| Number borrowers | 30,000 |
| Loan Amount (range) | KES 10,000 - 1,000,000 |
| Loan Term (range) | 6 - 48 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 16.0%-18.0% annual, Decl Bal |
| Fees | 5.75% upfront 130.00 ongoing |
| Insurance | 3.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 23.3% - 71.0% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 23.3% - 71.0% |
| Transparency Index (min/max) | 23 - 77 |
| Transparency Index (average) | 46 |
| Outstanding portfolio (KES) | KES 3,200,000,000 |
| Portfolio (USD) | USD 38,647,343 |
| Active Clients with Loans | 30,000 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| 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 | x |
| Must be specific age group | |
| Other | Borrower must be under insurable age limit of 65 years |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 1,000,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 48.0 months |
| Approx average | 24.0 months |
| Grace period usage | 10% |
| 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 | 16.00% |
| Highest quoted nominal interest | 18.00% |
| Reason(s) why interest rate varies | Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 5.75% |
| % of loan amount - max | 5.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Standing Order Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 130 |
| Fixed amount - max | 130 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.3% of the loan amount x number of months |
| 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 12,000 | KES 27,000 | KES 50,000 | KES 103,000 | KES 200,000 | KES 285,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-02-11 | 2009-12-21 | 2009-12-30 | 2010-01-15 | 2010-01-13 | 2009-12-10 | |||||
| Loan Term (Months) | 11.0 months | 24.0 months | 12.0 months | 14.0 months | 49.0 months | 62.0 months | |||||
| Grace Period (Months) | 1.0 month | 1.0 month | 0.0 months | 1.0 month | 1.0 month | 1.0 month | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 71.0% | 42.8% | 42.4% | 33.4% | 24.6% | 23.3% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| 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) | 71.0% | 42.8% | 42.4% | 33.4% | 24.6% | 23.3% | |||||
| Transparency Index | 23 | 37 | 38 | 48 | 65 | 69 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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