Yehu Microfinance Trust - Maji ni Uhai Loan - MFTransparency.org Truth In Lending Tables

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Institution

Yehu Microfinance Trust PO Box 82120Mombasa

Data approved: 2013-09-13

Data version: 2

Age of data: 135 months

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Product

Maji ni Uhai Loan Product 9 of 12 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 8,150,994.28
Portfolio (USD)	USD 98,441.96
Active Clients with Loans	313
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for the purchase of above or underground static water storage tanks from 1,000 liters, water harvesting pans, piping and accessories, plumbing works, septic tanks, and concrete water storage.

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training	x
Other	Leadership Training
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Coast

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 10,000
Maximum loan size	150,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	70%
KES 50,000-150,000	30%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	18.0 months
Approx average	dk

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	20%
Between 10 and 12 months	30%
Between 13 and 18 months	40%
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	20.50%
Highest quoted nominal interest	20.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Application Fee
% of loan amount - min	0
% of loan amount - max	1.00%
OR, Fixed amount - min	400
Fixed amount - max	0
Reason for variation	KES 400 Minimum
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Emergency Fund
% of loan amount - min	1.50%
% of loan amount - max	1.50%
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	Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10%
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 100
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	4.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Maji ni Uhai Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 10,000	KES 20,000	KES 50,000	KES 70,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-19	2013-05-09	2013-07-08	2013-05-06
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.5 months	0.5 months	0.5 months	0.5 months
Total Cost of Credit	KES 2,590	KES 4,804	KES 11,750	KES 16,100.08
True Price by Comp
Interest price component	36.8%	37.0%	37.8%	37.0%
Fee Component	8.4%	4.1%	2.1%	2.0%
Insurance Component	3.2%	3.2%	3.1%	3.1%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	31.7%	21.0%	10.4%	9.7%
Full APR (int fee ins tax dep)	80.1%	65.3%	53.4%	51.8%
Transparency Index	26	31	38	40

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Maji ni Uhai Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	108
KF	233,600	41,416,000	4	106
NRSP	399,900	70,157,000	3	108
ASA	230,400	29,637,000	3	108
TMFB	221,200	85,449,000	7	108
FMFB	163,544	38,481,323	9	126
TRDP	100,000	13,817,000	3	108
PRSP	75,656	9,907,176	3	126
BRAC^P	57,300	11,869,000	3	108
SRSO	51,100	7,775,000	3	108
SSF	46,000	4,776,000	3	108
FINCA	82,000	43,559,000	9	108
JWS	36,000	6,545,000	2	108
RCDS	35,552	4,856,122	4	126
DAMEN	35,185	7,150,864	1	126
FFO	22,400	3,335,000	3	108
OLP	21,400	3,510,000	3	108
CSC	17,600	3,147,000	1	108
AMRDO	13,800	1,206,000	5	108
WMBL	13,800	6,105,000	3	108
Mojaz	13,400	2,415,000	2	108
SDF	11,500	1,041,000	4	108
POMFB	8,500	2,795,000	4	108
OPD	7,500	918,000	2	108
AGAHE	7,300	797,000	2	108
NRDP	6,184	1,521,972	3	126
GBTI	6,100	669,000	3	126
WASIL	4,300	1,135,000	2	108
Micro Options	4,000	768,000	5	108
VDO	3,900	489,000	3	126
SVDP	3,900	811,000	13	126
SRDO	3,500	766,000	4	108
OSDI	2,000	923,000	3	108
APMBL	1,800	1,401,000	3	108
BEDF	1,400	209,000	3	126
KCDO	800	94,000	1	126

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

	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

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

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Maji ni Uhai Loan samples

Maji ni Uhai Loan Price Graphs

Total Borrowers of Samples

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