Outstanding portfolio (KES) | KES 383,487,427 |
Portfolio (USD) | USD 4,631,490.66 |
Active Clients with Loans | 11,801 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 3,000,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 40% |
KES 150,000-250,000 | 15% |
KES 250,000-350,000 | 10% |
KES 350,000-450,000 | 5% |
Greater than KES 450,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 5% |
Longer than 18 months | 5% |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 22.00% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Application Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Annual Loan Protection Fee |
% of loan amount - min | 1.20% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Upfront: Sol group loans =20%. Individual loans =30%. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 20.00% - 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 400 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 30,000 | KES 52,000 | KES 106,000 | KES 500,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-04-11 | 2013-05-14 | 2013-06-10 | 2013-06-10 | 2013-04-26 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 18.0 months | 24.0 months | ||||
Grace Period (Months) | 0.1 months | -0.1 months | 0.0 months | 0.1 months | 0.1 months | ||||
Total Cost of Credit | KES 1,520 | KES 4,560 | KES 11,544 | KES 35,139 | KES 246,999.67 | ||||
True Price by Comp | |||||||||
Interest price component | 35.3% | 36.7% | 31.0% | 31.6% | 36.9% | ||||
Fee Component | 10.5% | 10.9% | 5.8% | 4.1% | 3.3% | ||||
Insurance Component | 4.3% | 4.5% | 2.4% | 3.4% | 2.7% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 41.0% | 31.8% | 24.6% | 21.7% | 19.3% | ||||
Full APR (int fee ins tax dep) | 91.1% | 83.9% | 63.8% | 60.8% | 62.2% | ||||
Transparency Index | 20 | 21 | 28 | 30 | 29 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ACB-SA | 4,335 | 1,476,288 | 6 | 140 |
Comicoka | 827 | 758,435 | 4 | 140 |
COOJAD | 511 | 823,215 | 6 | 140 |
COOPEDU | 2,029 | 7,549,835 | 9 | 140 |
Duterimbere | 6,607 | 4,365,044 | 3 | 140 |
Goshen | 2,076 | 3,716,008 | 5 | 158 |
Inkingi | 2,648 | 2,593,366 | 5 | 158 |
RML | 4,960 | 3,473,781 | 3 | 140 |
UCU | 3,391 | 1,603,524 | 4 | 140 |
Urwego | 37,900 | 14,755,000 | 6 | |
Vision Finance | 14,226 | 3,474,646 | 6 | 158 |
Wisigara | 2,177 | 904,708 | 3 | 140 |
Zamuka | 253 | 124,445 | 3 | 140 |
Zigama CSS | 53,806 | 59,670,753 | 2 | 158 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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