Kenya Agency for Development & Enterprise Technology - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kenya Agency for Development & Enterprise Technology P.O. Box 1676Nairobi

Data approved: 2013-06-25

Data version: 2

Age of data: 142 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.kadet.co.ke/
Year established	2001
Head of Institution	Fidel Okillah
Regions active	Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western
# Branches	39

Total Portfolio (nat'l)	KES 447,325,485
Total Portfolio (USD)	USD 5,402,481.70
Active clients with loans	12,923
Approximate % female clients	40% - 60%
Approximate % urban clients	40% - 60%
Network affiliations
Funders

Loan Products » Summary

Agriculture

702 Borrowers

USD 484,195.76 Portfolio

Active Product

Business

11,801 Borrowers

USD 4,631,490.66 Portfolio

Active Product

School

165 Borrowers

USD 102,275.14 Portfolio

Active Product

Asset

255 Borrowers

USD 184,520.13 Portfolio

Active Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Agriculture Loan	KES 5,000 - 1,000,000	3 - 24	40% - 60%	60% - 80%	Agriculture	Women, Men	Credit Ins, Tech Asst Visits
Business Loan	KES 3,000 - 3,000,000	3 - 24	40% - 60%	40% - 60%	Any Purpose	Women, Men, Have business	Credit Ins
School Fees Loan	KES 5,000 - 150,000	3 - 12	60% - 80%	40% - 60%	Education	Women, Men	Credit Ins
Asset Loan	KES 5,000 - 1,600,000	3 - 12	20% - 40%	60% - 80%	Business, Consumer, Other	Women, Men	Credit Ins

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Agriculture Loan	18.0%-22.0% annual, Flat	1 Fee	1 Ins	None	20.0%-30.0% upfront 400.00 ongoing	25% - 26.1%	35.3% - 40.9%	47
Business Loan	18.0%-22.0% annual, Flat	1 Fee	1 Ins	None	20.0%-30.0% upfront 400.00 ongoing	35.7% - 47.6%	60.8% - 91.1%	25
School Fees Loan	18.0%-22.0% annual, Flat	1 Fee	1 Ins	None	N/A	43.3% - 46.7%	45.8% - 51.1%	37
Asset Loan	18.0%-19.5% annual, Flat	1 Fee	1 Ins	None	20.0%-30.0% upfront 400.00 ongoing	43.4% - 50.1%	70.6% - 104.4%	21

Institution Price Graph

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Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Metemamen MFI Bole RoadAddis AbabaPO Box 21304

Data approved: 2011-12-23

Data version: 1

Age of data: 159 months

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Product

Endeg Loan (let us grow together) Product 1 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 1,094,220
Portfolio (USD)	USD 59,468.48
Active Clients with Loans	2,891
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This product is for groups of 3 to 5 members; targeted at urban and semi urban petty traders.

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	ETB
Minimum loan size	ETB 1,300
Maximum loan size	6,500

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	10.0 months

Grace Period

Grace period usage	0
Average grace period	0

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	1.50%
Highest quoted nominal interest	1.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% 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?	No

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 for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	8.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00% - N/A
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Interest on savings is compounded and paid 6 monthly.

Full Pricing Data

Endeg Loan (let us grow together) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	ETB 1,900	ETB 2,000	ETB 3,500	ETB 4,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-06-15	2011-06-23	2011-06-15	2011-06-15
Loan Term (Months)	10.0 months	10.0 months	12.0 months	10.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	38.8%	38.8%	37.9%	38.8%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	9.0%	7.2%	7.5%	9.0%
Full APR (int fee ins tax dep)	47.8%	46.0%	45.4%	47.8%
Transparency Index	38	39	40	38

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Endeg Loan (let us grow together) 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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

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

Loan Term and Grace Period

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

Additional Comments

Full Pricing Data

Endeg Loan (let us grow together) samples

Endeg Loan (let us grow together) Price Graphs

Total Borrowers of Samples

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