2. Opportunity Kenya
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Confiar
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

Opportunity Kenya Limited Geomaps Center, 1st Floor, Matumbato Road, Upper HillP.O. Box 19497Nairobi
Data approved: 2013-05-31
Data version: 2
Age of data: 134 months
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Institution

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

Product

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Product

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Product Summary

Number borrowers219
Loan Amount (range)KES 50,000 - 500,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Annual Interest & Method22.0% annual, Flat
Fees1,000.00-0.00 upfront 1,300.00 upfront
Insurance1.60%-3.00% upfront
TaxNone
Comp Dep25.0% upfront 200.00 ongoing
Range of pricing 
Interest Price Component29.8% - 41.0%
Fee Component2.6% - 20.5%
Insurance Component1.8% - 6.9%
Tax Component Range0
Full APR (int fee ins tax dep)67.5% - 112.5%
Transparency Index (min/max)16 - 36
Transparency Index (average)27

Product Summary

15,313
COP 267,800 - 34,814,000
6 - 60
14.4%-15.0% annual, Decl Bal
2.00% upfront
None
None
N/A
 
N/A
14.1% - 19.6% (Int+Fee)
0 - 0.6%
0
14.1% - 20.9%
45 - 102
82

Product Details

Key Statistics
Outstanding portfolio (KES)KES 15,968,913.11
Portfolio (USD)USD 192,861.27
Active Clients with Loans219
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Given to groups between 5 to 10 members. Customers are required to have a lease agreement, bank account statement and utility bills. Customers must have been in business for longer than 12 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherFire/Burglary Insurance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have run a business for at least 24 months
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveNairobi, Nyanza, Rift Valley, Western

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
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00015%
KES 50,000-150,00050%
KES 150,000-250,00020%
KES 250,000-350,00010%
KES 350,000-450,0005%
Greater than KES 450,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months5%
Between 10 and 12 months70%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

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 interest22.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesBranch, Time as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeChattels Fee
% of loan amount - min00
% of loan amount - max2.00%0
OR, Fixed amount - min1,0001,300
Fixed amount - max01,300
Reason for variation2% with KES 1000 minimumCharged on all loans
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.60%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation<12 month =1.6%, 13-24 months=1.75%, 25+ months=3%. Either upfront or continuing.
Appears on Repayment Sched?Yes
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 deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Interest rate revised to 20% flat as of 17-June-2013.

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

Nguzo Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 50,000KES 100,000KES 185,000KES 295,000KES 400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-272013-05-152013-05-292013-05-032013-04-30
Loan Term (Months)12.0 months12.0 months18.0 months24.0 months24.0 months
Grace Period (Months)0.2 months0.7 months0.7 months0.5 months0.5 months
Total Cost of CreditKES 14,069.86KES 28,759.73KES 70,198KES 141,364.38KES 191,217.81
True Price by Comp         
Interest price component39.5%41.0%38.4%37.3%37.3%
Fee Component9.8%6.7%3.8%2.7%2.6%
Insurance Component3.5%3.3%1.8%1.8%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component59.7%41.6%32.0%26.4%25.8%
Full APR (int fee ins tax dep)112.5%92.6%76.0%68.2%67.5%
Transparency Index2024293233
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

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
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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