2. Family Bank
Please note that the information you are viewing is 174 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Samasta
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Family Bank Ltd. NairobiKenyaP.O. Box 74145
Data approved: 2010-09-13
Data version: 1
Age of data: 174 months

Institution

Samasta Microfinance Limited 4th Cross, 414/5Wilson Garden,Bangalore, KarnatakaPO Box 560027
Data approved: 2013-01-21
Data version: 2
Age of data: 140 months
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Product

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Product

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Product Summary

Number borrowers2,700
Loan Amount (range)KES 5,000 - 1,000,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training, Book-keeping skills
Annual Interest & Method8.0% annual, Flat
Fees1.00% upfront upfront
Insurance3.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component16.5% - 17.7% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)16.5% - 17.7%
Transparency Index (min/max)23 - 77
Transparency Index (average)46

Product Summary

44,713
INR 10,000 - 15,000
12
Credit Educ, Group Mtgs, Credit Ins, Other Training
26.0%-27.5% annual, Decl Bal
1.00% upfront
0.26%-0.35% upfront
12.36% fees
N/A
 
27.0% - 28.0%
1.0% - 2.0%
0.6% - 0.8%
0.1% - 0.3%
30.3% - 31.1%
84 - 90
85

Product Details

Key Statistics
Outstanding portfolio (KES)KES 200,000,000
Portfolio (USD)USD 2,415,458.94
Active Clients with Loans2,700
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Credit product available to youth (aged between 18 and 35 Years) to either start or expand existing businesses. Financed through the Youth Enterprise Development Fund.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherBook-keeping skills
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 241,916,409
Portfolio (USD)USD 4,564,460.55
Active Clients with Loans44,713
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is targeted at customers engaged in small and micro businesses that need funds to either expand existing business or start a new one.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveKarnataka, Tamil Nadu

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size1,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest8.00%
Highest quoted nominal interest8.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeLegal Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min00
Fixed amount - max02,000
Reason for variationN/AApplied to amounts above KES 100,000
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.3% of the loan amount x number of months
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The source of funds for lending is from Government hence interest highly subsidized.

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest27.50%
Reason(s) why interest rate variesLoan Size, Loan Tenure
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min0.26%
% of loan amount - max0.35%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Vijanaa Boost Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000KES 200,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2009-12-092010-02-042010-01-202010-01-072009-12-012009-12-16
Loan Term (Months)12.0 months8.0 months6.0 months12.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component16.7%17.0%17.7%16.5%17.5%17.3%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)16.7%17.0%17.7%16.5%17.5%17.3%
Transparency Index484745484646
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Income Generation Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-302013-03-282013-02-12
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.2 months0.2 months0.0 months
Total Cost of CreditINR 2,007.68INR 2,007.68INR 2,507.19
True Price by Comp     
Interest price component27.2%27.2%28.0%
Fee Component2.0%2.0%2.0%
Insurance Component0.8%0.8%0.8%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.3%30.3%31.1%
MFIN MFI Earning (Annualised)29.2%29.2%30.0%
MFIN Cost to Borrower (Annualised)30.3%30.3%31.1%
Transparency Index868684
MFIN Transparency Index999998
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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Key Statistics
# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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