K-Finance Ltd - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

K-Finance Ltd Head OfficeDar-es-SalaamP.O Box 19111 DSM

Data approved: 2013-03-19

Data version: 2

Age of data: 135 months

Download Data

Analyze Data

Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	No
Website address	http://www.kfinance.co.tz/
Year established	2008
Head of Institution	Devotha Ntuke Minzi
Regions active	Dar es Salaam
# Branches	0

Total Portfolio (nat'l)	TZS 420,040,548
Total Portfolio (USD)	USD 264,176.45
Active clients with loans	1,081
Approximate % female clients	80% - 100%
Approximate % urban clients	80% - 100%
Network affiliations	TAMFI, Business Network International
Funders

Loan Products » Summary

Business

71 Borrowers

USD 143,100.96 Portfolio

Active Product

Group

1,010 Borrowers

USD 121,075.49 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Business Loan		TZS 1,000,000 - 30,000,000		1 - 12		60% - 80%		80% - 100%		Business, Consumer, Education, Other		Women, Men, Have business, Age limit between 18 to 60		Credit Educ, Group Mtgs, Credit Ins
Group Loan (Jikw Amue)		TZS 100,000 - 1,100,000		6		80% - 100%		20% - 40%		Business		Women, Men, Have business		Credit Educ, Group Mtgs, Credit Ins, Other Training

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Business Loan		60.00% annual, Flat		1 Fee		1 Ins		None		N/A		97.3% - 102.6%		99.5% - 106.5%		58
Group Loan (Jikw Amue)		48.00% annual, Flat		2 Fees		1 Ins		None		20.00% upfront		93.6% - 116.5%		147% - 233.9%		26

Institution Price Graph

Click to view Price Analysis Tool

Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Alalay sa Kaunlaran, Inc. 105 Maharlika HighwayCabanatuan, Nueva Ecija3100

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

Download Data

Analyze Data

Product

Alalay sa Pabahay Program (APP) Product 3 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 104,774,813
Portfolio (USD)	USD 2,506,574.47
Active Clients with Loans	5,103
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Generally aims to improve the quality of life of ASKI clients and staff by providing financial assistance for the construction of new houses or acquisition of lot or house and lot purchase as well as repairs and improvements.

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other	Existing ASKI client or staff
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	PHP
Minimum loan size	PHP 10,000
Maximum loan size	300,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
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	1.75%
Highest quoted nominal interest	1.75%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Service Fee	Business Development Service Support
% of loan amount - min	3.00%	0
% of loan amount - max	3.00%	0
OR, Fixed amount - min	0	100
Fixed amount - max	0	100
Reason for variation		N/A
Appears on Repayment Sched?	No	No

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	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	1.75%
Maximum interest rate paid	1.75%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Interest on CBU is based on average daily balance and is credited directly to client. Outreach based on April 211 data

Full Pricing Data

Alalay sa Pabahay Program (APP) samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	PHP 15,000	PHP 30,000	PHP 50,000	PHP 80,000	PHP 100,000
Loan Cycle (1, 2, 3, etc)	1	2	2	2	2
Disbursement Date	2011-04-15	2011-04-19	2011-05-31	2011-05-13	2011-04-15
Loan Term (Months)	24.0 months	12.0 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	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	24.3%	27.7%	34.3%	24.4%	24.5%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	29.7%	11.1%	9.5%	2.9%	2.3%
Full APR (int fee ins tax dep)	53.9%	38.8%	43.9%	27.4%	26.8%
Transparency Index	39	54	48	77	78

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

Alalay sa Pabahay Program (APP) 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 ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

Loan Term and Grace Period

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

Alalay sa Pabahay Program (APP) samples

Alalay sa Pabahay Program (APP) Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources