2. KADET
Please note that the information you are viewing is 143 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: 143 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.kadet.co.ke/
Year established2001
Head of InstitutionFidel Okillah
Regions activeCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western
# Branches39

Total Portfolio (nat'l)KES 447,325,485
Total Portfolio (USD)USD 5,402,481.70
Active clients with loans12,923
Approximate % female clients40% - 60%
Approximate % urban clients40% - 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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  2. CashPhase
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

Institution

CashPhase Ghana Limited 1st Floor, Barclays Bank WingMadina Central Market RoadMadina, Greater AccraP.O. Box CT4185
Data approved: 2013-04-02
Data version: 2
Age of data: 141 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 230,000
Portfolio (USD)USD 116,751.27
Active Clients with Loans77
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a loan suitable for individuals involved in income generating acivities like traders and printers. The loan amount help with replenishing of stock or purchase of materials to meet increased customer demands.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00020%
GHS 5,000-7,50040%
GHS 7,500-10,00040%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less15%
Between 4 and 6 months70%
Between 7 and 9 months10%
Between 10 and 12 months5%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest4.50%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAdministrative / Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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?No

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 1,000GHS 3,000GHS 6,000GHS 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-122012-07-162012-10-112012-09-27
Loan Term (Months)6.0 months6.0 months6.0 months3.0 months
Grace Period (Months)0.0 months0.0 months0.3 months0.0 months
Total Cost of CreditGHS 440GHS 1,140GHS 3,000GHS 2,600
True Price by Comp       
Interest price component126.6%108.6%138.7%132.1%
Fee Component7.7%7.5%7.5%12.7%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)134.3%116.1%146.2%144.8%
Transparency Index40473737
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan Price Graphs


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# Countries
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Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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