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Institution
Data approved: 2010-09-14
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (KES) | KES 167,684,808 |
Portfolio (USD) | USD 2,025,178.84 |
Active Clients with Loans | 9,794 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
Loans given to existing businesses. Main product for the institution.
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 | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
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 20,000 |
Maximum loan size | 1,000,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 10% |
Average grace period | 0.3 months |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | |
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 | 17.00% |
Highest quoted nominal interest | 17.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing 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 | 15.00% - N/A |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 100 - N/A |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 0.33% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | Monthly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Subsequent loans savings requirement is 25% of the loan amount
Full Pricing Data
Msingi Loan samples
No sample data for this product
Msingi Loan Price Graphs
No sample data for this product