Number borrowers | 900 |
Loan Amount (range) | KES 100,000 - 4,000,000,000 |
Loan Term (range) | 1 - 48 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 8.5%-10.0% annual, Flat |
Fees | 2.00%-3.00% upfront |
Insurance | 0.63% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 13.4% - 37.3% |
Fee Component | 0 - 11.0% |
Insurance Component | 0 - 2.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.4% - 21.5% |
Transparency Index (min/max) | 37 - 83 |
Transparency Index (average) | 40 |
273 |
GHS 270 - 15,000 |
6 - 24 |
Credit Educ, Credit Ins |
24.0% annual, Flat |
3.50% upfront 3.00 upfront |
1.00% ongoing |
None |
N/A |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
44.6% - 50.6% |
31 - 88 |
51 |
Outstanding portfolio (KES) | KES 250,477,647 |
Portfolio (USD) | USD 3,025,092.36 |
Active Clients with Loans | 900 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | Loan specifically used for purchase of assets. |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
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 | Equity customer for at least a month or other bank statement |
Other (2) | Purchased asset is used as loan security |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Outstanding portfolio (GHS) | GHS 284,584 |
Portfolio (USD) | USD 144,458.88 |
Active Clients with Loans | 273 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | x |
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 100,000 |
Maximum loan size | 4,000,000,000 |
Loans less than KES 50,000 | 0 |
KES 50,000-150,000 | 0 |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 70% |
Greater than KES 450,000 | 70% |
Shortest loan term | 1.0 month |
Longest loan term | 48.0 months |
Approx average | 48.0 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 | 10% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 270 |
Maximum loan size | 15,000 |
Loans less than GHS 1,000 | 60% |
GHS 1,000-5,000 | 40% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 14.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 20% |
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 | 8.50% |
Highest quoted nominal interest | 10.00% |
Reason(s) why interest rate varies | Client Risk |
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 | LACE (Loan Application & Credit Evaluation) Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Annual Insurance Fee |
% of loan amount - min | 0.63% |
% of loan amount - max | 0.63% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 0.625% per annum. |
Appears on Repayment Sched? | No |
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? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
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 | 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? | No |
Sample 3 | Sample 4 | Sample 5 | |||
---|---|---|---|---|---|
Loan Amount | KES 300,000 | KES 400,000 | KES 510,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-09 | 2013-05-16 | 2013-05-24 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 37.0 months | ||
Grace Period (Months) | 0.1 months | 0.2 months | 0.1 months | ||
Total Cost of Credit | KES 70,875 | KES 94,500 | KES 174,037.50 | ||
True Price by Comp | |||||
Interest price component | 18.8% | 18.6% | 18.5% | ||
Fee Component | 2.0% | 2.1% | 1.5% | ||
Insurance Component | 0.7% | 0.6% | 0.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 21.5% | 21.3% | 20.4% | ||
Transparency Index | 40 | 40 | 42 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 900 | GHS 1,639.59 | GHS 3,200 | GHS 10,000 | GHS 5,400 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-11-16 | 2012-10-10 | 2012-09-28 | 2012-06-14 | 2012-09-27 | 2012-10-24 | |||||
Loan Term (Months) | 12.0 months | 24.0 months | 12.0 months | 24.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.4 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.2 months | |||||
Total Cost of Credit | GHS 90.66 | GHS 475.50 | GHS 470.27 | GHS 1,683 | GHS 5,272.92 | GHS 2,820 | |||||
True Price by Comp | |||||||||||
Interest price component | 39.7% | 40.2% | 41.1% | 40.2% | 40.4% | 39.5% | |||||
Fee Component | 8.6% | 4.3% | 7.4% | 4.0% | 4.0% | 3.9% | |||||
Insurance Component | 1.5% | 1.2% | 2.1% | 1.2% | 1.1% | 1.2% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 49.8% | 45.7% | 50.6% | 45.4% | 45.5% | 44.6% | |||||
Transparency Index | 48 | 53 | 47 | 53 | 53 | 54 | |||||
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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