2. Opportunity Kenya
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. CIDRE
Please note that the information you are viewing is 123 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: 135 months
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Institution

CIDRE Calle Juan de la Cruz Torrez N° 1674, CercadoCochabamba, Bolivia28034
Data approved: 2013-08-02
Data version: 2
Age of data: 123 months
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Product

Somesha (Education) Loan Product 3 of 5 « Prev | Next »

Product

Credito Hipotecaria (BOB) Product 3 of 8 « Prev | Next »

Product Summary

Number borrowers368
Loan Amount (range)KES 5,000 - 100,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Annual Interest & Method16.0% annual, Flat
Fees500.00-0.00 upfront
Insurance1.60%-3.00% upfront
TaxNone
Comp Dep10.0% upfront
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)45.6% - 59.7%
Transparency Index (min/max)16 - 36
Transparency Index (average)33

Product Summary

987
BOB 3,500 - 843,200
12 - 96
Credit Ins
17.0%-25.0% annual, Decl Bal
None
0.60%-4.80% ongoing
None
N/A
 
16.1% - 26.7%
0 - 1.0%
0 - 1.1%
0 - 0.2%
18.8% - 23.0%
59 - 97
81

Product Details

Key Statistics
Outstanding portfolio (KES)KES 8,940,021.52
Portfolio (USD)USD 107,971.27
Active Clients with Loans368
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Given to clients who are attending an educational institution, or have dependants attending. The school admission letter and fees structure must be provided as proof.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
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 business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be attending an educational institution or have a dependent attending
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 (BOB)BOB 28,991,985
Portfolio (USD)USD 4,295,108.89
Active Clients with Loans987
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
El financiamiento para este tipo de crédito es destinado a la compra, construcción, refacción o ampliación de vivienda, que se constituye en garantía; desde US$ 1.000 y hasta el 1% del patrimonio neto del CIDRE.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
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 institution7
# Regions for this product7
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months80%
Between 13 and 18 months0
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
CurrencyBOB
Minimum loan sizeBOB 3,500
Maximum loan size843,200
Distribution at Disbursement (Est.)
Loans less than BOB 10,00015%
BOB 10,000-40,00020%
BOB 40,000-70,00020%
BOB 70,000-100,00015%
BOB 100,000-125,00015%
Greater than BOB 125,00015%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term96.0 months
Approx average48.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months30%
Longer than 18 months60%
Grace Period
Grace period usage10%
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 monthsx
Every 12 monthsx
Single end paymentx
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest16.00%
Reason(s) why interest rate variesBranch
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Application Fee
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min500
Fixed amount - max0
Reason for variation2% with KES 500 minimum
Appears on Repayment Sched?Yes
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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
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
The loan is paid directly to the school.

Pricing Information

Interest
Lowest quoted nominal interest17.00%
Highest quoted nominal interest25.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
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
Ins 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.60%
% of loan amount - max4.80%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationEl costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo.
Appears on Repayment Sched?Yes
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

Somesha (Education) Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-152013-05-142013-05-142013-05-30
Loan Term (Months)9.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 1,856.71KES 4,889.04KES 9,778.08KES 19,556.16
True Price by Comp       
Interest price component30.0%29.8%29.9%29.9%
Fee Component14.0%4.2%4.2%4.2%
Insurance Component4.7%3.5%3.4%3.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component11.0%8.1%8.2%8.2%
Full APR (int fee ins tax dep)59.7%45.6%45.7%45.7%
Transparency Index27353535
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Credito Hipotecaria (BOB) samples
Sample 1Sample 2Sample 3
Loan AmountBOB 28,000BOB 42,000BOB 83,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-292013-05-042013-06-15
Loan Term (Months)24.0 months37.0 months61.0 months
Grace Period (Months)-0.3 months0.0 months0.0 months
Total Cost of CreditBOB 6,531.44BOB 12,237.34BOB 44,985.57
True Price by Comp     
Interest price component22.4%18.2%20.7%
Fee Component0.0%0.0%0.0%
Insurance Component0.6%0.6%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)23.0%18.8%21.3%
Transparency Index749180
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Somesha (Education) Loan Price Graphs


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Credito Hipotecaria (BOB) Price Graphs


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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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