Number borrowers | 12,383 |
Loan Amount (range) | KES 50,000 - 10,000,000 |
Loan Term (range) | 6 - 60 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 11.2%-20.0% annual, Flat |
Fees | 1.00%-1.50% upfront upfront |
Insurance | 1.25% upfront |
Tax | None |
Comp Dep | 10.0%-20.0% upfront 50.00-0.00 ongoing |
Range of pricing | |
Interest Price Component | 34.5% - 38.0% |
Fee Component | 1.4% - 7.7% |
Insurance Component | 1.2% - 4.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 43.9% - 56.7% |
Transparency Index (min/max) | 20 - 43 |
Transparency Index (average) | 22 |
889 |
GHS 200 - 50,000 |
1 - 36 |
Other Training |
19.0%-28.0% annual, Flat |
2.00% upfront |
None |
None |
N/A |
31.3% - 66.8% |
1.5% - 10.9% |
0 |
0 |
32.8% - 51.1% |
27 - 76 |
46 |
Outstanding portfolio (KES) | KES 92,369,084 |
Portfolio (USD) | USD 1,115,568.65 |
Active Clients with Loans | 12,383 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Membership of 15-30 individuals. |
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 | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be willing to set up a viable business |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Outstanding portfolio (GHS) | GHS 599,243.77 |
Portfolio (USD) | USD 304,184.65 |
Active Clients with Loans | 889 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Currency | KES |
Minimum loan size | KES 50,000 |
Maximum loan size | 10,000,000 |
Loans less than KES 50,000 | 100% |
KES 50,000-150,000 | 0 |
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 | 60.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 50,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 50% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 5% |
GHS 10,000-13,000 | 5% |
Greater than GHS 13,000 | 5% |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 0.93% |
Highest quoted nominal interest | 1.67% |
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 |
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 |
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 |
Required for | All |
Criteria | Idv loans =10% upfront & 1% ongoing. Grp 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 |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | 0 - 1.00% |
or, Fixed-amount deposited | KES 50 - 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 19.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Interest varies based on loan duration |
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 | Commitment 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 |
Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 50,000 | KES 200,000 | KES 308,000 | KES 400,000 | KES 528,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-03-15 | 2013-03-27 | 2013-05-28 | 2013-05-17 | 2013-04-11 | ||||
Loan Term (Months) | 7.0 months | 12.0 months | 24.0 months | 25.0 months | 18.0 months | ||||
Grace Period (Months) | 0.0 months | -0.2 months | -0.2 months | 1.0 month | 0.0 months | ||||
Total Cost of Credit | KES 7,824.31 | KES 44,880.60 | KES 130,813.28 | KES 189,093.73 | KES 172,138.95 | ||||
True Price by Comp | |||||||||
Interest price component | 36.8% | 34.6% | 34.6% | 34.5% | 34.6% | ||||
Fee Component | 4.6% | 3.5% | 1.6% | 1.4% | 1.8% | ||||
Insurance Component | 4.0% | 2.6% | 1.5% | 1.2% | 1.7% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 11.3% | 8.6% | 18.4% | 6.8% | 7.6% | ||||
Full APR (int fee ins tax dep) | 56.7% | 49.3% | 56.1% | 43.9% | 45.7% | ||||
Transparency Index | 20 | 23 | 20 | 26 | 24 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 350 | GHS 600 | GHS 1,500 | GHS 3,000 | GHS 8,500 | GHS 16,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-04-19 | 2013-05-02 | 2013-05-14 | 2013-05-29 | 2013-04-10 | 2013-06-10 | |||||
Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | 24.0 months | 25.0 months | 37.0 months | |||||
Grace Period (Months) | 0.0 months | 0.6 months | 0.0 months | -0.4 months | 0.7 months | 0.2 months | |||||
Total Cost of Credit | GHS 100.96 | GHS 124 | GHS 450 | GHS 1,308 | GHS 3,717.92 | GHS 9,412 | |||||
True Price by Comp | |||||||||||
Interest price component | 45.4% | 40.8% | 47.1% | 36.8% | 33.5% | 31.3% | |||||
Fee Component | 4.0% | 4.9% | 4.0% | 2.3% | 2.1% | 1.5% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 49.4% | 45.7% | 51.1% | 39.1% | 35.6% | 32.8% | |||||
Transparency Index | 38 | 42 | 37 | 49 | 53 | 58 | |||||
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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