Smallholder Irrigation Schemes Development Organization (SISDO) - Maji Nyumbani 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 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

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

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, near Capital RadioKumasi, AshantiP.O. Box 4911

Data approved: 2013-03-13

Data version: 2

Age of data: 139 months

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Product

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Product Summary

4,150
GHS 100 - 5,000
6 - 12
Credit Educ, Group Mtgs, Business Training
20.00%-40.00% annual, Flat
2 fees
1.00%-4.00% ongoing
None
10.00% upfront

46.3% - 64.7%
6.8% - 18.2%
2.2% - 3.1%
0
78.7% - 91.5%
22 - 52
22

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 (KES)	KES 38,906.68
Portfolio (USD)	USD 469.89
Active Clients with Loans	0
Approximate % Female Clients	0
Approximate % Urban Clients	0

Description

Caters to clients who are in need of water tanks at subsidized prices.

Loan Purpose

Any purpose
Income generation
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
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	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 2,124,145
Portfolio (USD)	USD 1,078,246.19
Active Clients with Loans	4,150
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for micro and small entrepreneurs to enable them to acquire basic inputs to expand businesses.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan
Agriculture
Education	x
Other household finance
Other	Micro School
Other (2)	Special Agric Loan

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	10
# Regions for this product	10
Regions Active	Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 100
Maximum loan size	5,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	80%
GHS 1,000-5,000	20%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	8.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	15%
Between 7 and 9 months	70%
Between 10 and 12 months	15%
Between 13 and 18 months	0
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	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	40.00%
Reason(s) why interest rate varies	Time as Client, Loan Size, Loan Purpose
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	Fee 2
Description	Processing Fee	Training Fee
% of loan amount - min	3.50%	0
% of loan amount - max	3.50%	0
OR, Fixed amount - min	0	3
Fixed amount - max	0	3
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Client Welfare Fee
% of loan amount - min	1.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Varies depending on loan term - 6 to 24 months. Fee is 2% p.a
Appears on Repayment Sched?	No

Compulsory Deposit

Required for	All
Criteria	Most loans do not have compulsory savings for old clients
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
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	8.00%
Maximum interest rate paid	8.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Individual samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 400	GHS 600	GHS 1,500	GHS 3,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-02-18	2013-03-12	2013-02-04	2013-03-12
Loan Term (Months)	4.5 months	4.5 months	7.0 months	9.0 months
Grace Period (Months)	0.5 months	0.4 months	0.4 months	0.5 months
Total Cost of Credit	GHS 80	GHS 118.52	GHS 342.54	GHS 993.52
True Price by Comp
Interest price component	57.6%	58.3%	52.3%	61.7%
Fee Component	18.2%	17.3%	12.0%	9.5%
Insurance Component	2.7%	2.7%	2.5%	2.8%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	13.0%	13.0%	11.9%	13.1%
Full APR (int fee ins tax dep)	91.5%	91.3%	78.7%	87.1%
Transparency Index	22	22	25	23

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

Individual 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
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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Max
Std Dev

By Inst Type


By Country

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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

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

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

Individual samples

Individual Price Graphs

Total Borrowers of Samples

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