- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	142
Adok Timo	4,200	570,000	4	174
BIMAS	11,100	4,679,000	7	142
ECLOF Kenya	20,500	5,455,000	8	142
Equity Bank	135,500	94,746,000	9	142
Family Bank	43,200	90,700,000	5	174
Jamii Bora	2,400	3,374,000	4	142
Juhudi Kilimo	10,400	4,436,000	2	142
KADET	12,900	5,402,000	4	142
K-Rep	0	0	0	142
K-Rep Bank	65,000	28,743,000	4	174
KWFT DTM	294,600	165,982,000	6	142
LKL	13,100	9,311,000	10	135
MKL	18,200	5,989,000	6	119
Opportunity Kenya	9,100	4,866,000	5	142
PAWDEP	40,900	7,133,000	2	142
RAFODE	2,900	356,000	1	142
SISDO	7,300	3,657,000	11	142
Yehu	14,000	3,149,000	11	142

Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Dire Microfinance Head OfficeDire DawaPO Box 2859

Data approved: 2011-12-23

Data version: 1

Age of data: 159 months

Download Data

Analyze Data

Product

Individual Loan Product 4 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ETB)	ETB 2,813,800
Portfolio (USD)	USD 152,923.91
Active Clients with Loans	187
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This product is targeted at individuals engaged in economic activities who are able to provide collateral.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	ETB
Minimum loan size	ETB 2,500
Maximum loan size	80,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	36.0 months
Approx average	12.0 months

Grace Period

Grace period usage	100%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	11.50%
Highest quoted nominal interest	11.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% of loan amount - min	2.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
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 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

Individual Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	ETB 2,500	ETB 10,000	ETB 19,000	ETB 50,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-11-17	2011-03-08	2010-08-30	2011-03-08
Loan Term (Months)	20.0 months	12.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	21.9%	24.3%	21.2%	22.7%
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)	21.9%	24.3%	21.2%	22.7%
Transparency Index	52	47	54	51

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

Individual 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 ∞