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. ESAF
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

ESAF Microfinance & Investments (P) LTD No 5A 5th FloorPurasawalkamChennai, Tamil Nadu600084
Data approved: 2013-01-10
Data version: 3
Age of data: 140 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,402,519,322
Portfolio (USD)USD 26,462,628.72
Active Clients with Loans272,854
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is given to SHG members for creating an asset or as working capital to pursue any Income generation activity.
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 visits
Business trainingx
Other training
OtherFinancial education
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 group
Household income <60,000 INRx
Household income <120,000 INR
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 institution5
# Regions for this product5
Regions ActiveChhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
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 period0.3 months
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 interest26.00%
Highest quoted nominal interest26.00%
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
This product has no upfront insurance fees
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 taxedAll

Full Pricing Data

Income Generation Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 13,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-152013-03-162013-03-28
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months-0.2 months-0.1 months
Total Cost of CreditINR 1,836.07INR 1,694.83INR 2,118.54
True Price by Comp     
Interest price component27.0%27.9%27.4%
Fee Component2.3%2.3%2.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.6%30.5%30.0%
MFIN MFI Earning (Annualised)29.3%30.2%29.7%
MFIN Cost to Borrower (Annualised)29.6%30.5%30.0%
Transparency Index888587
MFIN Transparency Index969395
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Income Generation Loan Price Graphs


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