Number borrowers | 1,392 |
Loan Amount (range) | KES 1 - 300,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 100.00-1,000.00 upfront 3.00% ongoing |
Insurance | 2.00% ongoing |
Tax | None |
Comp Dep | N/A |
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) | 43.7% - 49.1% |
Transparency Index (min/max) | 25 - 163 |
Transparency Index (average) | 48 |
13,529 |
GHS 1,000 - 30,000 |
1 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
30.00% annual, Flat |
2 fees |
None |
None |
25.00%- upfront |
N/A |
66.3% - 87.9% (Int+Fee) |
0 |
0 |
104.2% - 146.4% |
19 - 59 |
24 |
Outstanding portfolio (KES) | KES 75,652,537.91 |
Portfolio (USD) | USD 913,677.99 |
Active Clients with Loans | 1,392 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
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 | |
Must own a home or land | |
Must be a salaried worker | x |
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 4,124,077 |
Portfolio (USD) | USD 2,093,440.10 |
Active Clients with Loans | 13,529 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
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 | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | KES |
Minimum loan size | KES 1 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 20% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 30% |
KES 250,000-350,000 | 20% |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 15% |
Longer than 18 months | 20% |
Grace period usage | 100% |
Average grace period | 0.7 months |
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 1,000 |
Maximum loan size | 30,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
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 |
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 |
Fee 1 | |
---|---|
Description | Admnistration 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 |
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 | 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 | 30.00% |
Highest quoted nominal interest | 30.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Risk Fund(3%) & Commitment fee (5%) | |
% of loan amount - min | 0 | 8.00% | |
% of loan amount - max | 0 | 8.00% | |
OR, Fixed amount - min | 3 | 0 | |
Fixed amount - max | 3 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 25.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit |
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 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 9,256.83 | KES 28,034.77 | KES 49,845.90 | KES 88,031.25 | KES 200,501.50 | KES 301,634.80 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-05-31 | 2013-08-26 | 2013-07-16 | 2013-06-21 | 2013-05-31 | 2013-07-31 | |||||
Loan Term (Months) | 12.0 months | 19.0 months | 13.0 months | 19.0 months | 19.0 months | 19.0 months | |||||
Grace Period (Months) | 0.5 months | 0.7 months | 1.1 months | 0.8 months | 0.5 months | 0.6 months | |||||
Total Cost of Credit | KES 2,664.26 | KES 11,928.16 | KES 15,945.37 | KES 37,892.99 | KES 83,583.57 | KES 125,656.21 | |||||
True Price by Comp | |||||||||||
Interest price component | 39.1% | 39.0% | 38.9% | 39.0% | 39.1% | 39.1% | |||||
Fee Component | 6.9% | 3.3% | 4.3% | 2.9% | 3.0% | 2.9% | |||||
Insurance Component | 3.1% | 1.9% | 2.6% | 1.8% | 1.8% | 1.9% | |||||
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) | 49.1% | 44.2% | 45.8% | 43.7% | 43.9% | 43.9% | |||||
Transparency Index | 45 | 50 | 48 | 50 | 50 | 50 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,000 | GHS 3,500 | GHS 10,000 | GHS 15,000 | GHS 30,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-06-17 | 2011-07-22 | 2011-05-30 | 2010-10-24 | 2011-04-07 | ||||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 87.9% | 66.3% | 77.2% | 77.5% | 67.4% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 58.5% | 42.6% | 49.2% | 49.7% | 36.8% | ||||
Full APR (int fee ins tax dep) | 146.4% | 108.8% | 126.4% | 127.2% | 104.2% | ||||
Transparency Index | 20 | 28 | 24 | 24 | 29 | ||||
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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