| Number borrowers | 313 |
| Loan Amount (range) | KES 10,000 - 150,000 |
| Loan Term (range) | 6 - 18 |
| Other Services (text summary) | Group Mtgs, Business Training, Other Training, Leadership Training |
| Annual Interest & Method | 20.5% 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) | 51.8% - 80.1% |
| Transparency Index (min/max) | 24 - 56 |
| Transparency Index (average) | 33 |
| 16,472 |
| ETB 500 - 7,500 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 24.0% annual, Flat |
| None |
| 1.00% upfront |
| None |
| 5.0% upfront 10.00 ongoing |
| N/A |
| 24.1% (Int+Fee) |
| 1.2% - 3.5% |
| 0 |
| 26.6% - 26.8% |
| 48 - 90 |
| 89 |
| Outstanding portfolio (KES) | KES 8,150,994.28 |
| Portfolio (USD) | USD 98,441.96 |
| Active Clients with Loans | 313 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Leadership Training |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Coast |
| Outstanding portfolio (ETB) | ETB 38,304,548 |
| Portfolio (USD) | USD 2,081,768.91 |
| Active Clients with Loans | 16,472 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 150,000 |
| 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 | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | dk |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | ETB |
| Minimum loan size | ETB 500 |
| Maximum loan size | 7,500 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 20.50% |
| Highest quoted nominal interest | 20.50% |
| 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 | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 10 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | KES 70,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-06-19 | 2013-05-09 | 2013-07-08 | 2013-05-06 | |||
| Loan Term (Months) | 12.0 months | 12.0 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 2,590 | KES 4,804 | KES 11,750 | KES 16,100.08 | |||
| True Price by Comp | |||||||
| Interest price component | 36.8% | 37.0% | 37.8% | 37.0% | |||
| Fee Component | 8.4% | 4.1% | 2.1% | 2.0% | |||
| Insurance Component | 3.2% | 3.2% | 3.1% | 3.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 31.7% | 21.0% | 10.4% | 9.7% | |||
| Full APR (int fee ins tax dep) | 80.1% | 65.3% | 53.4% | 51.8% | |||
| Transparency Index | 26 | 31 | 38 | 40 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 800 | ETB 1,800 | ETB 2,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-09-06 | 2011-09-06 | 2011-09-06 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 24.1% | 24.1% | 24.1% | ||
| Insurance Component | 1.2% | 1.2% | 1.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 1.5% | 1.3% | 1.3% | ||
| Full APR (int fee ins tax dep) | 26.8% | 26.6% | 26.6% | ||
| Transparency Index | 89 | 90 | 90 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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