Letshego Kenya Limited - Government Check Off - MFTransparency.org Truth In Lending Tables

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Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi

Data approved: 2013-09-18

Data version: 2

Age of data: 137 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 127,993,040.70
Portfolio (USD)	USD 1,545,809.67
Active Clients with Loans	2,298
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This product targets civil servants employed by the Government of Kenya (GOK) in various ministries and departments.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Central, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 1
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	10%
KES 50,000-150,000	10%
KES 150,000-250,000	20%
KES 250,000-350,000	20%
KES 350,000-450,000	20%
Greater than KES 450,000	20%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	60.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	10%
Between 13 and 18 months	30%
Longer than 18 months	50%

Grace Period

Grace period usage	100%
Average grace period	1.5 months

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	1.94%
Highest quoted nominal interest	2.50%
Reason(s) why interest rate varies	Time as Client, 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
Description	Disbursement Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	100
Fixed amount - max	1,000
Reason for variation	Varies based on method of loan disbursement.
Appears on Repayment Sched?	No

Ongoing Fees

	Fee 1
Description	Administration Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	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

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Government Check Off samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 9,300	KES 22,072.17	KES 50,000.29	KES 89,100	KES 299,999.98	KES 419,199.98
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-07	2013-05-08	2013-06-13	2013-07-05	2013-08-02	2013-04-15
Loan Term (Months)	26.0 months	50.0 months	50.0 months	50.0 months	51.0 months	50.0 months
Grace Period (Months)	1.7 months	1.6 months	1.5 months	1.7 months	1.8 months	1.4 months
Total Cost of Credit	KES 6,847.03	KES 34,293.59	KES 77,560.23	KES 145,171.29	KES 490,049.12	KES 649,623.53
True Price by Comp
Interest price component	47.0%	49.4%	49.8%	51.1%	51.0%	50.0%
Fee Component	2.8%	1.0%	1.0%	0.8%	0.8%	0.8%
Insurance Component	1.1%	0.5%	0.5%	0.5%	0.5%	0.6%
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)	50.9%	50.9%	51.3%	52.4%	52.3%	51.4%
Transparency Index	46	46	45	44	45	45

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Government Check Off Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	162
AJDFI	13,100	884,000	6	162
ARDCI	44,600	9,403,000	1	162
ASA Philippines	333,400	29,282,000	1	162
ASHI	35,400	5,231,000	6	162
ASKI	60,000	15,247,000	4	162
Bangko Kabayan	8,900	2,373,000	2	162
BSEI	600	73,000	2	162
CBI	8,100	2,010,000	5	162
CCT	70,300	9,504,000	4	162
CEV	35,400	5,111,000	4	162
DSPI	59,300	3,676,000	3	162
ECLOF	5,400	1,836,000	4	162
FCB	12,000	2,392,000	2	162
FMB	2,700	710,000	2	162
GM Bank	23,500	1,553,000	3	162
HSPFI	19,100	1,899,000	2	162
JVOFI	1,300	281,000	1	162
Katipunan Bank	42,100	5,325,000	2	162
KDCI	20,500	2,095,000	3	162
KGI	32,300	3,421,000	4	162
KMBI	245,000	15,098,000	1	162
LTMPC	37,400	8,935,000	3	162
Mallig Plains	6,500	641,000	2	162
MILAMDEC	29,800	3,278,000	2	162
MWIMPC	11,800	1,740,000	4	161
NWTF	105,500	12,698,000	5	162
OFMPC	4,400	964,000	1	162
PBC	50,700	10,434,000	4	162
PCSD	700	167,000	1	162
PMPC	23,500	5,565,000	8	162
RB Angeles	900	1,502,000	2	162
RB Labason	500	289,000	1	162
RBLI	5,200	1,026,000	2	162
RBMI	11,900	1,750,000	2	162
RMB	100	173,000	1	162
RSPI	39,600	2,834,000	4	162
SAFRAGEMC	1,100	229,000	1	162
Salve	10,900	1,191,000	3	162
SEDP	27,000	3,914,000	3	162
TSKI	212,900	25,187,000	2	162
TSPI	264,500	31,290,000	7	162
Valient	1,700	672,000	2	162

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

	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

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

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Government Check Off samples

Government Check Off Price Graphs

Total Borrowers of Samples

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