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Institution

Data approved: 2013-06-25
Data version: 2
Age of data: 133 months

Institution

African Gate Financial Support Hse No.118/1 Bekwai Rd,near Old John Sarbah Rd, Market Circle,Takoradi, Western Region233
Data approved: 2011-12-07
Data version: 1
Age of data: 149 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.kadet.co.ke/
Year established2001
Head of InstitutionFidel Okillah
Regions activeCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western
# Branches39

Total Portfolio (nat'l)KES 447,325,485
Total Portfolio (USD)USD 5,402,481.70
Active clients with loans12,923
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.africangatesupport.com/
Year established2008
Head of InstitutionJoris Eduamah
Regions activeWestern Region
# Branches2

Total Portfolio (nat'l)GHS 93,619
Total Portfolio (USD)USD 47,522.34
Active clients with loans225
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliations
FundersNeurotical Ideas Ltd

Loan Products » Summary

702 Borrowers
USD 484,195.76 Portfolio
Active Product
11,801 Borrowers
USD 4,631,490.66 Portfolio
Active Product
165 Borrowers
USD 102,275.14 Portfolio
Active Product
255 Borrowers
USD 184,520.13 Portfolio
Active Product

Loan Products » Summary

181 Borrowers
USD 17,766.50 Portfolio
Active Product
44 Borrowers
USD 29,441.62 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan KES 5,000 - 1,000,000 3 - 24 40% - 60% 60% - 80% Agriculture Women, Men Credit Ins, Tech Asst Visits
Business Loan KES 3,000 - 3,000,000 3 - 24 40% - 60% 40% - 60% Any Purpose Women, Men, Have business Credit Ins
School Fees Loan KES 5,000 - 150,000 3 - 12 60% - 80% 40% - 60% Education Women, Men Credit Ins
Asset Loan KES 5,000 - 1,600,000 3 - 12 20% - 40% 60% - 80% Business, Consumer, Other Women, Men Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan GHS 100 - 5,000 1 - 6 80% - 100% 40% - 60% Business, Housing, Consumer, Education Women, Men Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins None 20.0%-30.0% upfront 400.00 ongoing 25% - 26.1% 35.3% - 40.9% 47
Business Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins None 20.0%-30.0% upfront 400.00 ongoing 35.7% - 47.6% 60.8% - 91.1% 25
School Fees Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins None N/A 43.3% - 46.7% 45.8% - 51.1% 37
Asset Loan 18.0%-19.5% annual, Flat 1 Fee 1 Ins None 20.0%-30.0% upfront 400.00 ongoing 43.4% - 50.1% 70.6% - 104.4% 21

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 72.00%-88.20% annual, Flat 1 Fee 0 None 20.00%- upfront 168.1% - 207.8% 242.2% - 311.7% 25

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins Ins None 20.0%-30.0% upfront 400.00 ongoing 25% - 26.1% 35.3% - 40.9% 47
Business Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins Ins None 20.0%-30.0% upfront 400.00 ongoing 35.7% - 47.6% 60.8% - 91.1% 25
School Fees Loan 18.0%-22.0% annual, Flat 1 Fee 1 Ins Ins None N/A 43.3% - 46.7% 45.8% - 51.1% 37
Asset Loan 18.0%-19.5% annual, Flat 1 Fee 1 Ins Ins None 20.0%-30.0% upfront 400.00 ongoing 43.4% - 50.1% 70.6% - 104.4% 21

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 72.00%-88.20% annual, Flat 1 Fee 0 None 20.00%- upfront 168.1% - 207.8% 242.2% - 311.7% 25
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Key Statistics
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