SAFCO SUPPORT FOUNDATION - Agriculture Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

SAFCO SUPPORT FOUNDATION B-11 behind St. Bonaventure School Phase II QasimabadHyderabad, Sindh

Data approved: 2015-04-24

Data version: 2

Age of data: 113 months

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Institution

Kenya Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi

Data approved: 2013-05-29

Data version: 2

Age of data: 141 months

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Product

Agriculture Loan Product 1 of 3 « Prev | Next »

Product

Afya Loan Product 7 of 9 « Prev | Next »

Product Summary

Number borrowers	1,330
Loan Amount (range)	PKR 3,000 - 50,000
Loan Term (range)	3 - 6
Other Services (text summary)	Business Training, Refund of principle amount in case of death
Annual Interest & Method	22.0% annual, Flat
Fees	3.00% upfront 1.00% upfront
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	20.9% - 43.5%
Fee Component	8.2% - 9.5%
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	29.2%
Transparency Index (min/max)	42 - 75
Transparency Index (average)	75

Product Summary

629
KES 8,666 - 21,420
3 - 12
Credit Educ, Credit Ins
19.0% annual, Flat
2.00% upfront
2.00% upfront
None
N/A

26.8% - 38.7%
2.0% - 7.5%
2.1% - 7.7%
0
37.7% - 42.0%
13 - 51
46

Product Details

Key Statistics

Outstanding portfolio (PKR)	PKR 42,968,626
Portfolio (USD)	USD 421,951.91
Active Clients with Loans	1,330
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

6 Months - Bullet Repayment

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training	x
Other training
Other	Refund of principle amount in case of death
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	1
# Regions for this product	1
Regions Active	Sindh

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 3,017,405
Portfolio (USD)	USD 36,442.09
Active Clients with Loans	629
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

An affordable comprehensive in/outpatient medical cover.

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	6
Regions Active	Central, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	PKR
Minimum loan size	PKR 3,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than PKR 10,000	0
PKR 10,000-25,000	0
PKR 25,000-50,000	100%
PKR 50,000-75,000	0
PKR 75,000-150,000	0
Greater than PKR 150,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

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

Grace period usage	100%
Average grace period	0.3 months

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 8,666
Maximum loan size	21,420

Distribution at Disbursement (Est.)

Loans less than KES 50,000	100%
KES 50,000-150,000	0
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	15%
Between 10 and 12 months	80%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
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	22.00%
Highest quoted nominal interest	22.00%
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	Fee 2
Description	Registration Fee	Emergency Fund Fee
% of loan amount - min	3.00%	1.00%
% of loan amount - max	3.00%	1.00%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	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?

Pricing Information

Interest

Lowest quoted nominal interest	19.00%
Highest quoted nominal interest	19.00%
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	Loan Processing 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Risk Management 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

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

Agriculture 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
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
PKR 25,000	Generated	2015-05-01	5.9 months	N/A	PKR 3,712.33	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 28,000	Generated	2015-05-01	5.9 months	N/A	PKR 4,157.81	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 30,000	Generated	2015-05-01	5.9 months	N/A	PKR 4,454.79	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 33,000	Generated	2015-05-01	5.9 months	N/A	PKR 4,900.27	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 36,000	Generated	2015-05-01	5.9 months	N/A	PKR 5,345.75	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 40,000	Generated	2015-05-01	5.9 months	N/A	PKR 5,939.73	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 45,000	Generated	2015-05-01	5.9 months	N/A	PKR 6,682.19	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF
PKR 50,000	Generated	2015-05-01	5.9 months	N/A	PKR 7,424.66	29.2%	20.9%	8.3%	0.0%	0.0%	0.0%	75	-	PDF

Full Pricing Data

Afya Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	KES 8,666	KES 10,875	KES 8,766
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-08-01	2013-06-05	2013-07-26
Loan Term (Months)	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.7 months	0.7 months	1.0 month
Total Cost of Credit	KES 1,993.18	KES 2,501.25	KES 2,016.15
True Price by Comp
Interest price component	33.8%	33.8%	30.4%
Fee Component	4.0%	4.0%	3.6%
Insurance Component	4.1%	4.2%	3.7%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	41.9%	42.0%	37.7%
Transparency Index	45	45	50

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

Agriculture Loan Price Graphs

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Afya Loan Price Graphs

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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

	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 ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Agriculture Loan samples

Full Pricing Data

Afya Loan samples

Agriculture Loan Price Graphs

Afya Loan Price Graphs

Total Borrowers of Samples

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