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Institution

PAWDEP P.O. Box 2472Nairobi
Data approved: 2013-03-07
Data version: 2
Age of data: 133 months
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Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra
Data approved: 2013-03-26
Data version: 2
Age of data: 132 months

Product

Haraka Loan Product 4 of 7 « Prev | Next »

Product

Individual Loan Product 3 of 8 « Prev | Next »

Product Summary

Number borrowers10,558
Loan Amount (range)KES 500 - 100,000
Loan Term (range)1
Other Services (text summary)Group Mtgs, Business Training
Annual Interest & Method60.0% annual, Flat
Fees10.00 upfront
InsuranceNone
TaxNone
Comp Dep30.0% upfront 200.00 ongoing
Range of pricing 
Interest Price Component17.8% - 59.4%
Fee Component0.1% - 2.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)83.0% - 84.9%
Transparency Index (min/max)17 - 72
Transparency Index (average)71

Product Summary

236
GHS 100 - 3,000
3 - 12
Credit Educ, Tech Asst Visits, Business Training, Health Education
48.00% annual, Flat
4.00% upfront
None
None
20.00% upfront
 
77.3% - 114.4%
11.4% - 48.3%
0
0
174.6% - 205.5%
23 - 35
25

Product Details

Key Statistics
Outstanding portfolio (KES)KES 53,960,125
Portfolio (USD)USD 651,692.33
Active Clients with Loans10,558
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The Haraka loan product is only available to clients in a solidarity group.It is repayable in one month
Loan Purpose
Any purposex
Income generation
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 institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 5,400
Portfolio (USD)USD 2,741.12
Active Clients with Loans236
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for individual clients. Usually the loan amount is higher than what is possible through a group loan.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
OtherHealth Education
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherMust provide a guarantor
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Volta Region

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 500
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00090%
KES 50,000-150,00010%
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 term1.0 month
Longest loan term1.0 month
Approx average1.0 month
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00060%
GHS 1,000-5,00040%
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 term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months60%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 monthsx
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
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 - max0
OR, Fixed amount - min10
Fixed amount - max10
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
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

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProessing Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
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

Haraka Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 20,000KES 40,000KES 92,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-112013-04-112013-04-102013-04-04
Loan Term (Months)1.0 month1.0 month1.0 month1.0 month
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 510KES 1,010KES 2,010KES 4,610
True Price by Comp       
Interest price component57.5%59.4%59.4%59.4%
Fee Component1.2%0.6%0.3%0.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component24.3%24.9%24.8%24.7%
Full APR (int fee ins tax dep)83.0%84.9%84.5%84.2%
Transparency Index72717171
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Individual Loan samples
Sample 2Sample 3Sample 4
Loan AmountGHS 800GHS 1,400GHS 2,500
Loan Cycle (1, 2, 3, etc)22Not Known
Disbursement Date2013-01-122013-01-122013-04-17
Loan Term (Months)2.6 months3.5 months1.6 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 128GHS 280GHS 350.20
True Price by Comp     
Interest price component92.1%92.7%111.5%
Fee Component33.7%26.2%48.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component57.8%55.7%45.7%
Full APR (int fee ins tax dep)183.6%174.6%205.5%
Transparency Index262723
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Haraka Loan Price Graphs


Individual Loan 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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