2. Union RB
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. SISDO
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

Union Rural Bank Limited P.O.Box5Senya- Bereku, Central Region233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution

Smallholder Irrigation Schemes Development Organization (SISDO) P.O. Box 76622Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 145 months
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Product

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Product Summary

Number borrowers7,637
Loan Amount (range)GHS 100 - 23,000
Loan Term (range)1 - 36
Other Services (text summary)
Annual Interest & Method32.00%-0.00% annual, Flat
Fees
Insurance
Tax
Comp Dep
Range of pricing 
Interest Price ComponentN/A
Fee Component63.5% - 114.7% (Int+Fee)
Insurance Component0 - 4.7%
Tax Component Range0
Full APR (int fee ins tax dep)78.4% - 143.9%
Transparency Index (min/max)22 - 41
Transparency Index (average)32

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,327,881
Portfolio (USD)USD 2,218,587
Active Clients with Loans7,637
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan includes the salary and asset, business and the mobile banking loans which have been combined to make the personal loan. \r
Loan Purpose
Any purposex
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Othertrading
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Otherindividual assessment
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (KES)KES 214,899.19
Portfolio (USD)USD 2,595.40
Active Clients with Loans5
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Description
Targeted to eligible clients who have fallen sick or have an emergency.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
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 productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size23,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average12.0 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 period1.0 month
Repayment Frequency
Daily
Weeklyx
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 interest32.00%
Highest quoted nominal interest48.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan formCommitment Fee
% of loan amount - min04.00%
% of loan amount - max04.00%
OR, Fixed amount - min50
Fixed amount - max50
Reason for variation
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 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
Additional Comments
the mobile banking loans attract a compulsory deposit of 2% prior to disbursement because of the risk involved. The rest of the personal loans attact just a compulsory deposit of 1% prior\r

Full Pricing Data

Personal Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 300GHS 800GHS 1,000GHS 3,000GHS 5,000GHS 18,700
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)12.0 months5.8 months5.6 months12.0 months12.0 months5.6 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component66.6%114.7%89.7%63.5%68.3%69.6%
Insurance Component2.3%4.7%3.8%2.3%2.3%2.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component13.3%24.4%16.9%12.7%13.4%11.8%
Full APR (int fee ins tax dep)82.2%143.9%110.4%78.4%83.9%84.4%
Transparency Index392229413838
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Personal Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeMultipleLoan PurposeUnion RBInstitutionGH-044-V01-P02ProductGHCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,000Loan Size (all)0%50%100%150%Full APR (int fee ins tax dep)> 1,5001,10070030040Number 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.
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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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