3% | 60.6% | 55.6% | |||
Transparency Index | 67 | 64 | 64 | 70 | |||
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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