| Number borrowers | 32,000 |
| Loan Amount (range) | ETB 100 - 30,000 |
| Loan Term (range) | 12 - 30 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 16.0%-24.0% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 5.0%-10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 28.3% - 30.2% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 30.6% - 35.2% |
| Transparency Index (min/max) | 44 - 52 |
| Transparency Index (average) | 47 |
| 156 |
| KES 300,000 - 3,000,000 |
| 18 - 24 |
| Credit Educ, Credit Ins, Business Training |
| 22.0% annual, Flat |
| 2.50% upfront 2.00% upfront |
| 2.00% upfront |
| None |
| 1,000.00 ongoing |
| 13.7% - 40.7% |
| 0 - 10.7% |
| 0 - 9.3% |
| 0 |
| 46.2% - 48.2% |
| 14 - 61 |
| 47 |
| Outstanding portfolio (ETB) | ETB 48,000,000 |
| Portfolio (USD) | USD 2,608,695.65 |
| Active Clients with Loans | 32,000 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KES) | KES 108,000,000 |
| Portfolio (USD) | USD 1,304,347.83 |
| Active Clients with Loans | 156 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | 4 |
| # Regions for this product | 3 |
| Regions Active | Central, Eastern, Nairobi |
| Currency | ETB |
| Minimum loan size | ETB 100 |
| Maximum loan size | 30,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 30.0 months |
| Approx average | 12.0 months |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | KES |
| Minimum loan size | KES 300,000 |
| Maximum loan size | 3,000,000 |
| Loans less than KES 50,000 | 0 |
| KES 50,000-150,000 | 0 |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 30% |
| KES 350,000-450,000 | 20% |
| Greater than KES 450,000 | 20% |
| Shortest loan term | 18.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 70% |
| Grace period usage | 10% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 16.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Depends on the frequency of repayment - Monthly - 16%, Quarterly - 20%, Single End payment - 24% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% - 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.00% |
| Highest quoted nominal interest | 22.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Application Fee | Appraisal Fee | |
| % of loan amount - min | 2.50% | 2.00% | |
| % of loan amount - max | 2.50% | 2.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 1,000 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.33% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ETB 1,000 | ETB 3,000 | ETB 4,000 | ETB 10,000 | ETB 21,000 | ETB 30,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-10-28 | 2011-10-23 | 2011-10-18 | 2011-10-20 | 2011-07-20 | 2011-07-20 | |||||
| Loan Term (Months) | 12.0 months | 18.0 months | 18.0 months | 18.0 months | 24.0 months | 24.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 28.3% | 28.3% | 28.4% | 28.4% | 30.2% | 30.2% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 4.9% | 4.8% | 4.8% | 2.2% | 5.0% | 5.0% | |||||
| Full APR (int fee ins tax dep) | 33.2% | 33.2% | 33.2% | 30.6% | 35.2% | 35.2% | |||||
| Transparency Index | 48 | 48 | 48 | 52 | 45 | 45 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 300,000 | KES 420,000 | KES 500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-26 | 2013-07-19 | 2013-04-29 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 18.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 151,500 | KES 212,100 | KES 197,500 | ||
| True Price by Comp | |||||
| Interest price component | 37.1% | 37.1% | 37.6% | ||
| Fee Component | 5.1% | 5.1% | 6.5% | ||
| Insurance Component | 2.3% | 2.3% | 2.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 2.4% | 1.7% | 1.2% | ||
| Full APR (int fee ins tax dep) | 46.9% | 46.2% | 48.2% | ||
| Transparency Index | 47 | 48 | 46 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Greater than: | ||||||
| Less or equal to: | ||||||
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