Number borrowers | 15,474 |
Loan Amount (range) | KES 30,000 - 500,000 |
Loan Term (range) | 1 - 18 |
Other Services (text summary) | Credit Ins, Tech Asst Visits, Business Training, Access to business improvement training at discount rates. |
Annual Interest & Method | 20.0% annual, Decl Bal |
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) | 37.7% - 46.6% |
Transparency Index (min/max) | 37 - 83 |
Transparency Index (average) | 49 |
1,443 |
GHS 100 - 10,000 |
3 - 12 |
Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
39.0% annual, Flat |
3.00% upfront 3.00 upfront |
1.00% ongoing |
None |
N/A |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
69.8% - 77.3% |
31 - 88 |
53 |
Outstanding portfolio (KES) | KES 1,414,668,844 |
Portfolio (USD) | USD 17,085,372.51 |
Active Clients with Loans | 15,474 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Access to business improvement training at discount rates. |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Outstanding portfolio (GHS) | GHS 1,799,523 |
Portfolio (USD) | USD 913,463.45 |
Active Clients with Loans | 1,443 |
Approximate % Female Clients | 40% - 60% |
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 | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | |
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 30,000 |
Maximum loan size | 500,000 |
Loans less than KES 50,000 | 10% |
KES 50,000-150,000 | 50% |
KES 150,000-250,000 | 20% |
KES 250,000-350,000 | 15% |
KES 350,000-450,000 | 5% |
Greater than KES 450,000 | 5% |
Shortest loan term | 1.0 month |
Longest loan term | 18.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | GHS |
Minimum loan size | GHS 100 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 30% |
GHS 1,000-5,000 | 60% |
GHS 5,000-7,500 | 10% |
GHS 7,500-10,000 | 0 |
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 | 7.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 1.67% |
Highest quoted nominal interest | 1.67% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
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 | 39.00% |
Highest quoted nominal interest | 39.00% |
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 | 3.00% | 0 | |
% of loan amount - max | 3.00% | 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 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 29,999.99 | KES 49,999.94 | KES 99,999.95 | KES 199,999.88 | KES 284,999.99 | KES 499,999.88 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-05-08 | 2013-05-11 | 2013-05-29 | 2013-05-17 | 2013-05-29 | 2013-05-13 | |||||
Loan Term (Months) | 6.0 months | 9.0 months | 12.0 months | 18.0 months | 18.0 months | 18.0 months | |||||
Grace Period (Months) | -0.1 months | 0.0 months | -0.1 months | 0.1 months | -0.1 months | 0.1 months | |||||
Total Cost of Credit | KES 4,039.11 | KES 9,285.59 | KES 22,409.87 | KES 65,249.94 | KES 92,368.34 | KES 163,124.94 | |||||
True Price by Comp | |||||||||||
Interest price component | 33.3% | 34.1% | 34.9% | 34.1% | 34.8% | 34.2% | |||||
Fee Component | 11.0% | 7.6% | 4.0% | 2.7% | 2.8% | 2.8% | |||||
Insurance Component | 2.3% | 1.7% | 1.3% | 0.9% | 0.9% | 0.8% | |||||
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) | 46.6% | 43.4% | 40.2% | 37.7% | 38.5% | 37.8% | |||||
Transparency Index | 43 | 46 | 50 | 53 | 52 | 53 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 700 | GHS 1,400 | GHS 3,000 | GHS 6,000 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-12-18 | 2012-10-17 | 2012-12-14 | 2012-12-17 | 2012-05-09 | 2012-06-25 | |||||
Loan Term (Months) | 6.0 months | 7.0 months | 10.0 months | 6.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 0.5 months | 0.5 months | 0.4 months | 0.3 months | 0.4 months | 0.4 months | |||||
Total Cost of Credit | GHS 78.84 | GHS 182.28 | GHS 540.80 | GHS 755.10 | GHS 2,524.70 | GHS 3,575.40 | |||||
True Price by Comp | |||||||||||
Interest price component | 59.7% | 59.6% | 62.4% | 60.9% | 61.8% | 61.5% | |||||
Fee Component | 14.9% | 12.8% | 8.5% | 12.2% | 7.4% | 6.9% | |||||
Insurance Component | 2.7% | 2.6% | 1.6% | 2.8% | 1.5% | 1.4% | |||||
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) | 77.3% | 75.0% | 72.5% | 75.9% | 70.7% | 69.8% | |||||
Transparency Index | 50 | 52 | 54 | 51 | 55 | 56 | |||||
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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