Number borrowers | 83 |
Loan Amount (range) | KES 5,000 - 200,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 26.8% - 38.7% |
Fee Component | 2.0% - 7.5% |
Insurance Component | 2.1% - 7.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.1% - 49.6% |
Transparency Index (min/max) | 13 - 51 |
Transparency Index (average) | 45 |
3,234 |
GHS 200 - 3,000 |
4 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Savings promotion |
42.00% annual, Flat |
1.75% upfront |
1.25% upfront |
None |
20.00% upfront |
64.5% - 68.6% |
3.7% - 8.8% |
2.6% - 6.4% |
0 |
112.8% - 114.0% |
37 - 40 |
37 |
Outstanding portfolio (KES) | KES 2,404,955 |
Portfolio (USD) | USD 29,045.35 |
Active Clients with Loans | 83 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Outstanding portfolio (GHS) | GHS 1,569,958 |
Portfolio (USD) | USD 796,932.99 |
Active Clients with Loans | 3,234 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Savings promotion |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Central Region, Western Region, Volta Region |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 3,000 |
Loans less than GHS 1,000 | 80% |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
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 Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Risk Management Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 42.00% |
Highest quoted nominal interest | 42.00% |
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 | Processing Fee |
% of loan amount - min | 1.75% |
% of loan amount - max | 1.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
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 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-05-20 | 2013-06-07 | 2013-05-03 | 2013-05-07 | 2013-06-07 | ||||
Loan Term (Months) | 12.0 months | 5.8 months | 12.0 months | 12.0 months | 24.0 months | ||||
Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | ||||
Total Cost of Credit | KES 2,400 | KES 3,500 | KES 12,000 | KES 24,000 | KES 88,000 | ||||
True Price by Comp | |||||||||
Interest price component | 35.4% | 34.6% | 35.4% | 35.4% | 34.6% | ||||
Fee Component | 4.1% | 7.4% | 4.1% | 4.1% | 2.2% | ||||
Insurance Component | 4.1% | 7.6% | 4.1% | 4.1% | 2.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 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 Index | 46 | 40 | 46 | 46 | 51 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 800 | GHS 1,535 | GHS 3,055 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-07 | 2013-01-07 | 2012-11-22 | 2012-11-22 | |||
Loan Term (Months) | 4.0 months | 4.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | GHS 51 | GHS 136 | GHS 368.40 | GHS 733.20 | |||
True Price by Comp | |||||||
Interest price component | 64.5% | 64.5% | 67.1% | 67.1% | |||
Fee Component | 8.8% | 8.8% | 6.4% | 6.4% | |||
Insurance Component | 6.4% | 6.4% | 4.6% | 4.6% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 34.3% | 34.3% | 34.7% | 34.7% | |||
Full APR (int fee ins tax dep) | 114.0% | 114.0% | 112.8% | 112.8% | |||
Transparency Index | 37 | 37 | 37 | 37 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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