2. LKL
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Sekam Trust
Please note that the information you are viewing is 139 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: 133 months
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Institution

Sekam Trust International Tulaku, behind Amal BankPBM 16AF, Adenta FlatsAshaiman, Greater Accra
Data approved: 2013-03-15
Data version: 2
Age of data: 139 months
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Product

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Product

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Product Summary

Number borrowers82
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 & Method20.0% annual, Flat
Fees2.00% upfront 100.00-1,000.00 upfront
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component25.3% - 51.1%
Fee Component0 - 10.2%
Insurance Component0 - 9.6%
Tax Component Range0
Full APR (int fee ins tax dep)35.8% - 35.9%
Transparency Index (min/max)25 - 163
Transparency Index (average)56

Product Summary

365
GHS 200 - 500
3 - 6
Book keeping training
60.00%-96.00% annual, Flat
2 fees
1.20% upfront
None
20.00% upfront
 
110.7% - 154.0%
9.8% - 26.0%
5.1% - 6.4%
0
248.8% - 257.7%
22 - 26
23

Product Details

Key Statistics
Outstanding portfolio (KES)KES 3,281,943.62
Portfolio (USD)USD 39,637
Active Clients with Loans82
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
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 loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 146,000
Portfolio (USD)USD 74,111.68
Active Clients with Loans365
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for petty traders and fish mongers, mostly women in groups of 5-10 members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherBook keeping training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 20,000
Maximum loan size250,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00020%
KES 50,000-150,00060%
KES 150,000-250,00020%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months70%
Between 13 and 18 months20%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan sizeGHS 500
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months60%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.8 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionAdministration FeeDisbursement Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min0100
Fixed amount - max01,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesClient Risk, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeRegistration Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid10.50%
Maximum interest rate paid10.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Biogas samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 49,500KES 64,100KES 76,000KES 76,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-10-152013-07-242013-06-292013-08-21
Loan Term (Months)13.0 months13.0 months13.0 months13.0 months
Grace Period (Months)1.1 months1.0 month1.0 month1.0 month
Total Cost of CreditKES 11,577.94KES 15,014.71KES 17,813.35KES 17,806.58
True Price by Comp       
Interest price component28.7%28.7%28.7%28.7%
Fee Component3.7%3.7%3.6%3.6%
Insurance Component3.5%3.4%3.5%3.5%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.9%35.8%35.8%35.8%
Transparency Index56565656
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 250GHS 300GHS 375
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-252012-11-252013-01-20
Loan Term (Months)5.8 months5.8 months5.8 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 138GHS 163.60GHS 202
True Price by Comp     
Interest price component154.0%154.0%154.0%
Fee Component26.0%23.0%20.0%
Insurance Component5.4%5.4%5.4%
Tax Component0.0%0.0%0.0%
Deposit Component72.3%70.8%69.4%
Full APR (int fee ins tax dep)257.7%253.2%248.8%
Transparency Index232424
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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