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 1,253,405.21 |
Portfolio (USD) | USD 636,246.30 |
Active Clients with Loans | 421 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Currency | GHS |
Minimum loan size | GHS 1,500 |
Maximum loan size | 50,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 15% |
GHS 10,000-13,000 | 20% |
Greater than GHS 13,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 25.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,500 | GHS 6,000 | GHS 8,000 | GHS 10,000 | GHS 15,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-07-04 | 2013-06-25 | 2013-06-18 | 2013-06-10 | 2013-05-10 | ||||
Loan Term (Months) | 8.0 months | 6.0 months | 12.0 months | 12.0 months | 10.0 months | ||||
Grace Period (Months) | -0.4 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | GHS 401 | GHS 1,260 | GHS 3,111.96 | GHS 3,896 | GHS 4,950 | ||||
True Price by Comp | |||||||||
Interest price component | 64.8% | 57.8% | 59.3% | 59.3% | 59.1% | ||||
Fee Component | 9.6% | 10.9% | 6.2% | 6.3% | 7.2% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 51.4% | 42.9% | 39.4% | 39.4% | 40.6% | ||||
Full APR (int fee ins tax dep) | 125.8% | 111.6% | 104.9% | 105.0% | 106.9% | ||||
Transparency Index | 29 | 32 | 34 | 34 | 34 | ||||
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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