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 |
1,137 |
GHS 200 - 10,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Other Training, Personal hygiene & health education |
28.1% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
33.3% upfront |
42.7% - 47.5% |
5.1% - 7.3% |
2.6% - 3.8% |
0 |
121.1% - 123.6% |
23 - 38 |
23 |
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 (GHS) | GHS 1,239,324.86 |
Portfolio (USD) | USD 629,098.91 |
Active Clients with Loans | 1,137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Petty Traders |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Personal hygiene & health education |
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 | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
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 | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 50% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | |
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 | 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 | 2.34% |
Highest quoted nominal interest | 2.34% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 33.33% |
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 | 13.50% |
Maximum interest rate paid | 15.50% |
Interest payment frequency | Monthly |
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 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | GHS 2,500 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-25 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2012-11-22 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 85.20 | GHS 170.40 | GHS 255.60 | GHS 511.20 | GHS 426 | GHS 1,363.20 | |||||
True Price by Comp | |||||||||||
Interest price component | 46.2% | 46.2% | 46.7% | 46.2% | 46.2% | 45.9% | |||||
Fee Component | 7.3% | 7.3% | 7.3% | 7.3% | 7.3% | 7.2% | |||||
Insurance Component | 3.7% | 3.7% | 3.8% | 3.7% | 3.7% | 3.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 64.7% | 64.7% | 65.8% | 64.7% | 64.7% | 64.4% | |||||
Full APR (int fee ins tax dep) | 121.9% | 121.9% | 123.6% | 121.9% | 121.9% | 121.1% | |||||
Transparency Index | 23 | 23 | 23 | 23 | 23 | 23 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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