Yehu Microfinance Trust - Top Up Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Yehu Microfinance Trust PO Box 82120Mombasa

Data approved: 2013-09-13

Data version: 2

Age of data: 141 months

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Institution

Union Rural Bank Limited Head OfficeSenya Bereku, Central RegionP.O. Box 5

Data approved: 2013-02-26

Data version: 2

Age of data: 139 months

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Product

Top Up Loan Product 4 of 12 « Prev | Next »

Product

Business Loan Product 4 of 5 « Prev | Next »

Product Summary

Number borrowers	364
Loan Amount (range)	KES 5,000 - 1,000,000
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	None
Insurance	None
Tax	None
Comp Dep	N/A
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)	37.8% - 38.2%
Transparency Index (min/max)	24 - 56
Transparency Index (average)	55

Product Summary

435
GHS 200 - 25,000
1 - 12
Credit Educ, Business Training
35.00% annual, Flat
2 fees
None
None
N/A

51.3% - 85.2%
6.0% - 24.9%
0
0
68.2% - 68.7%
37 - 56
51

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 13,049,704.15
Portfolio (USD)	USD 157,605.12
Active Clients with Loans	364
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This gives clients the opportunity to refill their loan. Once a client has a good repayment history and has paid off at least half of their second loan outstanding, they have the option to access more cash faster by refilling their loan.

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

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 591,337.42
Portfolio (USD)	USD 300,171.28
Active Clients with Loans	435
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for individuals with businesses.

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
Credit insurance
Workplace visits
Business training	x
Other training
Other
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
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Greater Accra Region, Central Region

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	20%
KES 50,000-150,000	50%
KES 150,000-250,000	30%
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	24.0 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

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	25,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	0
GHS 1,000-5,000	0
GHS 5,000-7,500	10%
GHS 7,500-10,000	10%
GHS 10,000-13,000	15%
Greater than GHS 13,000	15%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly	x
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

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

This is a refill loan on the Business Loan that does not attract additional fees, insurance, or upfront/continuing compulsory deposit requirements. The borrower does however continue to contribute a continuing amount of KES 100 on the simultaneous Business Loan.

Pricing Information

Interest

Lowest quoted nominal interest	35.00%
Highest quoted nominal interest	35.00%
Reason(s) why interest rate varies	Client Risk
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	Fee 2
Description	Loan Form Fee	Commitment Fee
% of loan amount - min	0	5.00%
% of loan amount - max	0	5.00%
OR, Fixed amount - min	5	0
Fixed amount - max	5	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Top Up Loan samples

	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 24,520	KES 50,000	KES 100,000	KES 159,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-08-05	2013-09-05	2013-06-13	2013-08-22
Loan Term (Months)	12.0 months	12.0 months	12.0 months	17.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 5,160	KES 10,512	KES 21,000	KES 50,085
True Price by Comp
Interest price component	37.9%	37.8%	37.8%	38.2%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	37.9%	37.8%	37.8%	38.2%
Transparency Index	55	55	56	55

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

Full Pricing Data

Business Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 8,000	GHS 15,000	GHS 20,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-03-13	2013-01-09	2013-01-21
Loan Term (Months)	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.1 months
Total Cost of Credit	GHS 3,204.96	GHS 6,005	GHS 8,013
True Price by Comp
Interest price component	57.6%	58.1%	57.9%
Fee Component	10.6%	10.6%	10.6%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	68.2%	68.7%	68.5%
Transparency Index	51	51	51

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

Top Up Loan Price Graphs

Click to view Price Analysis Tool

Business Loan Price Graphs

Click to view Price Analysis Tool

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

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

Additional Comments

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

Top Up Loan samples

Full Pricing Data

Business Loan samples

Top Up Loan Price Graphs

Business Loan Price Graphs

Total Borrowers of Samples

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