Please note that the information you are viewing is 103 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kungoma Financial Services Ltd Permanent House, 1st floor room 145L, along Cairo RoadLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 103 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2004
Head of InstitutionBrian Kofi Kunda
Regions active
# Branches1

Total Portfolio (nat'l)ZMK 96,120,000
Total Portfolio (USD)USD 18,573.91
Active clients with loans43
Approximate % female clients20% - 40%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

13 Borrowers
USD 5,615.37 Portfolio
Low Volume Product
30 Borrowers
USD 12,958.54 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Personal loan ZMK 500,000 - 5,000,000 1 - 12 20% - 40% 80% - 100% Any Purpose, Mostly used for business Women, Men, Reliable income or some kind of collateral Credit Educ
Salary support ZMK 500,000 - 5,000,000 1 - 12 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Personal loan 180.0% annual, Decl Bal 1 Fee 1 Ins None N/A 194.4% - 235.1% 222.7% - 265.1% 75
Salary support 180.0% annual, Decl Bal 1 Fee 1 Ins None N/A 200.4% - 256.5% 229.8% - 288.3% 72
Institution Price Graph
Please note that the information you are viewing is 112 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Family Bank Ltd. NairobiKenyaP.O. Box 74145
Data approved: 2010-09-13
Data version: 1
Age of data: 112 months

Product

Secured Business Loan Product 4 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 2,500,000,000
Portfolio (USD)USD 30,193,236.71
Active Clients with Loans3,000
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Credit product to SMEs for business and personal development and secured by conventional types of securities like Title deeds and log books
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 insurancex
Workplace visitsx
Business trainingx
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 worker
Must be specific age group
OtherMust have collateral
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 100,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average36.0 months
Grace Period
Grace period usage0
Average grace period0
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 interest18.50%
Highest quoted nominal interest18.50%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing 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
Ongoing Fees
Fee 1
DescriptionLedger Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min200
Fixed amount - max200
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.3% of the loan amount x number of months
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
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

Secured Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 100,000KES 200,000KES 300,000KES 400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-02-102010-01-202009-12-222010-02-03
Loan Term (Months)12.0 months36.0 months24.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component34.3%25.9%25.6%23.9%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)34.3%25.9%25.6%23.9%
Transparency Index54717277
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Secured Business Loan Price Graphs


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# Countries
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% Products with one or more insurances
% Products with compulsory deposits
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