Yehu Microfinance Trust - Agriculture Loan - Meat Goat - MFTransparency.org Truth In Lending Tables

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Institution

Yehu Microfinance Trust PO Box 82120Mombasa

Data approved: 2013-09-13

Data version: 2

Age of data: 141 months

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Product

Agriculture Loan - Meat Goat Product 1 of 12 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 2,005,593.13
Portfolio (USD)	USD 24,222.14
Active Clients with Loans	181
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Used for working capital to buy stock (live goats) that farmers can sell in the markets.

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
Business training	x
Other training	x
Other	Leadership training
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Coast

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	150,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	80%
KES 50,000-150,000	20%
KES 150,000-250,000	0
KES 250,000-350,000	0
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	12.0 months

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
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	21.00%
Highest quoted nominal interest	21.00%
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	Application Fee
% of loan amount - min	0
% of loan amount - max	1.00%
OR, Fixed amount - min	400
Fixed amount - max	0
Reason for variation	KES 400 Minimum
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Emergency Fund
% of loan amount - min	1.50%
% of loan amount - max	1.50%
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	Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10%
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 15.00%
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	2.00%
Maximum interest rate paid	4.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Agriculture Loan - Meat Goat samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 10,000	KES 15,000	KES 20,000	KES 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-07-04	2013-03-26	2013-05-29	2013-05-06
Loan Term (Months)	12.0 months	9.0 months	12.0 months	12.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 2,662	KES 2,987.50	KES 4,900	KES 7,162
True Price by Comp
Interest price component	38.0%	37.0%	37.8%	37.9%
Fee Component	8.4%	7.0%	4.1%	2.7%
Insurance Component	3.3%	4.0%	3.2%	3.2%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	32.1%	23.1%	21.3%	18.3%
Full APR (int fee ins tax dep)	81.8%	71.1%	66.4%	62.1%
Transparency Index	24	28	30	32

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

Agriculture Loan - Meat Goat Price Graphs

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Key Statistics
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# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits

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