Please note that the information you are viewing is 81 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Data approved: 2013-06-25
Data version: 2
Age of data: 81 months

Product

Asset Financing Loan Product 1 of 11 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 17,475,333.38
Portfolio (USD)USD 211,054.75
Active Clients with Loans504
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targets existing clients who require business or household assets.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 20,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than KES 50,000100%
KES 50,000-150,0000
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 average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months60%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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 deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid0.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Asset Financing Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 20,000KES 30,000KES 50,000KES 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-262013-07-032013-06-252013-07-25
Loan Term (Months)12.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditKES 4,600KES 3,900KES 11,500KES 11,500
True Price by Comp       
Interest price component35.6%34.7%35.6%35.6%
Fee Component2.0%3.8%2.0%2.0%
Insurance Component4.1%7.5%4.1%4.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component42.1%32.0%28.6%28.6%
Full APR (int fee ins tax dep)83.8%78.0%70.3%70.3%
Transparency Index24262828
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Asset Financing Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,000297
Ahantaman RB23,8009,896,000479
APED13,7001,876,000279
ASA Initiative4,400577,000479
ASA-Ghana71,60018,385,000279
ASPI80088,000679
Atwima Kwanwoma3,8001,788,000279
Baobab5,100967,000279
BestFUND13,0004,172,000379
Bonzali Rural10,4001,691,000497
CashPhase83135,000279
CASUD1,100524,000179
CEDEF50054,000479
CFF10013,000179
CRAN3,6001,019,000279
DQF1,70063,000279
EASL9,20011,409,000679
East Mamprusi12,5002,268,000479
ELDA00079
EMPRETEC Ghana20056,000279
FASL13,50014,047,000879
Grameen Ghana9,500507,000379
ID-Ghana5,600953,000379
Innovative Finance2,700354,000379
Kraban Support7,700781,000597
KRB4,0006,350,000379
Lower Pra RB34,0006,316,000397
Maata-N-Tudu12,000941,000479
Mail Finance300288,000179
Markaz00079
Markaz Al Bishara10017,000179
MicrofinPlus Gh1,100251,000279
Nwabiagya RB4,0002,265,000379
OISL62,00027,232,000979
Pro Credit00079
Rich Step100101,000179
SAT147,60029,359,000479
Sekam Trust600137,000279
Simli Pong8,900463,000397
SS Ghana20035,000179
TCCU10032,000379
The Bridge40032,000397
Union RB3,8002,361,000479
Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to