2. Juhudi Kilimo
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. AKIBA
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Juhudi Kilimo Limited Liability Company P.O. Box 25441Nairobi
Data approved: 2013-05-26
Data version: 3
Age of data: 141 months
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Institution

Akiba Commercial Bank Plc PO Box 669Amani Place Building, Ohio StreetDar es Salaam255
Data approved: 2013-08-28
Data version: 1
Age of data: 135 months

Product

Asset Finance Loan Product 1 of 2 « Prev | Next »

Product

Biashara Loans ( Individual) Product 1 of 7 « Prev | Next »

Product Summary

Number borrowers4,198
Loan Amount (range)KES 10,000 - 500,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa
Annual Interest & Method32.0% annual, Decl Bal
Fees1.00% upfront 500.00 upfront
Insurance1.00%-2.00% upfront 1.00%-2.00% upfront
TaxNone
Comp Dep15.0% upfront
Range of pricing 
Interest Price Component30.7% - 33.5%
Fee Component1.2% - 12.3%
Insurance Component3.1% - 11.2%
Tax Component Range0
Full APR (int fee ins tax dep)47.6% - 64.7%
Transparency Index (min/max)47 - 67
Transparency Index (average)62

Product Summary

13,606
TZS 500,000 - 50,000,000
3 - 24
Credit Ins
20.0%-22.0% annual, Flat
1.00% upfront 10,000.00 upfront
1.00% upfront
None
N/A
 
28.8% - 45.6%
1.5% - 12.2%
0.8% - 12.8%
0
42.0% - 50.4%
31 - 56
45

Product Details

Key Statistics
Outstanding portfolio (KES)KES 91,833,689
Portfolio (USD)USD 1,109,102.52
Active Clients with Loans4,198
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Asset financing and microleasing is the leasing of assets of small value to small holder farmers and small and medium enterprises. This product targets the leasing of all equipment or tools that form an integral part of farming.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherOptional low-cost life insurance through CIC, KES 3290pa
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
OtherMust be a farmer
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 46,470,317,963
Portfolio (USD)USD 29,226,615.07
Active Clients with Loans13,606
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a product covering Micro and Small Enterprises with the loan ranging for TZS 500,000 up to TZS 50,000,000 only depending on the size and business requirements.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveArusha, Dar es Salaam, Dodoma, Kilimanjaro

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00070%
KES 50,000-150,00030%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months80%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period2.0 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 paymentsx

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0000
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,0005%
Greater than TZS 4,000,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months10%
Between 10 and 12 months40%
Between 13 and 18 months10%
Longer than 18 months10%
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

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesChanging all loans from 16% to 18% starting Jan 2010
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeRegistration Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min0500
Fixed amount - max0500
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionLoan Insurance FeeAsset Insurance Fee
% of loan amount - min1.00%1.00%
% of loan amount - max2.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation1% of the loan amount p.a1% of the loan amount p.a
Appears on Repayment Sched?YesYes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionSet up feeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min010,000
Fixed amount - max010,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance 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?No
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

Full Pricing Data

Asset Finance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 10,000KES 25,000KES 50,000KES 110,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-222013-04-172013-03-152013-05-242013-05-06
Loan Term (Months)12.0 months14.0 months14.0 months25.0 months21.0 months
Grace Period (Months)0.0 months2.0 months2.1 months0.0 months0.0 months
Total Cost of CreditKES 2,598KES 7,071.68KES 13,644.34KES 45,958KES 109,277
True Price by Comp         
Interest price component31.7%31.8%30.7%30.7%30.9%
Fee Component12.3%4.7%3.1%1.6%1.4%
Insurance Component4.4%3.3%3.1%4.4%5.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component16.3%11.5%10.7%11.4%11.9%
Full APR (int fee ins tax dep)64.7%51.3%47.6%48.1%49.2%
Transparency Index4962676765
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Biashara Loans ( Individual) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-312013-07-302013-07-302013-07-292013-07-292013-07-30
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 75,000.02TZS 139,999.98TZS 270,000.02TZS 730,000TZS 969,999.96TZS 1,210,000.04
True Price by Comp           
Interest price component36.0%35.9%35.9%37.6%37.6%37.7%
Fee Component10.7%7.1%5.3%2.7%2.5%2.4%
Insurance Component3.7%3.6%3.6%2.0%2.0%1.9%
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)50.4%46.6%44.8%42.3%42.1%42.0%
Transparency Index404345474848
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Asset Finance 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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