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Institution
Data approved: 2010-09-13
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (KES) | KES 152,430,135 |
Portfolio (USD) | USD 1,840,943.66 |
Active Clients with Loans | 1,046 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
This loan is given to the clients graduating from the solidarity group loans (Nuru) with loans demands over and above Kshs 200,000.00.\r
Loan Purpose
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Eligible for scholarships to ISIU through Goldman Sachs 10,000 Women programme |
Other (2) | Benefits from educational tours and fairs to display their products |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Can be either to new or graduating clients |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | KES |
Minimum loan size | KES 100,000 |
Maximum loan size | 500,000 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 20.0 months |
Approx average | 13.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Application & Insurance Fees |
% of loan amount - min | 8.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 30.00% - N/A |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 200 - N/A |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
This loan is self-guaranteed. One must provide collateral for the loan.
Full Pricing Data
Endeleza Loan samples
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