Please note that the information you are viewing is 84 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kenya Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi
Data approved: 2013-05-29
Data version: 2
Age of data: 84 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addresshttp://www.eclof-kenya.org/
Year established1994
Head of InstitutionMary Munyiri
Regions activeCentral, Eastern, Nairobi, Nyanza, Rift Valley, Western
# Branches16

Total Portfolio (nat'l)KES 470,400,975
Total Portfolio (USD)USD 5,681,171.20
Active clients with loans19,987
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsECLOF International, AMFI
FundersECLOF International, Water.org, Church of Sweden

Loan Products » Summary

508 Borrowers
USD 111,767.38 Portfolio
Active Product
1,537 Borrowers
USD 328,271.94 Portfolio
Active Product
17,182 Borrowers
USD 4,794,419.57 Portfolio
Active Product
82 Borrowers
USD 13,964.15 Portfolio
Active Product
292 Borrowers
USD 78,317.39 Portfolio
Active Product
629 Borrowers
USD 36,442.09 Portfolio
Active Product
206 Borrowers
USD 63,307.34 Portfolio
Active Product
83 Borrowers
USD 29,045.35 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Elimu Bora Loan KES 5,000 - 200,000 3 - 12 40% - 60% 0% - 20% Education Women, Men, Have business Credit Educ, Credit Ins
Jinue Loan KES 5,000 - 30,000 6 - 18 40% - 60% 0% - 20% Business, Consumer Women, Men, Have business Credit Educ, Credit Ins
Jiwezeshe Loan KES 5,000 - 300,000 6 - 36 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins
Tatua Shida Loan KES 5,000 - 50,000 3 - 6 40% - 60% 0% - 20% Any Purpose Women, Men, Have business Credit Educ, Credit Ins
Ukulima Loan KES 5,000 - 200,000 6 - 12 40% - 60% 20% - 40% Agriculture Women, Men, Have business Credit Educ, Credit Ins
Afya Loan KES 8,666 - 21,420 3 - 12 40% - 60% 20% - 40% Other Women, Men, Have business Credit Educ, Credit Ins
Maji Safi Loan KES 5,000 - 100,000 9 - 24 40% - 60% 20% - 40% Other Women, Men, Have business Credit Educ, Credit Ins
Boma Safi Loan KES 5,000 - 200,000 6 - 24 40% - 60% 20% - 40% Other Women, Men, Have business Credit Educ, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Elimu Bora Loan 18.0% annual, Flat 1 Fee 1 Ins None N/A 33.1% - 36.1% 36.9% - 40.2% 47
Jinue Loan 22.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 200.00 ongoing 42.8% - 45.3% 108% - 170.1% 16
Jiwezeshe Loan 18.0%-20.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 200.00 ongoing 33.6% - 41.6% 61.6% - 91.2% 23
Tatua Shida Loan 22.0% annual, Flat 1 Fee 1 Ins None N/A 45.4% 53% 42
Ukulima Loan 20.0% annual, Flat 1 Fee 1 Ins None N/A 39.5% - 42% 43.6% - 49.6% 44
Afya Loan 19.0% annual, Flat 1 Fee 1 Ins None N/A 34% - 37.8% 37.7% - 42% 46
Maji Safi Loan 20.0% annual, Flat 1 Fee 1 Ins None N/A 39.5% - 42% 43.6% - 49.6% 44
Boma Safi Loan 20.0% annual, Flat 1 Fee 1 Ins None N/A 36.8% - 42% 39.1% - 49.6% 45
Institution Price Graph
Please note that the information you are viewing is 82 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Community Aid for Sustainable Development Head OfficeTamale, NorthernP.O. Box 2550
Data approved: 2013-03-14
Data version: 2
Age of data: 82 months

Product

Business Loan Product 1 of 1 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,033,300
Portfolio (USD)USD 540,995
Active Clients with Loans1,101
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Designed for groups of women between 25-30 members. Loans used for business purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
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 institution1
# Regions for this product1
Regions ActiveNorthern Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period0.2 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

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 800GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-052013-01-102013-02-072012-12-27
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 30GHS 80GHS 150GHS 300
True Price by Comp       
Interest price component59.4%59.4%59.4%59.4%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.7%12.7%12.7%12.7%
Full APR (int fee ins tax dep)72.1%72.1%72.1%72.1%
Transparency Index42424242
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan Price Graphs


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