Number borrowers | 332 |
Loan Amount (range) | KES 3,000 - 10,000 |
Loan Term (range) | 3 - 4 |
Other Services (text summary) | Credit Educ, Other Training |
Annual Interest & Method | 18.0% annual, Flat |
Fees | 100.00-1,000.00 upfront |
Insurance | 2.00% upfront |
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) | 38.6% - 41.2% |
Transparency Index (min/max) | 25 - 163 |
Transparency Index (average) | 45 |
407 |
GHS 600 - 3,000 |
3 - 12 |
Credit Ins |
48.0% annual, Flat |
1.50%-2.00% upfront |
0.55%-1.00% upfront |
None |
2.50-10.00 ongoing |
57.7% - 86.0% |
2.2% - 9.1% |
0.6% - 4.5% |
0 - 0.6% |
111.6% - 118.8% |
27 - 66 |
41 |
Outstanding portfolio (KES) | KES 1,955,520.42 |
Portfolio (USD) | USD 23,617.40 |
Active Clients with Loans | 332 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | |
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 148,203.62 |
Portfolio (USD) | USD 75,230.26 |
Active Clients with Loans | 407 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Eastern Region |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 10,000 |
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 | 3.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 90% |
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 | 0.3 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 600 |
Maximum loan size | 3,000 |
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 | 3.0 months |
Longest loan term | 12.0 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 | 70% |
Average grace period | 0.3 months |
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 |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 1.50% |
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 | 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 | 4.00% |
Highest quoted nominal interest | 4.00% |
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 | Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.55% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
Appears on Repayment Sched? | Yes |
Required for | Some |
Criteria | Required if physical collateral provided is not sufficient. Ongoing is 2.5 GHS pw for weekly loans, 10 GHS for monthly loans |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0 - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | GHS 2.50 - GHS 10 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 10,000 | KES 10,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-30 | 2013-08-05 | 2013-07-24 | ||
Loan Term (Months) | 4.3 months | 4.3 months | 4.5 months | ||
Grace Period (Months) | 0.3 months | 0.3 months | 0.5 months | ||
Total Cost of Credit | KES 900 | KES 900 | KES 900 | ||
True Price by Comp | |||||
Interest price component | 26.9% | 27.0% | 25.3% | ||
Fee Component | 4.7% | 4.6% | 4.4% | ||
Insurance Component | 9.5% | 9.6% | 8.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 41.1% | 41.2% | 38.6% | ||
Transparency Index | 44 | 44 | 47 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 800 | GHS 1,800 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-06-12 | 2013-02-28 | 2013-02-28 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.5 months | 0.1 months | 0.1 months | ||
Total Cost of Credit | GHS 133.11 | GHS 198.90 | GHS 447.60 | ||
True Price by Comp | |||||
Interest price component | 67.6% | 69.9% | 69.9% | ||
Fee Component | 6.5% | 7.2% | 7.2% | ||
Insurance Component | 1.8% | 2.0% | 2.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 35.7% | 39.7% | 36.0% | ||
Full APR (int fee ins tax dep) | 111.6% | 118.8% | 115.1% | ||
Transparency Index | 43 | 40 | 42 | ||
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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