2. Katipunan Bank
Please note that the information you are viewing is 152 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. LKL
Please note that the information you are viewing is 127 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Katipunan Bank (ZN), Inc Quezon Ave. cor. Aguilar St.MiputakDipolog City, Zamboanga del Norte/Region IX7100
Data approved: 2011-11-15
Data version: 1
Age of data: 152 months

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 127 months
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Product

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Product

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Product Summary

Number borrowers5,719
Loan Amount (range)PHP 10,000 - 150,000
Loan Term (range)1 - 12
Other Services (text summary)Business Training, Other Training, Tie-up with other agencies (DTI, TESDA) for trainings
Annual Interest & Method30.0% annual, Flat
Fees100.00 upfront 3.00%-4.00% ongoing
Insurance1.50% upfront 20.00 ongoing
TaxNone
Comp Dep100.00 upfront 10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component66.1% - 74.4% (Int+Fee)
Insurance Component5.1% - 72.3%
Tax Component Range0 - 1.2%
Full APR (int fee ins tax dep)79.2% - 103.5%
Transparency Index (min/max)17 - 38
Transparency Index (average)34

Product Summary

2,298
KES 1 - 1,000,000
3 - 60
Credit Educ
23.3%-30.0% annual, Flat
100.00-1,000.00 upfront 3.00% ongoing
2.00% ongoing
None
N/A
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
50.9% - 52.4%
25 - 163
45

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 75,062,850
Portfolio (USD)USD 1,795,761.96
Active Clients with Loans5,719
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherMABS Approach
Description
An Asenso Loan is an individual microfinance loan product for microenterprises to help them expand their present business activities and increase their income.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherTie-up with other agencies (DTI, TESDA) for trainings
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 groupx
Other18-65 years old
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 127,993,040.70
Portfolio (USD)USD 1,545,809.67
Active Clients with Loans2,298
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product targets civil servants employed by the Government of Kenya (GOK) in various ministries and departments.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 1
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00010%
KES 50,000-150,00010%
KES 150,000-250,00020%
KES 250,000-350,00020%
KES 350,000-450,00020%
Greater than KES 450,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months10%
Between 13 and 18 months30%
Longer than 18 months50%
Grace Period
Grace period usage100%
Average grace period1.5 months
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 interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionNotarial Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionService Charge
% of loan amount - min3.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation4% if above 18 days
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionLoan Redemption Plan
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionMBA (Microinsurance)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20
Fixed amount - max20
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Credit Insurance is 1.5% per annum; TAXES: Documentary Stamps - Above 5, loan amount only - (Loan Amount less 5,)/2;

Pricing Information

Interest
Lowest quoted nominal interest1.94%
Highest quoted nominal interest2.50%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDisbursement Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max1,000
Reason for variationVaries based on method of loan disbursement.
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionAdministration 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?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing 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
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

ASENSO Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 15,000PHP 30,000PHP 60,000PHP 100,000PHP 120,000
Loan Cycle (1, 2, 3, etc)4Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-04-202010-11-302011-07-062011-01-202010-12-15
Loan Term (Months)5.6 months8.4 months11.2 months4.7 months11.2 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component74.4%71.0%66.3%68.4%66.1%
Insurance Component18.9%10.7%6.5%9.0%5.1%
Tax Component0.0%0.0%0.2%1.2%0.7%
Deposit Component10.2%8.6%7.5%7.0%7.3%
Full APR (int fee ins tax dep)103.5%90.3%80.5%85.6%79.2%
Transparency Index2933373538
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Government Check Off samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,300KES 22,072.17KES 50,000.29KES 89,100KES 299,999.98KES 419,199.98
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-072013-05-082013-06-132013-07-052013-08-022013-04-15
Loan Term (Months)26.0 months50.0 months50.0 months50.0 months51.0 months50.0 months
Grace Period (Months)1.7 months1.6 months1.5 months1.7 months1.8 months1.4 months
Total Cost of CreditKES 6,847.03KES 34,293.59KES 77,560.23KES 145,171.29KES 490,049.12KES 649,623.53
True Price by Comp           
Interest price component47.0%49.4%49.8%51.1%51.0%50.0%
Fee Component2.8%1.0%1.0%0.8%0.8%0.8%
Insurance Component1.1%0.5%0.5%0.5%0.5%0.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)50.9%50.9%51.3%52.4%52.3%51.4%
Transparency Index464645444545
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
ASENSO 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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