| Number borrowers | 363 |
| Loan Amount (range) | KES 6,192 - 63,184 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Other Training |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | None |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 10.0%-20.0% upfront |
| Range of pricing | |
| Interest Price Component | 25.3% - 51.1% |
| Fee Component | 0 - 10.2% |
| Insurance Component | 0 - 9.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 49.8% - 52.0% |
| Transparency Index (min/max) | 25 - 163 |
| Transparency Index (average) | 43 |
| 170 |
| GHS 1,500 - 5,000 |
| 4 - 8 |
| Credit Educ, Tech Asst Visits, Business Training |
| 48.00% annual, Flat |
| 4.00% upfront |
| None |
| None |
| 15.00%-20.00% upfront |
| 77.3% - 114.4% |
| 11.4% - 48.3% |
| 0 |
| 0 |
| 157.9% - 182.6% |
| 23 - 35 |
| 28 |
| Outstanding portfolio (KES) | KES 4,978,829.61 |
| Portfolio (USD) | USD 60,130.79 |
| Active Clients with Loans | 363 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | This loan is for the purchase of water tanks only |
| Other (2) |
| Credit education | x |
| 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 | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
| Outstanding portfolio (GHS) | GHS 7,350 |
| Portfolio (USD) | USD 3,730.96 |
| Active Clients with Loans | 170 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| 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 | Must be a graduate from a small group loan |
| Other (2) | Must provide guarantor |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Volta Region |
| Currency | KES |
| Minimum loan size | KES 6,192 |
| Maximum loan size | 63,184 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 70% |
| 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 | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 1,500 |
| Maximum loan size | 5,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 100% |
| 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 | 8.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 0 |
| 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 | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 1.83% |
| Highest quoted nominal interest | 1.83% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance 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? | No |
| Required for | All |
| Criteria | 10% upfront deposit requirement on individual loans, 20% upfront deposit requirement on group loans. |
| 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 | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | End Term |
| 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 | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 8,048 | KES 26,912 | KES 53,824 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-31 | 2013-06-04 | 2013-04-04 | ||
| Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,960.55 | KES 5,097.66 | KES 13,111.86 | ||
| True Price by Comp | |||||
| Interest price component | 37.9% | 38.4% | 38.5% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 3.9% | 5.1% | 3.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.0% | 8.5% | 8.3% | ||
| Full APR (int fee ins tax dep) | 49.8% | 52.0% | 50.7% | ||
| Transparency Index | 44 | 42 | 43 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 1,500 | GHS 1,500 | GHS 2,800 | GHS 2,900 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | 2 | 3 | 3 | |||
| Disbursement Date | 2013-04-18 | 2012-12-26 | 2012-12-26 | 2012-12-26 | |||
| Loan Term (Months) | 4.4 months | 3.5 months | 4.7 months | 5.6 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | GHS 436.20 | GHS 300 | GHS 683.14 | GHS 823.71 | |||
| True Price by Comp | |||||||
| Interest price component | 114.4% | 92.7% | 90.2% | 90.3% | |||
| Fee Component | 21.6% | 26.2% | 20.5% | 17.6% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 46.6% | 55.7% | 52.0% | 50.0% | |||
| Full APR (int fee ins tax dep) | 182.6% | 174.6% | 162.7% | 157.9% | |||
| Transparency Index | 26 | 27 | 29 | 30 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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