| Outstanding portfolio (INR) | INR 295,080 |
| Portfolio (USD) | USD 5,567.55 |
| Active Clients with Loans | 35 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Can ONLY be used for working capital |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | Agricutual needs and working capital |
| Other (2) |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 12,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 7,000 | INR 7,000 | INR 10,000 | INR 12,000 | |||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 4 | 5 | |||
| Disbursement Date | 2010-03-06 | 2010-03-06 | 2010-03-06 | 2010-04-20 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (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 | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 27.8% | 27.8% | 27.6% | 27.9% | |||
| Insurance Component | 1.4% | 1.4% | 1.4% | 1.4% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 29.2% | 29.2% | 29.0% | 29.3% | |||
| MFIN MFI Earning (Annualised) | 27.8% | 27.8% | 27.6% | 27.9% | |||
| MFIN Cost to Borrower (Annualised) | 29.2% | 29.2% | 29.0% | 29.3% | |||
| Transparency Index | 62 | 62 | 62 | 61 | |||
| MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | http://www.juhudikilimo.com/ |
| Year established | 2009 |
| Head of Institution | Nat Robinson |
| Regions active | Central, Eastern, Nyanza, Rift Valley, Western |
| # Branches | 8 |
| Total Portfolio (nat'l) | KES 367,334,756 |
| Total Portfolio (USD) | USD 4,436,410.10 |
| Active clients with loans | 10,494 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMFI, SPTF |
| Funders | Acumen Fund, Grameen Foundation, Kiva, Soros Economic Development Fund |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Finance Loan | KES 10,000 - 500,000 | 6 - 24 | 40% - 60% | 0% - 20% | Business, Agriculture | Women, Men, Must be a farmer | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa | |||||||
| Asset Financing Dairy Cow Loan | KES 30,000 - 500,000 | 12 - 24 | 40% - 60% | 0% - 20% | Business, Agriculture, Improve the structure used to house dairy cows | Women, Men, Have home or land, Must be a farmer | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Finance Loan | 32.0% annual, Decl Bal | 2 Fees | 2 Ins | None | 15.0% upfront | 32.3% - 44% | 47.6% - 64.7% | 62 | ||||||||
| Asset Financing Dairy Cow Loan | 32.0% annual, Decl Bal | 2 Fees | 2 Ins | None | 15.0% upfront | 33% - 39.6% | 52.4% - 67.8% | 54 |
| 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 |
|---|---|---|---|---|---|---|---|
