2. ECLOF Kenya
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. Comicoka
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 Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi
Data approved: 2013-05-29
Data version: 2
Age of data: 141 months
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Institution

COOPEC COMICOKA MahokoKanamaRubavu, West RwandaPO Box 506 RWA
Data approved: 2012-10-04
Data version: 2
Age of data: 143 months
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Product

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Product

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Product Summary

Number borrowers629
Loan Amount (range)KES 8,666 - 21,420
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method19.0% annual, Flat
Fees2.00% upfront
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component26.8% - 38.7%
Fee Component2.0% - 7.5%
Insurance Component2.1% - 7.7%
Tax Component Range0
Full APR (int fee ins tax dep)37.7% - 42.0%
Transparency Index (min/max)13 - 51
Transparency Index (average)46

Product Summary

568
RWF 12,000 - 5,000,000
3 - 36
Credit Educ
30.00% annual, Decl Bal
2 fees
0.05%-5.58% upfront
18.00% fees
20.00% upfront
 
15.5% - 55.5%
1.5% - 10.6%
0 - 0.5%
0.3% - 1.9%
45.9% - 72.1%
42 - 92
53

Product Details

Key Statistics
Outstanding portfolio (KES)KES 3,017,405
Portfolio (USD)USD 36,442.09
Active Clients with Loans629
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
An affordable comprehensive in/outpatient medical cover.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 209,648,520
Portfolio (USD)USD 332,775
Active Clients with Loans568
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credits Commerciaux
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product4
Regions ActiveNgororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 8,666
Maximum loan size21,420
Distribution at Disbursement (Est.)
Loans less than KES 50,000100%
KES 50,000-150,0000
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 term3.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 12,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months70%
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
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest19.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan 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
Ins 1
DescriptionRisk Management 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 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

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommission FeePaper Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min0600
Fixed amount - max0600
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min0.05%
% of loan amount - max5.58%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on client age and loan term
Appears on Repayment Sched?No
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 deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Afya Loan samples
Sample 1Sample 2Sample 3
Loan AmountKES 8,666KES 10,875KES 8,766
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-08-012013-06-052013-07-26
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.7 months0.7 months1.0 month
Total Cost of CreditKES 1,993.18KES 2,501.25KES 2,016.15
True Price by Comp     
Interest price component33.8%33.8%30.4%
Fee Component4.0%4.0%3.6%
Insurance Component4.1%4.2%3.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)41.9%42.0%37.7%
Transparency Index454550
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Ordinaire 30% samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 250,000RWF 450,000RWF 1,000,000RWF 1,500,000RWF 5,000,000
Loan Cycle (1, 2, 3, etc)12Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-05-232012-03-202012-03-222012-10-082012-10-05
Loan Term (Months)12.0 months6.0 months11.0 months24.0 months12.0 months
Grace Period (Months)1.0 month1.0 month1.0 month3.1 months3.1 months
Total Cost of CreditRWF 47,906.60RWF 51,308.34RWF 187,415.40RWF 545,386.70RWF 1,069,660
True Price by Comp         
Interest price component29.5%29.4%15.5%28.9%29.0%
Fee Component4.6%7.7%4.4%2.2%3.4%
Insurance Component0.4%0.4%0.5%0.2%0.5%
Tax Component1.0%1.5%0.9%0.4%0.7%
Deposit Component18.4%19.4%50.8%14.2%14.1%
Full APR (int fee ins tax dep)53.9%58.4%72.1%45.9%47.7%
Transparency Index5651426563
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Afya Loan Price Graphs


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Ordinaire 30% 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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X Axis
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