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

Institution

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

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.familybank.co.ke/
Year established1984
Head of InstitutionPeter Kinyanjui
Regions active
# Branches50

Total Portfolio (nat'l)KES 8,001,434,281
Total Portfolio (USD)USD 96,635,679.72
Active clients with loans52,342
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliations
Funders

Loan Products » Summary

Asset
2,000 Borrowers
USD 13,285,024.15 Portfolio
Active Product
Biashara
5,500 Borrowers
USD 6,159,420.29 Portfolio
Active Product
Consumer
30,000 Borrowers
USD 38,647,343 Portfolio
Active Product
Business
3,000 Borrowers
USD 30,193,236.71 Portfolio
Active Product
Vijanaa
2,700 Borrowers
USD 2,415,458.94 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Asset Finance Loan KES 300,000 - 20,000,000 6 - 48 20% - 40% 60% - 80% Only for purposes of buying assets(motor vehicles) Women, Men Credit Educ, Credit Ins, Tech Asst Visits
Biashara Boost Loan KES 5,000 - 500,000 6 - 24 40% - 60% 20% - 40% Business, Other Women, Men, Have business, Can use loan to start a business Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training, Book-keeping skills
Consumer Loan KES 10,000 - 1,000,000 6 - 48 40% - 60% 60% - 80% Any Purpose Women, Men, Salaried worker, Borrower must be under insurable age limit of 65 years Credit Educ, Credit Ins, Tech Asst Visits
Secured Business Loan KES 100,000 - 20,000,000 6 - 60 20% - 40% 40% - 60% Any Purpose Women, Men, Must have collateral Credit Educ, Credit Ins, Tech Asst Visits, Business Training
Vijanaa Boost Loan KES 5,000 - 1,000,000 6 - 24 40% - 60% 40% - 60% Business, Other Women, Men, Specific age group Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training, Book-keeping skills

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Asset Finance Loan 10.6% annual, Flat 3 Fees 0 Ins None N/A 23.8% - 27.7% 23.8% - 27.7% 41
Biashara Boost Loan 19.2% annual, Flat 2 Fees 1 Ins None N/A 39.8% - 48.5% 39.8% - 48.5% 45
Consumer Loan 16.0%-18.0% annual, Decl Bal 2 Fees 1 Ins None N/A 23.3% - 71% 23.3% - 71% 46
Secured Business Loan 18.5% annual, Decl Bal 2 Fees 1 Ins None N/A 23.9% - 34.3% 23.9% - 34.3% 68
Vijanaa Boost Loan 8.0% annual, Flat 2 Fees 1 Ins None N/A 16.5% - 17.7% 16.5% - 17.7% 46
Institution Price Graph
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  2. Bandhan
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

Bandhan Financial Services Private Limited DN-32, Sector-V,Salt Lake CityKolkata, West Bengal700091
Data approved: 2013-01-16
Data version: 2
Age of data: 140 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (INR)INR 4,303,387
Portfolio (USD)USD 81,195.98
Active Clients with Loans231
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherGroup Based indivudual lending
Description
To promote pisciculture
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 insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherGroup Leadership Training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherMust have an access to waterland
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product1
Regions ActiveWest Bengal

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00010%
INR 15,000-25,00080%
INR 25,000-35,0005%
INR 35,000-45,0005%
Greater than INR 45,0005%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period3.0 months
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

Pricing Information

Interest
Lowest quoted nominal interest22.90%
Highest quoted nominal interest22.90%
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 variationService Tax Extra
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0.47%
% of loan amount - max0.97%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively
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
Additional Comments
No Penalty in case of default. No prepayment charges

Full Pricing Data

Fisheries Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-162012-09-182012-10-31
Loan Term (Months)12.0 months24.0 months24.0 months
Grace Period (Months)-0.3 months0.0 months-0.1 months
Total Cost of CreditINR 1,704.16INR 5,996.32INR 9,006.48
True Price by Comp     
Interest price component23.8%22.7%22.9%
Fee Component1.6%1.0%0.9%
Insurance Component0.8%0.9%1.0%
Tax Component0.2%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.4%24.7%24.9%
MFIN MFI Earning (Annualised)25.4%23.7%23.8%
MFIN Cost to Borrower (Annualised)26.4%24.7%24.9%
Transparency Index879392
MFIN Transparency Index96100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Fisheries Loan Price Graphs


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% Products with compulsory deposits
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