| Number borrowers | 133,755 |
| Loan Amount (range) | INR 5,000 - 50,000 |
| Loan Term (range) | 3 - 11 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 21.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 22.8% - 22.9% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 22.8% - 22.9% |
| Transparency Index (min/max) | 44 - 92 |
| Transparency Index (average) | 92 |
| 177 |
| KES 10,000 - 80,000 |
| 3 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| 22.0% annual, Flat |
| 2.00% upfront |
| 2.50% upfront |
| None |
| 25.0% upfront 100.00 ongoing |
| 13.7% - 40.7% |
| 0 - 10.7% |
| 0 - 9.3% |
| 0 |
| 81.1% - 122.3% |
| 14 - 61 |
| 23 |
| Outstanding portfolio (INR) | INR 2,397,498,807 |
| Portfolio (USD) | USD 53,277,751.27 |
| Active Clients with Loans | 133,755 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | only for working capital |
| Other (2) | exclusively for agri and allied purposes |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Group solidarity training |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Must have agriculture ativity and secondary source of income |
| Other (2) |
| Outstanding portfolio (KES) | KES 3,016,153 |
| Portfolio (USD) | USD 36,426.97 |
| Active Clients with Loans | 177 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 11.0 months |
| Approx average | 11.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | KES |
| Minimum loan size | KES 10,000 |
| Maximum loan size | 80,000 |
| Loans less than KES 50,000 | 60% |
| KES 50,000-150,000 | 40% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 30% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 21.00% |
| Highest quoted nominal interest | 21.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Upfront Interest |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.33% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 12,000 | INR 16,000 | INR 17,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-09-25 | 2010-09-25 | 2010-09-25 | ||
| Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 22.9% | 22.9% | 22.8% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 22.9% | 22.9% | 22.8% | ||
| MFIN MFI Earning (Annualised) | 22.9% | 22.9% | 22.8% | ||
| MFIN Cost to Borrower (Annualised) | 22.9% | 22.9% | 22.8% | ||
| Transparency Index | 92 | 92 | 92 | ||
| MFIN Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-13 | 2013-06-24 | 2013-06-15 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | ||
| Grace Period (Months) | 0.5 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,550 | KES 3,100 | KES 13,250 | ||
| True Price by Comp | |||||
| Interest price component | 36.7% | 36.6% | 38.3% | ||
| Fee Component | 7.2% | 7.2% | 4.1% | ||
| Insurance Component | 9.3% | 9.2% | 5.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 69.1% | 38.6% | 33.5% | ||
| Full APR (int fee ins tax dep) | 122.3% | 91.6% | 81.1% | ||
| Transparency Index | 18 | 24 | 27 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
