2. ASPI
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. LKL
Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater AccraNB29, Accra
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 138 months
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Product

Compulsory Savings Loan Product 2 of 5 « Prev | Next »

Product

Payroll (MOU) Product 5 of 10 « Prev | Next »

Product Summary

Number borrowers1,900
Loan Amount (range)GHS 300 - 3,000
Loan Term (range)3 - 6
Other Services (text summary)
Annual Interest & Method42.00%-0.00% annual, Flat
Fees
Insurance
Tax
Comp Dep
Range of pricing 
Interest Price ComponentN/A
Fee Component65.1% - 97.2% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)90.8% - 141.1%
Transparency Index (min/max)30 - 71
Transparency Index (average)33

Product Summary

1,392
KES 1 - 300,000
3 - 24
Credit Educ, Credit Ins
22.0% annual, Flat
100.00-1,000.00 upfront 3.00% ongoing
2.00% ongoing
None
N/A
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
43.7% - 49.1%
25 - 163
48

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 160,000
Portfolio (USD)USD 106,667
Active Clients with Loans1,900
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
This loan requires a client to pay a fixed amount of 20% of the principal loan amount as deposit before disbursement.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 75,652,537.91
Portfolio (USD)USD 913,677.99
Active Clients with Loans1,392
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This payroll product targets employees working with both private and public companies. The companies sign a Memorandum of Understanding (MOU) with LKL.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 300
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period0.8 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00020%
KES 50,000-150,00030%
KES 150,000-250,00030%
KES 250,000-350,00020%
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months50%
Between 13 and 18 months15%
Longer than 18 months20%
Grace Period
Grace period usage100%
Average grace period0.7 months
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

Pricing Information

Interest
Lowest quoted nominal interest3.50%
Highest quoted nominal interest3.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
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?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to deposit
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 interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max1,000
Reason for variationVaries based on method of loan disbursement.
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionAdmnistration 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?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Compulsory Savings Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 400GHS 1,000GHS 1,500GHS 2,500
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)3.3 months3.3 months5.6 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component97.2%96.7%86.4%65.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component43.9%43.7%39.9%25.7%
Full APR (int fee ins tax dep)141.1%140.4%126.3%90.8%
Transparency Index30303346
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Payroll (MOU) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,256.83KES 28,034.77KES 49,845.90KES 88,031.25KES 200,501.50KES 301,634.80
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-312013-08-262013-07-162013-06-212013-05-312013-07-31
Loan Term (Months)12.0 months19.0 months13.0 months19.0 months19.0 months19.0 months
Grace Period (Months)0.5 months0.7 months1.1 months0.8 months0.5 months0.6 months
Total Cost of CreditKES 2,664.26KES 11,928.16KES 15,945.37KES 37,892.99KES 83,583.57KES 125,656.21
True Price by Comp           
Interest price component39.1%39.0%38.9%39.0%39.1%39.1%
Fee Component6.9%3.3%4.3%2.9%3.0%2.9%
Insurance Component3.1%1.9%2.6%1.8%1.8%1.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.1%44.2%45.8%43.7%43.9%43.9%
Transparency Index455048505050
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Compulsory Savings Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeASPIInstitutionGH-003-V01-P02ProductGHCountry2011YearRange Number1Institution Data Version05001,0001,5002,0002,500Loan Size (all)0%50%100%150%Full APR (int fee ins tax dep)> 90040050Number 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
Payroll (MOU) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyLoan PurposeLKLInstitutionKE-019-V02-P05ProductKECountry2013YearRange Number2Institution Data Version050,000100,000150,000200,000250,000300,000Loan Size (all)0%20%40%Full APR (int fee ins tax dep)> 100708Number of Borrowers
Click to view Price Analysis Tool
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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