Yehu Microfinance Trust - Business Loan - 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: 140 months

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Product

Business Loan Product 3 of 12 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 209,811,535.90
Portfolio (USD)	USD 2,533,955.75
Active Clients with Loans	11,255
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Up to KES 40,000 we don't require tangible colalteral, only a minimum savings amount and group guarantee. Fast loan processing - 14 days. This product includes Business loans and Top-Up Business loans.

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	x
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	1,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	40%
KES 50,000-150,000	30%
KES 150,000-250,000	15%
KES 250,000-350,000	15%
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	36.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	10%
Between 10 and 12 months	40%
Between 13 and 18 months	40%
Longer than 18 months	0

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

Business Loan samples

	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	KES 30,000	KES 50,000	KES 100,000	KES 200,000	KES 250,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-10	2013-04-25	2013-04-08	2013-05-09	2013-07-30
Loan Term (Months)	12.0 months	12.0 months	17.0 months	17.0 months	17.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 7,150	KES 11,750	KES 34,000	KES 68,000	KES 85,000
True Price by Comp
Interest price component	37.8%	37.8%	38.2%	38.2%	38.2%
Fee Component	2.7%	2.1%	1.4%	1.4%	1.4%
Insurance Component	3.2%	3.1%	2.3%	2.3%	2.3%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	18.3%	10.4%	9.4%	8.6%	8.5%
Full APR (int fee ins tax dep)	62.0%	53.4%	51.3%	50.5%	50.4%
Transparency Index	34	39	41	42	42

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

Business Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	156
Ahantaman RB	23,800	9,896,000	4	138
APED	13,700	1,876,000	2	138
ASA Initiative	4,400	577,000	4	138
ASA-Ghana	71,600	18,385,000	2	138
ASPI	800	88,000	6	138
Atwima Kwanwoma	3,800	1,788,000	2	138
Baobab	5,100	967,000	2	138
BestFUND	13,000	4,172,000	3	138
Bonzali Rural	10,400	1,691,000	4	156
CashPhase	83	135,000	2	138
CASUD	1,100	524,000	1	138
CEDEF	500	54,000	4	138
CFF	100	13,000	1	138
CRAN	3,600	1,019,000	2	138
DQF	1,700	63,000	2	138
EASL	9,200	11,409,000	6	138
East Mamprusi	12,500	2,268,000	4	138
ELDA	0	0	0	138
EMPRETEC Ghana	200	56,000	2	138
FASL	13,500	14,047,000	8	138
Grameen Ghana	9,500	507,000	3	138
ID-Ghana	5,600	953,000	3	138
Innovative Finance	2,700	354,000	3	138
Kraban Support	7,700	781,000	5	156
KRB	4,000	6,350,000	3	138
Lower Pra RB	34,000	6,316,000	3	156
Maata-N-Tudu	12,000	941,000	4	138
Mail Finance	300	288,000	1	138
Markaz	0	0	0	138
Markaz Al Bishara	100	17,000	1	138
MicrofinPlus Gh	1,100	251,000	2	138
Nwabiagya RB	4,000	2,265,000	3	138
OISL	62,000	27,232,000	9	138
Pro Credit	0	0	0	138
Rich Step	100	101,000	1	138
SAT	147,600	29,359,000	4	138
Sekam Trust	600	137,000	2	138
Simli Pong	8,900	463,000	3	156
SS Ghana	200	35,000	1	138
TCCU	100	32,000	3	138
The Bridge	400	32,000	3	156
Union RB	3,800	2,361,000	4	138

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


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

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

Business Loan samples

Business Loan Price Graphs

Total Borrowers of Samples

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