2. BIMAS
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

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 Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.bimaskenya.com
Year established1997
Head of InstitutionPatrick Gathondu
Regions activeCentral, Eastern, Nairobi, Rift Valley
# Branches19

Total Portfolio (nat'l)KES 397,880,258
Total Portfolio (USD)USD 4,805,317.13
Active clients with loans10,118
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Hitimu
177 Borrowers
USD 36,426.97 Portfolio
Active Product
Imarika
339 Borrowers
USD 212,004.75 Portfolio
Active Product
Mama Plus
1,362 Borrowers
USD 331,099.98 Portfolio
Active Product
Mifugo
176 Borrowers
USD 75,449.82 Portfolio
Active Product
Msingi
8,244 Borrowers
USD 2,621,006.47 Portfolio
Active Product
Upesi
715 Borrowers
USD 98,801.78 Portfolio
Active Product
Biashara
156 Borrowers
USD 1,304,347.83 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 10,000 - 80,000 3 - 12 40% - 60% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Imarika Loan KES 50,000 - 200,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mama Plus Loan KES 10,000 - 200,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mifugo Loan KES 50,000 - 100,000 9 - 12 40% - 60% 40% - 60% Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Msingi Loan KES 20,000 - 300,000 3 - 18 40% - 60% 40% - 60% Business, Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Upesi Loan KES 10,000 - 50,000 3 - 6 40% - 60% 40% - 60% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training, Other Training
Biashara Loan KES 300,000 - 3,000,000 18 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47
Institution Price Graph
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  2. CEDEF
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

Calvary Enterprise Development Foundation Head OfficeMamprobi, Accra, Greater AccraP.O. Box MP 2468
Data approved: 2013-03-18
Data version: 2
Age of data: 139 months
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Product

Apprenticeship Start-up Credit Program Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 15,000
Portfolio (USD)USD 7,614.21
Active Clients with Loans50
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a youth program. The facility is for apprentices who have successfully conpleted training and want to start their own businesses.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherStart-up businesses
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust be in youth age group
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest48.00%
Highest quoted nominal interest54.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Apprenticeship Start-up Credit Program samples
Sample 1Sample 2Sample 3
Loan AmountGHS 700GHS 800GHS 900
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-152012-12-202012-12-15
Loan Term (Months)7.0 months7.0 months7.0 months
Grace Period (Months)0.8 months0.9 months1.1 months
Total Cost of CreditGHS 100.13GHS 113.42GHS 131.64
True Price by Comp     
Interest price component40.6%41.9%40.5%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.6%41.9%40.5%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Apprenticeship Start-up Credit Program Price Graphs


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