Number borrowers | 202 |
Loan Amount (range) | KES 2,990 - 41,400 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Other Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | None |
Insurance | None |
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) | 34.4% - 35.6% |
Transparency Index (min/max) | 25 - 163 |
Transparency Index (average) | 57 |
2,250 |
GHS 300 - 800 |
4 - 5 |
Credit Educ, Tech Asst Visits, Business Training |
42.00%-60.00% annual, Flat |
2 fees |
None |
None |
10.00%-15.00% upfront |
84.9% - 110.4% |
11.3% - 31.6% |
0 - 6.6% |
0 |
143.7% - 154.4% |
25 - 36 |
28 |
Outstanding portfolio (KES) | KES 883,321.93 |
Portfolio (USD) | USD 10,668.14 |
Active Clients with Loans | 202 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
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 565,000 |
Portfolio (USD) | USD 286,802.03 |
Active Clients with Loans | 2,250 |
Approximate % Female Clients | 100% |
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 | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
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 | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Northern Region |
Currency | KES |
Minimum loan size | KES 2,990 |
Maximum loan size | 41,400 |
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 | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 30% |
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 300 |
Maximum loan size | GHS 800 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
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 | 5.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.67% |
Highest quoted nominal interest | 1.67% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
Lowest quoted nominal interest | 3.50% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
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 | Processing Fee | Commitment Fee | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 4.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1st cycle loans are 3.5-4%, multiple-cycle loans are 2%. | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 8.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 8,625 | KES 8,625 | KES 14,375 | KES 41,400 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-08-07 | 2013-07-31 | 2013-07-24 | 2013-08-02 | |||
Loan Term (Months) | 9.0 months | 6.0 months | 6.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.1 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | KES 1,344.68 | KES 927.93 | KES 1,546.54 | KES 8,509.57 | |||
True Price by Comp | |||||||
Interest price component | 35.6% | 34.4% | 35.0% | 35.2% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 35.6% | 34.4% | 35.0% | 35.2% | |||
Transparency Index | 56 | 58 | 57 | 57 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 500 | GHS 1,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2012-12-10 | 2012-12-10 | 2013-02-05 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 5.1 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | ||
Total Cost of Credit | GHS 67.58 | GHS 112.58 | GHS 300 | ||
True Price by Comp | |||||
Interest price component | 92.9% | 92.9% | 95.5% | ||
Fee Component | 26.6% | 26.5% | 22.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 24.2% | 24.3% | 36.2% | ||
Full APR (int fee ins tax dep) | 143.7% | 143.7% | 154.4% | ||
Transparency Index | 29 | 29 | 27 | ||
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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