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

Institution

Kenya Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi
Data approved: 2013-05-29
Data version: 2
Age of data: 141 months
Choose version
  • No previous version for this product.

Product

Boma Safi Loan Product 9 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 2,404,955
Portfolio (USD)USD 29,045.35
Active Clients with Loans83
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans for the construction of latrines/toilets, bathrooms, septic tanks and acquisiton of related equipments and materials.
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
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 months0
Between 7 and 9 months10%
Between 10 and 12 months90%
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

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
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

Full Pricing Data

Boma Safi Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000KES 200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-202013-06-072013-05-032013-05-072013-06-07
Loan Term (Months)12.0 months5.8 months12.0 months12.0 months24.0 months
Grace Period (Months)0.7 months0.7 months0.7 months0.7 months0.7 months
Total Cost of CreditKES 2,400KES 3,500KES 12,000KES 24,000KES 88,000
True Price by Comp         
Interest price component35.4%34.6%35.4%35.4%34.6%
Fee Component4.1%7.4%4.1%4.1%2.2%
Insurance Component4.1%7.6%4.1%4.1%2.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)43.6%49.6%43.6%43.6%39.1%
Transparency Index4640464651
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Boma Safi Loan Price Graphs


Click to view Price Analysis Tool
  2. CRAN
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CRAN Microfinance Head OfficeCape Coast, CentralP.O. Box UC 97
Data approved: 2013-02-18
Data version: 2
Age of data: 139 months
Choose version

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.cranmicrofinance.org
Year established1993
Head of InstitutionDr. Patrick Agbesingale
Regions activeCentral Region, Western Region, Volta Region
# Branches5

Total Portfolio (nat'l)GHS 2,008,192
Total Portfolio (USD)USD 1,019,386.80
Active clients with loans3,613
Approximate % female clients80% - 100%
Approximate % urban clients40% - 60%
Network affiliationsGHAMFIN, ASSFIN, GAMC
FundersCORDAID, TERA JANE, KIVA

Loan Products » Summary

Group
3,234 Borrowers
USD 796,932.99 Portfolio
Active Product
Individual
379 Borrowers
USD 222,453.30 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loans GHS 200 - 3,000 4 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Savings promotion
Individual Loan GHS 200 - 10,000 6 - 12 60% - 80% 40% - 60% Business Women, Men, Have business Credit Educ, Credit Ins, Savings promotion

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loans 42.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 73.3% - 73.5% 112.8% - 114% 37
Individual Loan 42.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 72.3% - 73.5% 106.1% - 112% 37
Institution Price Graph
Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

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