Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.pawdep.org/ |
Year established | 2004 |
Head of Institution | Mary Muthoni Chege |
Regions active | Central, Eastern, Nairobi, North Eastern, Rift Valley |
# Branches | 11 |
Total Portfolio (nat'l) | KES 643,652,859 |
Total Portfolio (USD) | USD 7,773,585.25 |
Active clients with loans | 39,401 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AMFI, AMT, NGO Council |
Funders | Women Enterprise Fund |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nuru Loan | KES 5,000 - 200,000 | 15 - 52 | 80% - 100% | 40% - 60% | Any Purpose | Women | Credit Educ, Group Mtgs, Business Training | |||||||
Haraka Loan | KES 500 - 100,000 | 1 | 80% - 100% | 40% - 60% | Any Purpose | Women | Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nuru Loan | 18.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 40.0% upfront 200.00 ongoing | 19.1% - 20.4% | 50.6% - 106.5% | 26 | ||||||||
Haraka Loan | 60.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 200.00 ongoing | 58.7% - 60% | 83% - 84.9% | 71 |
Outstanding portfolio (TZS) | TZS 61,410,000 |
Portfolio (USD) | USD 38,622.64 |
Active Clients with Loans | 69 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | TZS |
Minimum loan size | TZS 100,000 |
Maximum loan size | 1,500,000 |
Shortest loan term | 1.0 month |
Longest loan term | 3.0 months |
Approx average | 3.0 months |
Loans 3 months or less | 100% |
Between 4 and 6 months | 0 |
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 | 0 |
Average grace period | 0 |
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 | 5.00% |
Highest quoted nominal interest | 5.00% |
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 | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10,000 |
Fixed amount - max | 10,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 300,000 | TZS 500,000 | TZS 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-05-16 | 2011-05-25 | 2011-05-28 | 2011-05-19 | |||
Loan Term (Months) | 2.8 months | 2.8 months | 2.8 months | 2.8 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 208.3% | 141.6% | 133.0% | 124.3% | |||
Insurance Component | 10.1% | 8.8% | 8.9% | 8.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 117.9% | 76.6% | 72.9% | 68.0% | |||
Full APR (int fee ins tax dep) | 336.3% | 227.0% | 214.8% | 201.0% | |||
Transparency Index | 18 | 26 | 28 | 30 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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Loan Portfolio (USD) | |
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% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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