| Number borrowers | 109 |
| Loan Amount (range) | KES 10,000 - 60,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Leadership training |
| Annual Interest & Method | 21.0% annual, Flat |
| Fees | 400.00-0.00 upfront |
| Insurance | 1.50% upfront |
| Tax | None |
| Comp Dep | 10.0%-15.0% upfront 100.00 ongoing |
| Range of pricing | |
| Interest Price Component | 33.6% - 40.3% |
| Fee Component | 0 - 10.6% |
| Insurance Component | 0 - 4.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 59.3% - 81.5% |
| Transparency Index (min/max) | 24 - 56 |
| Transparency Index (average) | 29 |
| 109 |
| GHS 200 - 3,000 |
| 4 - 9 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
| 48.00% annual, Flat |
| 1.00% upfront |
| None |
| None |
| 33.30% upfront |
| 68.2% - 77.5% |
| 2.7% - 4.7% |
| 0 |
| 0 |
| 141.6% - 150.5% |
| 32 - 34 |
| 32 |
| Outstanding portfolio (KES) | KES 1,596,976.68 |
| Portfolio (USD) | USD 19,287.16 |
| Active Clients with Loans | 109 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Leadership training |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Coast |
| Outstanding portfolio (GHS) | GHS 27,463 |
| Portfolio (USD) | USD 13,940.61 |
| Active Clients with Loans | 109 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0 |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Small-scale businesses |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| 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 | Must be an active farmer. |
| Other (2) | Must be a farmer group member, and live in the same community as the group. |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Eastern Region, Ashanti Region |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 60,000 |
| Loans less than KES 50,000 | 70% |
| KES 50,000-150,000 | 30% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 3,000 |
| Loans less than GHS 1,000 | 10% |
| GHS 1,000-5,000 | 90% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 30% |
| Average grace period | 6 months |
| Daily | |
| 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 | 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 |
| 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 |
| 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 |
| 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 |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | 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? | 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 | 33.30% |
| 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 | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-21 | 2013-05-09 | 2013-05-28 | ||
| Loan Term (Months) | 9.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
| Total Cost of Credit | KES 2,134 | KES 4,900 | KES 11,762 | ||
| True Price by Comp | |||||
| Interest price component | 37.2% | 37.8% | 37.8% | ||
| Fee Component | 10.6% | 4.1% | 2.1% | ||
| Insurance Component | 4.1% | 3.2% | 3.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 29.6% | 21.3% | 16.3% | ||
| Full APR (int fee ins tax dep) | 81.5% | 66.4% | 59.3% | ||
| Transparency Index | 25 | 30 | 34 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,500 | GHS 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | 9 | 1 | 1 | Not Known | |||
| Disbursement Date | 2012-12-06 | 2012-12-06 | 2013-02-07 | 2013-01-14 | |||
| Loan Term (Months) | 6.0 months | 4.4 months | 4.4 months | 9.0 months | |||
| Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | |||
| Total Cost of Credit | GHS 75 | GHS 102 | GHS 255 | GHS 1,110 | |||
| True Price by Comp | |||||||
| Interest price component | 74.1% | 68.2% | 68.2% | 77.5% | |||
| Fee Component | 3.5% | 4.7% | 4.7% | 2.7% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 72.4% | 68.7% | 68.7% | 70.3% | |||
| Full APR (int fee ins tax dep) | 150.0% | 141.6% | 141.6% | 150.5% | |||
| Transparency Index | 32 | 34 | 34 | 32 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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