| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
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| % 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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