2. MKL
Please note that the information you are viewing is 119 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Utkarsh
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100
Data approved: 2015-03-27
Data version: 1
Age of data: 119 months

Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 140 months
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Product

Tuelimike ( School Fee Loan) Product 3 of 6 « Prev | Next »

Product

Utkarsh Pragati Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers1,189
Loan Amount (range)KES 5,000 - 70,000
Loan Term (range)3 - 9
Other Services (text summary)Group Mtgs, Business Training, Other Training
Annual Interest & Method22.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp Dep20.0% upfront
Range of pricing 
Interest Price Component34.7% - 93.6%
Fee Component0 - 12.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)67.2% - 79.2%
Transparency Index (min/max)27 - 96
Transparency Index (average)29

Product Summary

154,956
INR 6,000 - 15,000
12 - 14
Credit Educ, Group Mtgs, Tech Asst Visits
25.9% annual, Decl Bal
0.88% upfront
1.00% upfront
12.36% fees
N/A
 
25.6% - 28.8%
0.9% - 1.7%
1.1% - 2.0%
0.1% - 0.3%
29.4% - 29.6%
88 - 93
88

Product Details

Key Statistics
Outstanding portfolio (KES)KES 12,718,447
Portfolio (USD)USD 153,604.43
Active Clients with Loans1,189
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targets clients who either have children in school or are undertaking colledge training themselves.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution5
# Regions for this product4
Regions ActiveCoast, Eastern, Nairobi, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,134,408,127
Portfolio (USD)USD 21,403,926.92
Active Clients with Loans154,956
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan is provided to women borrowers. The loan size ranges between INR 6,000 to 15,000 under joint liability structure.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherClient age must be between 21 to 55.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product4
Regions ActiveBihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size70,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months50%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term14.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionupfront
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest25.94%
Highest quoted nominal interest25.94%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Tuelimike ( School Fee Loan) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
KES 5,000 Generated 2015-03-01 5.5 months N/A KES 655.38 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 5,750 Generated 2015-03-01 8.7 months N/A KES 1,092.71 72.9% 39.6% 8.4% 0.0% 0.0% 24.9% 30 - PDF
KES 18,000 Generated 2015-03-01 5.5 months N/A KES 2,359.37 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 25,875 Generated 2015-03-01 8.7 months N/A KES 4,917.21 72.9% 39.6% 8.4% 0.0% 0.0% 24.9% 30 - PDF
KES 36,000 Generated 2015-03-01 5.5 months N/A KES 4,718.74 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 48,000 Generated 2015-03-01 9.0 months N/A KES 9,352.82 67.2% 37.6% 7.7% 0.0% 0.0% 21.9% 33 - PDF
KES 60,000 Generated 2015-03-01 5.5 months N/A KES 7,864.57 79.2% 39.2% 12.6% 0.0% 0.0% 27.4% 28 - PDF
KES 70,000 Generated 2015-03-01 9.0 months N/A KES 13,639.53 67.2% 37.6% 7.7% 0.0% 0.0% 21.9% 33 - PDF

Full Pricing Data

Utkarsh Pragati samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-122013-04-232013-02-04
Loan Term (Months)14.0 months12.0 months14.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,770.36INR 1,720.36INR 2,655.54
True Price by Comp     
Interest price component25.9%25.6%25.9%
Fee Component1.6%1.7%1.6%
Insurance Component1.9%1.8%1.9%
Tax Component0.2%0.3%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.6%29.4%29.6%
MFIN MFI Earning (Annualised)27.5%27.3%27.5%
MFIN Cost to Borrower (Annualised)29.6%29.4%29.6%
Transparency Index888888
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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