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
Data approved: 2013-06-24
Data version: 2
Age of data: 143 months
Key Statistics
| Outstanding portfolio (KES) | KES 86,912,145 |
| Portfolio (USD) | USD 1,049,663.59 |
| Active Clients with Loans | 3,642 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Value addition loans to existing women e.g. solar, gas, water harvesting solution, green house
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Leadership |
| Other (2) | Women empowerment |
| No other services | |
Eligibility
| Men | |
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Loan Conditions
Loan Amount
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 200,000 |
Distribution at Disbursement (Est.)
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 20% |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 0 |
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 | 1.83% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Loan Processing Fee | | Chattels Fee |
| % of loan amount - min | 1.00% | | 0 |
| % of loan amount - max | 1.50% | | 0 |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 1,500 |
| Reason for variation | Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1% | | Charged only on loans KES 100,000 and above. |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Risk Management 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 |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | Individual loans = 10% upfront & 1% ongoing. Group Loans < KES 100,000 = 10% upfront & > KES 100,000 = 20% upfront. Loans > KES 45,000 = KES 400 ongoing, < KES 45,000 loans = KES 50 ongoing. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 - 1.00% |
| or, Fixed-amount deposited | KES 50 - 0 |
| Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Full Pricing Data
Consumer Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | KES 20,000 | | KES 20,000 | | KES 51,925 | | KES 95,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-05-07 | | 2013-05-09 | | 2013-06-20 | | 2013-06-19 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months | | 12.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | KES 4,950.04 | | KES 4,950.04 | | KES 12,851.46 | | KES 23,512.54 |
| True Price by Comp | | | | | | | |
| Interest price component | 37.6% | | 37.6% | | 37.8% | | 37.8% |
| Fee Component | 3.0% | | 3.0% | | 2.9% | | 2.9% |
| Insurance Component | 2.5% | | 2.5% | | 2.5% | | 2.5% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 9.6% | | 9.6% | | 12.5% | | 10.6% |
| Full APR (int fee ins tax dep) | 52.7% | | 52.7% | | 55.7% | | 53.8% |
| Transparency Index | 34 | | 34 | | 32 | | 33 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Consumer Loan Price Graphs
