Family Bank Ltd. - MFTransparency.org Truth In Lending Tables

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

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.familybank.co.ke/
Year established	1984
Head of Institution	Peter Kinyanjui
Regions active
# Branches	50

Total Portfolio (nat'l)	KES 8,001,434,281
Total Portfolio (USD)	USD 96,635,679.72
Active clients with loans	52,342
Approximate % female clients	40% - 60%
Approximate % urban clients	20% - 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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Please note that the information you are viewing is 119 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Belstar Investment and Finance Private Limited 11 C, Rathinammal Street , Rangarajapuram, KodambakkamChennai, Tamilnadu600024

Data approved: 2014-09-22

Data version: 4

Age of data: 119 months

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Product

Educational Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 55,670,000
Portfolio (USD)	USD 1,050,377.36
Active Clients with Loans	5,485
Approximate % Female Clients	100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

Education Loan is provided to meet the Education expenses such as Tution Fees, Books, Uniform, Transportation Fees and other expenses of the childern of SHG Members

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Household income <60,000 INR	x
Household income <120,000 INR	x
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 institution	3
# Regions for this product	3
Regions Active	Karnataka, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 11,000
Maximum loan size	11,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	100%
INR 15,000-25,000	0
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	25.00%
Highest quoted nominal interest	25.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	63
Fixed amount - max	63
Reason for variation	Insurance Premium varies depending on loan size & term.
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	12.4%
All or some fees taxed	All

Full Pricing Data

Educational Loan samples

Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	True Price by Component					MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	Transparency Index	MFIN Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	Transparency Index	MFIN Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
INR 11,000	Generated	2015-03-01	12.0 months	N/A	INR 1,795.75	28.0%	24.7%	1.8%	1.1%	0.4%	0.0%	26.5%	28.0%	89	100	-	PDF
INR 11,000	Generated	2015-03-01	12.0 months	N/A	INR 1,795.75	28.0%	24.7%	1.8%	1.1%	0.4%	0.0%	26.5%	28.0%	89	100	-	PDF
INR 11,000	Generated	2015-03-01	12.0 months	N/A	INR 1,795.75	28.0%	24.7%	1.8%	1.1%	0.4%	0.0%	26.5%	28.0%	89	100	-	PDF
INR 11,000	Generated	2015-03-01	12.0 months	N/A	INR 1,795.75	28.0%	24.7%	1.8%	1.1%	0.4%	0.0%	26.5%	28.0%	89	100	-	PDF

* The APR stated here is an MFTransparency term, definition and formula

Educational Loan Price Graphs

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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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


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By Country

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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Educational Loan samples

Educational Loan Price Graphs

Total Borrowers of Samples

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