2. Meanwood
Please note that the information you are viewing is 168 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MKL
Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 168 months

Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100
Data approved: 2015-03-27
Data version: 1
Age of data: 122 months

Product

Personal Loans Product 3 of 5 « Prev | Next »

Product

Nawiri ( Group business Loan) Product 1 of 6 « Prev | Next »

Product Summary

Number borrowers550
Loan Amount (range)ZMK 500,000 - 20,000,000
Loan Term (range)1 - 3
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method120.0%-144.0% annual, Flat
Fees60,000.00-100,000.00 upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component217.9% - 229.5% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)252.0% - 265.7%
Transparency Index (min/max)41 - 102
Transparency Index (average)46

Product Summary

14,176
KES 5,000 - 140,000
3 - 12
Credit Educ, Group Mtgs, Business Training, Other Training
20.0% annual, Flat
3.00% upfront
None
None
20.0% upfront
 
34.7% - 93.6%
0 - 12.6%
0
0
60.4% - 74.3%
27 - 96
30

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 1,800,000,000
Portfolio (USD)USD 347,826.09
Active Clients with Loans550
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
These are consumer loans targeted to clients in formal employment.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 341,540,495
Portfolio (USD)USD 4,124,885.21
Active Clients with Loans14,176
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Business loan that is the flagship product for group clients
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 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 product5
Regions ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term3.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size140,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
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 term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
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 interest10.00%
Highest quoted nominal interest12.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min60,000
Fixed amount - max100,000
Reason for variationN/A
Appears on Repayment Sched?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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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 interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionupfront fee
% 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

Full Pricing Data

Personal Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountZMK 2,000,000ZMK 2,800,000ZMK 3,000,000ZMK 5,000,000ZMK 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-132011-06-282011-04-212011-06-212011-06-24
Loan Term (Months)6.0 months3.0 months3.0 months3.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component229.5%219.6%217.9%218.5%223.9%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component36.3%35.1%34.2%34.8%35.3%
Full APR (int fee ins tax dep)265.7%254.7%252.0%253.4%259.2%
Transparency Index4547484746
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Nawiri ( Group business Loan) samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
KES 70,000 Real 2015-03-09 11.1 months N/A KES 15,023 63.8% 35.7% 6.6% 0.0% 0.0% 21.5% 31 PDF PDF
KES 70,000 Generated 2015-03-01 11.5 months N/A KES 15,551.51 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 20,000 Real 2015-03-26 5.7 months N/A KES 2,631 67.4% 34.9% 11.2% 0.0% 0.0% 21.3% 30 PDF PDF
KES 20,000 Generated 2015-03-01 5.5 months N/A KES 2,444.78 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 15,000 Generated 2015-03-01 5.5 months N/A KES 1,833.58 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 25,000 Generated 2015-03-01 5.5 months N/A KES 3,055.97 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 45,000 Generated 2015-03-01 11.5 months N/A KES 9,997.40 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 90,000 Generated 2015-03-01 12.0 months N/A KES 20,736 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 135,000 Generated 2015-03-01 12.0 months N/A KES 31,104 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 150,000 Generated 2015-03-01 11.5 months N/A KES 33,324.66 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
Personal Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyLoan PurposeMeanwoodInstitutionZM-011-V01-P03ProductZMCountry2011YearRange Number1Institution Data Version01,000,0002,000,0003,000,0004,000,0005,000,000Loan Size (all)0%100%200%Full APR (int fee ins tax dep)> 100506Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Nawiri ( Group business Loan) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.OtherInstitution TypeBusinessLoan PurposeMKLInstitutionKE-027-V01-P01ProductKECountry2015YearRange Number1Institution Data Version050,000100,000150,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 7,9005,9003,9001,900200Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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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