Smallholder Irrigation Schemes Development Organization (SISDO) - Inua Loan - MFTransparency.org Truth In Lending Tables

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

Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Smallholder Irrigation Schemes Development Organization (SISDO) P.O. Box 76622Nairobi

Data approved: 2013-06-25

Data version: 2

Age of data: 141 months

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Institution

Youth Self Employment Foundation Head OfficeDar Es SalaamPO Box 74379

Data approved: 2011-12-18

Data version: 1

Age of data: 157 months

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Product

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Product Summary

Number borrowers	5,770
Loan Amount (range)	KES 5,000 - 300,000
Loan Term (range)	3 - 18
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health insurance - optional
Annual Interest & Method	22.0% annual, Flat
Fees	1.00% upfront
Insurance	2.00% upfront
Tax	None
Comp Dep	20.0% upfront 100.00 ongoing
Range of pricing
Interest Price Component	28.1% - 38.9%
Fee Component	1.9% - 3.8%
Insurance Component	4.0% - 7.6%
Tax Component Range	0
Full APR (int fee ins tax dep)	69.4% - 113.0%
Transparency Index (min/max)	15 - 38
Transparency Index (average)	27

Product Summary

3,305
TZS 50,000 - 1,500,000
3 - 12
Tech Asst Visits, Business Training
24.00%-29.00% annual, Flat
0.50% upfront
1.00% upfront
None
25.00% upfront

N/A
45.1% - 54.3% (Int+Fee)
2.2% - 7.8%
0
89.8% - 106.4%
23 - 39
25

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 207,715,811.50
Portfolio (USD)	USD 2,508,645.07
Active Clients with Loans	5,770
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Desingned for micro-enterprises on the threshold of expanding. The majority of customers are in urban and peri-urban areas. There is a group guarantee and a cash collateral of 10%.

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Central, Eastern, Nairobi, Rift Valley, Western

Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 230,346,486
Portfolio (USD)	USD 144,872
Active Clients with Loans	3,305
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Community based loan product for persons engaged in business enterprises

Loan Purpose

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

Included Services

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

Eligibility

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	Belong to the community enjoying the services
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	300,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	60%
KES 50,000-150,000	20%
KES 150,000-250,000	10%
KES 250,000-350,000	10%
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	9.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	20%
Between 10 and 12 months	40%
Between 13 and 18 months	10%
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 50,000
Maximum loan size	1,500,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
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 interest	22.00%
Highest quoted nominal interest	22.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Processing 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

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	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 100
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	0.50%
Maximum interest rate paid	0.50%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	24.00%
Highest quoted nominal interest	29.00%
Reason(s) why interest rate varies	Client Risk
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0.50%
% of loan amount - max	0.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	25.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Inua Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 8,000	KES 30,000	KES 50,000	KES 100,000	KES 200,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-11	2013-06-20	2013-06-03	2013-07-05	2013-07-24
Loan Term (Months)	6.0 months	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.2 months	0.2 months	0.2 months	0.2 months	0.2 months
Total Cost of Credit	KES 1,120	KES 7,500	KES 12,500	KES 25,000	KES 50,000
True Price by Comp
Interest price component	38.1%	38.9%	38.9%	38.9%	38.9%
Fee Component	3.8%	2.1%	2.1%	2.0%	2.0%
Insurance Component	7.6%	4.1%	4.1%	4.2%	4.2%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	63.5%	36.0%	30.2%	26.2%	24.3%
Full APR (int fee ins tax dep)	113.0%	81.1%	75.3%	71.3%	69.4%
Transparency Index	19	27	29	31	32

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

Full Pricing Data

Benkijamii Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	TZS 100,000	TZS 250,000	TZS 500,000	TZS 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-01-02	2011-07-07	2011-02-06	2011-02-04
Loan Term (Months)	3.3 months	3.3 months	6.1 months	9.3 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	46.0%	45.1%	54.3%	49.8%
Insurance Component	7.0%	6.8%	4.5%	2.9%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	39.3%	37.9%	47.6%	39.2%
Full APR (int fee ins tax dep)	92.3%	89.8%	106.4%	91.8%
Transparency Index	26	27	23	26

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

Inua Loan Price Graphs

Click to view Price Analysis Tool

Benkijamii Loan Price Graphs

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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

	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 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

Methodology

Description

Loan Purpose

Included Services

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

Loan Conditions

Loan Amount

Loan Term and Grace Period

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

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

Inua Loan samples

Full Pricing Data

Benkijamii Loan samples

Inua Loan Price Graphs

Benkijamii Loan Price Graphs

Total Borrowers of Samples

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