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Institution
Data approved: 2010-09-13
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (KES) | KES 654,388,000 |
Portfolio (USD) | USD 7,903,236.72 |
Active Clients with Loans | 4,840 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Group membership of 7-10 individuals |
Description
Loan to smaller groups, between 7-10 individuals, monthly meetings, monthly payments, security of social collateral, loan guarantee fund, chattels mortgage.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Leadership |
Other (2) | Women empowerment |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
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 50,000 |
Maximum loan size | 5,000,000 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 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 | 1.50% |
Highest quoted nominal interest | 1.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Loan Processing Fee | | Risk Management Fee |
% of loan amount - min | 1.00% | | 1.25% |
% of loan amount - max | 1.00% | | 1.25% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing 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 | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
THIRD FEE: Chattels mortgage, KES 1.5, not on repayment schedule
Full Pricing Data
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