| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.sisdo.org/ |
| Year established | 1991 |
| Head of Institution | Simon Maina |
| Regions active | Central, Eastern, Nairobi, Rift Valley, Western |
| # Branches | 16 |
| Total Portfolio (nat'l) | KES 302,871,417 |
| Total Portfolio (USD) | USD 3,657,867.36 |
| Active clients with loans | 7,374 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Financing Loan | KES 20,000 - 50,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business, Housing | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Daraja Loan | KES 50,000 - 300,000 | 3 - 24 | 40% - 60% | 0% - 20% | Business, Only working capital | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Insurance - optional | |||||||
| Farm Inputs Loan | KES 5,000 - 100,000 | 3 - 12 | 40% - 60% | 0% - 20% | Business | Women, Men, Must be a farmer | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Inua Loan | KES 5,000 - 300,000 | 3 - 18 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health insurance - optional | |||||||
| School Fees Loan | KES 3,000 - 100,000 | 3 - 12 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Zero Grazing Loan | KES 10,000 - 300,000 | 3 - 18 | 40% - 60% | 20% - 40% | Agriculture, Improvement to shed, purchase of cow, chaff-cutter | Women, Men, Have business, Farmers only | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health insurance - optional |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Financing Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 37.6% - 38.5% | 70.3% - 83.8% | 26 | ||||||||
| Daraja Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 500.00 ongoing | 40.9% - 41% | 73% - 119.1% | 25 | ||||||||
| Farm Inputs Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 30.9% - 41.8% | 58.3% - 148.4% | 27 | ||||||||
| Inua Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 40.9% - 41.9% | 69.4% - 113% | 27 | ||||||||
| School Fees Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 37.6% | 66.5% - 113.4% | 25 | ||||||||
| Zero Grazing Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 39.2% - 41.8% | 69.2% - 87.7% | 29 |
| Outstanding portfolio (GHS) | GHS 7,343,255.72 |
| Portfolio (USD) | USD 3,727,540.98 |
| Active Clients with Loans | 398 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Greater Accra Region, Ashanti Region, Brong Ahafo Region |
| Currency | GHS |
| Minimum loan size | GHS 30,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.20% |
| Highest quoted nominal interest | 3.50% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
| 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 | 1.50% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.55% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
| Appears on Repayment Sched? | Yes |
| Required for | Some |
| Criteria | Required only if physical collateral provided is not sufficient. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0 - 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 | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 30,000 | GHS 30,000 | GHS 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-06-25 | 2013-05-31 | 2013-07-24 | ||
| Loan Term (Months) | 25.0 months | 24.0 months | 18.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.1 months | ||
| Total Cost of Credit | GHS 23,812 | GHS 23,812 | GHS 18,297.52 | ||
| True Price by Comp | |||||
| Interest price component | 57.8% | 57.7% | 61.5% | ||
| Fee Component | 2.3% | 2.2% | 3.0% | ||
| Insurance Component | 0.6% | 0.7% | 1.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 6.3% | 0.0% | ||
| Full APR (int fee ins tax dep) | 60.7% | 66.9% | 66.0% | ||
| Transparency Index | 63 | 57 | 58 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
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| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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