- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	118
KF	233,600	41,416,000	4	117
NRSP	399,900	70,157,000	3	118
ASA	230,400	29,637,000	3	118
TMFB	221,200	85,449,000	7	118
FMFB	163,544	38,481,323	9	136
TRDP	100,000	13,817,000	3	118
PRSP	75,656	9,907,176	3	136
BRAC^P	57,300	11,869,000	3	118
SRSO	51,100	7,775,000	3	118
SSF	46,000	4,776,000	3	118
FINCA	82,000	43,559,000	9	118
JWS	36,000	6,545,000	2	118
RCDS	35,552	4,856,122	4	136
DAMEN	35,185	7,150,864	1	136
FFO	22,400	3,335,000	3	118
OLP	21,400	3,510,000	3	118
CSC	17,600	3,147,000	1	118
AMRDO	13,800	1,206,000	5	118
WMBL	13,800	6,105,000	3	118
Mojaz	13,400	2,415,000	2	118
SDF	11,500	1,041,000	4	118
POMFB	8,500	2,795,000	4	118
OPD	7,500	918,000	2	118
AGAHE	7,300	797,000	2	118
NRDP	6,184	1,521,972	3	136
GBTI	6,100	669,000	3	136
WASIL	4,300	1,135,000	2	118
Micro Options	4,000	768,000	5	118
VDO	3,900	489,000	3	136
SVDP	3,900	811,000	13	136
SRDO	3,500	766,000	4	118
OSDI	2,000	923,000	3	118
APMBL	1,800	1,401,000	3	118
BEDF	1,400	209,000	3	136
KCDO	800	94,000	1	136

Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Kenya Limited Geomaps Center, 1st Floor, Matumbato Road, Upper HillP.O. Box 19497Nairobi

Data approved: 2013-05-31

Data version: 2

Age of data: 145 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 354,023,376
Portfolio (USD)	USD 4,275,644.64
Active Clients with Loans	8,350
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking	x
Self help group
Other

Description

Given to large groups between 15 and 40 members. Customers must have been in business for at least 12 months. No lease agreements or other documents are required. The group and the loan officer assess the capacity of the loan.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training	x
Other	Fire/Burglary Insurance
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	Must have run a business for at least 12 months
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 10,000
Maximum loan size	500,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	30%
KES 50,000-150,000	40%
KES 150,000-250,000	20%
KES 250,000-350,000	5%
KES 350,000-450,000	5%
Greater than KES 450,000	5%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	36.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	15%
Between 10 and 12 months	50%
Between 13 and 18 months	15%
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	DK

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
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%
Reason(s) why interest rate varies	Branch, Time as Client
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	Loan Application Fee	Chattels Fee
% of loan amount - min	0	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	500	0
Fixed amount - max	0	1,300
Reason for variation	2% with KES 500 minimum	Only on loans over KES 100,000
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.60%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	<12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing.
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
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	1.00%
Maximum interest rate paid	1.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Interest rate revised to 20% as of 17-June-2013.

Full Pricing Data

Msingi Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 10,000	KES 20,000	KES 47,000	KES 100,000	KES 300,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-05-30	2013-05-30	2013-05-29	2013-05-02	2013-05-08
Loan Term (Months)	5.8 months	6.0 months	12.0 months	12.0 months	18.0 months
Grace Period (Months)	0.2 months	0.2 months	0.7 months	0.5 months	0.7 months
Total Cost of Credit	KES 1,714.79	KES 3,013.97	KES 12,168.66	KES 25,539.73	KES 113,006.52
True Price by Comp
Interest price component	39.3%	39.3%	38.5%	38.7%	38.4%
Fee Component	20.5%	9.8%	4.0%	4.1%	3.4%
Insurance Component	6.9%	6.4%	2.6%	3.3%	1.8%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	68.3%	42.2%	27.5%	25.9%	20.6%
Full APR (int fee ins tax dep)	135.0%	97.7%	72.6%	72.0%	64.2%
Transparency Index	16	23	30	31	34

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

Msingi Loan Price Graphs

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Custom

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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

Product

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

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

Additional Comments

Full Pricing Data

Msingi Loan samples

Msingi Loan Price Graphs

Total Borrowers of Samples

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