Number borrowers | 29,548 |
Loan Amount (range) | KES 1,000 - 100,000 |
Loan Term (range) | 1 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 8.0% annual, Flat |
Fees | 2.00%-3.00% upfront |
Insurance | 0.63% upfront |
Tax | None |
Comp Dep | 15.0% upfront |
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) | 20.3% - 21.8% |
Transparency Index (min/max) | 37 - 83 |
Transparency Index (average) | 38 |
1,137 |
GHS 200 - 10,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Other Training, Personal hygiene & health education |
28.1% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
33.3% upfront |
42.7% - 47.5% |
5.1% - 7.3% |
2.6% - 3.8% |
0 |
121.1% - 123.6% |
23 - 38 |
23 |
Outstanding portfolio (KES) | KES 1,035,934,565 |
Portfolio (USD) | USD 12,511,287.02 |
Active Clients with Loans | 29,548 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | x |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
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 | x |
Other | Must have undergone group training |
Other (2) | Mustbe 18-35 years old |
# 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 1,239,324.86 |
Portfolio (USD) | USD 629,098.91 |
Active Clients with Loans | 1,137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Petty Traders |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Personal hygiene & health education |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | KES |
Minimum loan size | KES 1,000 |
Maximum loan size | 100,000 |
Loans less than KES 50,000 | 60% |
KES 50,000-150,000 | 40% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 200 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 50% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 8.00% |
Highest quoted nominal interest | 8.00% |
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? | Yes |
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 | All |
Criteria | Savings interest depends on the balance that is in the account |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.34% |
Highest quoted nominal interest | 2.34% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment 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? | Yes |
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 | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 33.33% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 13.50% |
Maximum interest rate paid | 15.50% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KES 7,999.96 | KES 24,999.98 | KES 99,999.96 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-27 | 2013-05-11 | 2013-05-09 | ||
Loan Term (Months) | 5.9 months | 6.0 months | 12.0 months | ||
Grace Period (Months) | -0.2 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | KES 357.94 | KES 1,156.21 | KES 8,624.92 | ||
True Price by Comp | |||||
Interest price component | 13.8% | 13.4% | 13.9% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 2.3% | 2.2% | 1.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 5.7% | 5.2% | 5.3% | ||
Full APR (int fee ins tax dep) | 21.8% | 20.8% | 20.3% | ||
Transparency Index | 37 | 38 | 39 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | GHS 2,500 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-25 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2012-11-22 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 85.20 | GHS 170.40 | GHS 255.60 | GHS 511.20 | GHS 426 | GHS 1,363.20 | |||||
True Price by Comp | |||||||||||
Interest price component | 46.2% | 46.2% | 46.7% | 46.2% | 46.2% | 45.9% | |||||
Fee Component | 7.3% | 7.3% | 7.3% | 7.3% | 7.3% | 7.2% | |||||
Insurance Component | 3.7% | 3.7% | 3.8% | 3.7% | 3.7% | 3.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 64.7% | 64.7% | 65.8% | 64.7% | 64.7% | 64.4% | |||||
Full APR (int fee ins tax dep) | 121.9% | 121.9% | 123.6% | 121.9% | 121.9% | 121.1% | |||||
Transparency Index | 23 | 23 | 23 | 23 | 23 | 23 | |||||
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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