Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100
Data approved: 2015-03-27
Data version: 1
Age of data: 110 months

Institution

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
Data version: 2
Age of data: 132 months

Product

Nawiri ( Group business Loan) Product 1 of 6 « Prev | Next »

Product

Individual Loan Product 5 of 10 « Prev | Next »

Product Summary

Number borrowers14,176
Loan Amount (range)KES 5,000 - 140,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Business Training, Other Training
Annual Interest & Method20.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp Dep20.0% upfront
Range of pricing 
Interest Price Component34.7% - 93.6%
Fee Component0 - 12.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)60.4% - 74.3%
Transparency Index (min/max)27 - 96
Transparency Index (average)30

Product Summary

3,257
GHS 200 - 12,000
2 - 24
Credit Educ, Credit Ins
42.0% annual, Flat
3.50% upfront 3.00 upfront
1.00% ongoing
None
10.0% upfront
 
33.9% - 69.6%
2.9% - 24.0%
0.5% - 4.4%
0
78.4% - 95.7%
31 - 88
47

Product Details

Key Statistics
Outstanding portfolio (KES)KES 341,540,495
Portfolio (USD)USD 4,124,885.21
Active Clients with Loans14,176
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Business loan that is the flagship product for group clients
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
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, Nyanza, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 5,704,136
Portfolio (USD)USD 2,895,500.51
Active Clients with Loans3,257
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual loan is offered to individual clients for working capital and financing business expansion purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
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 institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size140,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
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 average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size12,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00080%
GHS 5,000-7,50010%
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term24.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months20%
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period1.0 month
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

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionupfront fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
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?Yes
Do borrowers control deposit in their group?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest42.00%
Highest quoted nominal interest42.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
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 depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

Full Pricing Data

Nawiri ( Group business Loan) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
KES 70,000 Real 2015-03-09 11.1 months N/A KES 15,023 63.8% 35.7% 6.6% 0.0% 0.0% 21.5% 31 PDF PDF
KES 70,000 Generated 2015-03-01 11.5 months N/A KES 15,551.51 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 20,000 Real 2015-03-26 5.7 months N/A KES 2,631 67.4% 34.9% 11.2% 0.0% 0.0% 21.3% 30 PDF PDF
KES 20,000 Generated 2015-03-01 5.5 months N/A KES 2,444.78 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 15,000 Generated 2015-03-01 5.5 months N/A KES 1,833.58 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 25,000 Generated 2015-03-01 5.5 months N/A KES 3,055.97 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 45,000 Generated 2015-03-01 11.5 months N/A KES 9,997.40 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 90,000 Generated 2015-03-01 12.0 months N/A KES 20,736 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 135,000 Generated 2015-03-01 12.0 months N/A KES 31,104 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 150,000 Generated 2015-03-01 11.5 months N/A KES 33,324.66 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 300GHS 700GHS 1,500GHS 3,000GHS 6,000GHS 9,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-112012-12-132012-12-202012-12-202012-10-242012-05-17
Loan Term (Months)5.5 months7.0 months11.0 months11.0 months8.0 months25.0 months
Grace Period (Months)0.5 months0.4 months0.4 months0.5 months0.4 months0.5 months
Total Cost of CreditGHS 74.10GHS 216.78GHS 620.20GHS 1,244.40GHS 2,040.44GHS 8,202.48
True Price by Comp           
Interest price component62.4%64.9%66.3%65.6%65.0%63.5%
Fee Component16.6%11.6%8.4%8.0%9.4%4.1%
Insurance Component3.1%2.3%1.7%1.6%2.0%0.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component13.6%13.4%13.0%12.7%12.9%10.2%
Full APR (int fee ins tax dep)95.7%92.2%89.4%87.9%89.3%78.4%
Transparency Index444647484754
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Nawiri ( Group business 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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