Please note that the information you are viewing is 126 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Micro Kenya P.o.Box 52926 00200Nairobi, Kenya200
Data approved: 2010-06-23
Data version: 1
Age of data: -   months 

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2000
Head of InstitutionTimothy Carson
Regions active0
# Branches4

Total Portfolio (nat'l)KES 118,000,000
Total Portfolio (USD)USD 1,425,120.77
Active clients with loans3,025
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

560 Borrowers
USD 543,478.26 Portfolio
Active Product
3,200 Borrowers
USD 434,782.61 Portfolio
Active Product
100 Borrowers
USD 12,077.29 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara KES 100,000 - 500,000 3 - 12 20% - 40% 40% - 60% Business, Housing, Other, aimed at business expansions Women, Men, Have business, Have home or land, Must confirm having an on going business Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
Group KES 3,000 - 100,000 3 - 12 60% - 80% 20% - 40% Any Purpose Women, Men, Have business, Must be known by the other members Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Maji Nyumbani KES 5,500 - 80,000 1 - 12 60% - 80% 0% - 20% Housing, Consumer, This loan is for the purchase of water tanks, the tanks can be for any use privately or business Women, Men Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 36.0% annual, Decl Bal 1 Fee 1 Ins None N/A 0% 0% N/A
Group 18.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 0% 0% N/A
Maji Nyumbani 19.9% annual, Flat 1 Fee 0 Ins None N/A 0% 0% N/A
Institution Price Graph
Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 159 months

Product

Credifacil Product 3 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)0
Portfolio (USD)
Active Clients with Loans15,313
Approximate % Female Clients0
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito de libre inversión sin codeudor y con montos hasta cincuenta (65) S.M.M.L.V ($33.475.000), de acuerdo al tipo de actividad económica que desarrolle la persona y su capacidad de pago.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 267,800
Maximum loan size34,814,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest14.40%
Highest quoted nominal interest15.00%
Reason(s) why interest rate variesN/A
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFondo de Desarrollo Institucional. (% sobre monto total del prestamo)
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Credifacil samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,408,313COP 6,582,954COP 29,890,458
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-01-262011-01-252011-01-06
Loan Term (Months)18.0 months24.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component19.6%18.9%14.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component1.3%0.3%0.0%
Full APR (int fee ins tax dep)20.9%19.2%14.1%
Transparency Index6975100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credifacil Price Graphs


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Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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