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

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 Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2000
Head of InstitutionJames Mugambi
Regions activeCentral, Coast, Eastern, Nairobi, Rift Valley
# Branches11

Total Portfolio (nat'l)KES 770,993,115
Total Portfolio (USD)USD 9,311,511.05
Active clients with loans13,164
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Biashara
1,985 Borrowers
USD 3,233,509.01 Portfolio
Active Product
Group
6,440 Borrowers
USD 3,471,656.48 Portfolio
Active Product
Maji
363 Borrowers
USD 60,130.79 Portfolio
Active Product
Government
2,298 Borrowers
USD 1,545,809.67 Portfolio
Active Product
Payroll
1,392 Borrowers
USD 913,677.99 Portfolio
Active Product
Solar
202 Borrowers
USD 10,668.14 Portfolio
Active Product
Emergency
332 Borrowers
USD 23,617.40 Portfolio
Active Product
School
69 Borrowers
USD 11,838.38 Portfolio
Active Product
Biogas
82 Borrowers
USD 39,637 Portfolio
Active Product
Cheque
1 Borrowers
USD 966.18 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara KES 50,000 - 3,000,000 3 - 24 40% - 60% 40% - 60% Business, Housing, Other Women, Men, Have business, Have home or land Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
Group KES 3,000 - 1,500,000 3 - 24 40% - 60% 20% - 40% Any Purpose Women, Men, Have business, Must be known by the other members Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Maji Nyumbani KES 6,192 - 63,184 3 - 12 60% - 80% 0% - 20% This loan is for the purchase of water tanks only Women, Men Credit Educ, Other Training
Government Check Off KES 1 - 1,000,000 3 - 60 0% - 20% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ
Payroll (MOU) KES 1 - 300,000 3 - 24 0% - 20% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ, Credit Ins
Solar KES 2,990 - 41,400 3 - 12 40% - 60% 0% - 20% Housing Women, Men Credit Educ, Other Training
Emergency KES 3,000 - 10,000 3 - 4 40% - 60% 40% - 60% Any Purpose Women, Men Credit Educ, Other Training
School Fees KES 10,000 - 50,000 3 - 6 60% - 80% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Other Training
Biogas KES 20,000 - 250,000 3 - 18 40% - 60% 0% - 20% Consumer Women, Men, Have home or land Credit Educ, Group Mtgs, Tech Asst Visits, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 22.0% annual, Flat 2 Fees 1 Ins None 41.5% - 47.5% 44.3% - 64% 44
Group 20.0% annual, Flat 2 Fees 1 Ins None 15.0%-20.0% upfront 400.00 ongoing 37% - 42.9% 59.1% - 79.9% 31
Maji Nyumbani 22.0% annual, Flat 0 Fees 1 Ins None 10.0%-20.0% upfront 37.9% - 38.5% 49.8% - 52% 43
Government Check Off 23.3%-30.0% annual, Flat 2 Fees 1 Ins None N/A 49.8% - 51.9% 50.9% - 52.4% 45
Payroll (MOU) 22.0% annual, Flat 2 Fees 1 Ins None N/A 41.9% - 46% 43.7% - 49.1% 48
Solar 20.0% annual, Flat 0 Fees 0 Ins None N/A 34.4% - 35.6% 34.4% - 35.6% 57
Emergency 18.0% annual, Flat 1 Fee 1 Ins None N/A 29.7% - 31.6% 38.6% - 41.2% 45
School Fees 22.0% annual, Flat 0 Fees 1 Ins None N/A 31.6% - 34.2% 37.8% - 40.9% 91
Biogas 20.0% annual, Flat 2 Fees 1 Ins None N/A 32.3% - 32.4% 35.8% - 35.9% 56
Institution Price Graph
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  2. MCBL
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

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333
Data approved: 2013-04-09
Data version: 2
Age of data: 135 months
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Product

Group Loans Product 2 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 221,703,736
Portfolio (USD)USD 139,436.31
Active Clients with Loans672
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans meant for individual who organise themselves into small groups . They should be involved in some form of business enterprise.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
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 ActiveKilimanjaro

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size2,200,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00020%
TZS 350,000-1,250,00030%
TZS 1,250,000-2,000,00030%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Facility / Set Up 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 Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit life Assurance
% of loan amount - min0.65%
% of loan amount - max0.65%
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 forSome
CriteriaFor those withought frequent deposits
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
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 paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Group Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 100,000TZS 200,000TZS 400,000TZS 1,000,000TZS 1,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-042013-01-072013-01-032013-01-082013-01-04
Loan Term (Months)11.0 months11.0 months8.0 months5.6 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 30,342TZS 60,685TZS 93,677TZS 164,962TZS 455,135
True Price by Comp         
Interest price component53.1%53.1%53.4%53.0%53.1%
Fee Component4.6%4.6%5.9%8.5%4.6%
Insurance Component1.5%1.5%1.9%2.8%1.5%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component19.6%19.6%20.9%22.2%19.6%
Full APR (int fee ins tax dep)78.8%78.8%82.1%86.5%78.8%
Transparency Index3838373538
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Group Loans Price Graphs


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# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
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% Products with one or more insurances
% Products with compulsory deposits
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