Letshego Kenya Limited - Biogas - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

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

Data approved: 2013-09-18

Data version: 2

Age of data: 135 months

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Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra

Data approved: 2013-03-26

Data version: 2

Age of data: 141 months

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Product

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Product

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Product Summary

Number borrowers	82
Loan Amount (range)	KES 20,000 - 250,000
Loan Term (range)	3 - 18
Other Services (text summary)	Credit Educ, Group Mtgs, Tech Asst Visits, Other Training
Annual Interest & Method	20.0% annual, Flat
Fees	2.00% upfront 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)	35.8% - 35.9%
Transparency Index (min/max)	25 - 163
Transparency Index (average)	56

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 3,281,943.62
Portfolio (USD)	USD 39,637
Active Clients with Loans	82
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

This product targets dairy farmers in Kenya. The purpose of the product is to ease the financial burden on farmers who meet minimum criteria to set up biogas digester plants.

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land	x
Must be a salaried worker
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

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (GHS)	GHS 5,600
Portfolio (USD)	USD 2,842.64
Active Clients with Loans	30
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Description

Designed for clients to invest in technologies that enable improved quality and access to energy, for example solar driers, lamps, etc. Loan ranges from GHS 30-3000.

Loan Purpose

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

Eligibility

Men	x
Women	x
Must run a business	x
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	2
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 20,000
Maximum loan size	250,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	20%
KES 50,000-150,000	60%
KES 150,000-250,000	20%
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	18.0 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	70%
Between 13 and 18 months	20%
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

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	1.67%
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

Upfront Fees

	Fee 1	Fee 2
Description	Administration Fee	Disbursement Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	100
Fixed amount - max	0	1,000
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront 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

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Biogas samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 49,500	KES 64,100	KES 76,000	KES 76,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-10-15	2013-07-24	2013-06-29	2013-08-21
Loan Term (Months)	13.0 months	13.0 months	13.0 months	13.0 months
Grace Period (Months)	1.1 months	1.0 month	1.0 month	1.0 month
Total Cost of Credit	KES 11,577.94	KES 15,014.71	KES 17,813.35	KES 17,806.58
True Price by Comp
Interest price component	28.7%	28.7%	28.7%	28.7%
Fee Component	3.7%	3.7%	3.6%	3.6%
Insurance Component	3.5%	3.4%	3.5%	3.5%
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)	35.9%	35.8%	35.8%	35.8%
Transparency Index	56	56	56	56

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

Biogas Price Graphs

Click to view Price Analysis Tool

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

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

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

Biogas samples

Biogas Price Graphs

Total Borrowers of Samples

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