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Institution
Data approved: 2013-09-13
Data version: 2
Age of data: 145 months
Description
Designed for the purchase of above or underground static water storage tanks from 1,000 liters, water harvesting pans, piping and accessories, plumbing works, septic tanks, and concrete water storage.
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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 1 # Regions for this product 1 Regions Active Coast
Loan Conditions
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
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
Pricing Information
Interest
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
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
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
Full Pricing Data
Maji ni Uhai Loan sample s
Sample 1Sample 2Sample 3Sample 4Loan 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 PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Maji ni Uhai Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Multiple Loan Purpose Yehu Institution KE-026-V02-P09 Product KE Country 2013 Year Range Number 2 Institution Data Version 0 20,000 40,000 60,000 Loan Size (all) 0% 20% 40% 60% 80% Full APR (int fee ins tax dep) > 200 100 10 Number of Borrowers
