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Transparent Pricing In Kenya

Please note that MFTransparency is no longer collecting new pricing data. The data displayed for this country is for historical purposes only and does not represent current products or prices in the country. Note that the age of the information for each MFI is indicated in the table below.

The Transparent Pricing Initiative in Kenya has published standardized pricing data from 18 institutions, representing the vast majority of Kenya’s active microloan borrowers. The Kenya Initiative was launched in January 2010 with a range of pricing and transparency workshops.

Microfinance in Kenya Truth-in-Lending Legislation Kenya Price Graph

The price graph presented below shows the prices of all the microloan products in the Kenya dataset. Each data-point represents a real loan given to a real borrower, calculated using original loan documentation from the institution. The size of the data-point correlates with the number of borrowers that have a loan of that product at that loan amount. The color of the data-point correlates with the Transparency Index of the sample. The interactive legend beneath the graph can be used to change the graph axis and labels. Try the custom feature to see price correlations with attributes such as loan purpose, institution type, loan term and percent of gross national income.

0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankNBFINGOOtherInstitution TypeAgricultureAnyBusinessConsumerEducationEmergencyHousingMultipleOtherLoan PurposeAdok TimoBIMASECLOF KenyaEquity BankFamily BankJamii BoraJuhudi KilimoK-Rep BankKADETKWFT DTMLKLMKLOpportunity KenyaPAWDEPRAFODESISDOYehuInstitutionKE-002-V01-P01KE-002-V01-P02KE-002-V01-P03KE-002-V01-P04KE-006-V02-P01KE-006-V02-P02KE-006-V02-P03KE-006-V02-P04KE-006-V02-P05KE-006-V02-P06KE-006-V02-P08KE-007-V02-P01KE-007-V02-P02KE-007-V02-P03KE-007-V02-P04KE-007-V02-P06KE-007-V02-P07KE-007-V02-P08KE-007-V02-P09KE-007-V02-P10KE-008-V01-P01KE-008-V01-P02KE-008-V01-P03KE-008-V01-P04KE-008-V01-P05KE-010-V02-P01KE-010-V02-P06KE-010-V02-P07KE-010-V02-P08KE-011-V03-P01KE-011-V03-P02KE-013-V02-P01KE-013-V02-P02KE-013-V02-P03KE-013-V02-P04KE-015-V02-P01KE-015-V02-P03KE-015-V02-P04KE-015-V02-P05KE-015-V02-P06KE-015-V02-P07KE-015-V02-P08KE-015-V02-P09KE-016-V02-P01KE-016-V02-P02KE-016-V02-P03KE-016-V02-P04KE-016-V02-P05KE-016-V02-P06KE-017-V01-P01KE-017-V01-P02KE-017-V01-P03KE-017-V01-P04KE-019-V02-P01KE-019-V02-P02KE-019-V02-P03KE-019-V02-P04KE-019-V02-P05KE-019-V02-P07KE-019-V02-P08KE-019-V02-P09KE-019-V02-P10KE-021-V02-P01KE-021-V02-P02KE-021-V02-P03KE-021-V02-P04KE-022-V02-P03KE-022-V02-P04KE-023-V02-P01KE-025-V02-P01KE-025-V02-P02KE-025-V02-P03KE-025-V02-P05KE-025-V02-P06KE-025-V02-P07KE-026-V02-P01KE-026-V02-P02KE-026-V02-P03KE-026-V02-P04KE-026-V02-P05KE-026-V02-P06KE-026-V02-P07KE-026-V02-P08KE-026-V02-P09KE-026-V02-P10KE-027-V01-P01KE-027-V01-P03KE-027-V01-P04ProductKECountry201020132015YearRange Number123Institution Data Version0100,000200,000300,000400,000500,000Loan Size (all)0%50%100%150%200%250%Full APR (int fee ins tax dep)> 87,00065,00043,00021,0002,400Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.

The pricing dynamics of the Kenyan microfinance market mirror the global trends observed, with an increase in prices correlating with a decrease in loan sizes. The Kenyan microfinance industry’s favoured pricing calculation method is flat interest rate – just 13% of Kenya’s borrowers access loans that use the declining balance interest rate method. Pricing trends are observed according to institution type and whether an institution is regulated.

Kenya Institutions

Institution# BorrowersPortfolio (US$)ProductsTransp. IndexParticipating SinceAge of Data
Action000N/A2010-Jun146 mos.
Adok Timo4,200570,0004252010-Sep177 mos.
BIMAS11,1004,679,0007312010-Sep146 mos.
ECLOF Kenya20,5005,455,0008252010-Sep146 mos.
Equity Bank135,50094,746,0009482010-Sep146 mos.
Family Bank43,20090,700,0005482010-Sep177 mos.
Jamii Bora2,4003,374,0004312010-Jun146 mos.
Juhudi Kilimo10,4004,436,0002572010-Sep146 mos.
KADET12,9005,402,0004272010-Sep146 mos.
K-Rep000N/A2010-Sep146 mos.
K-Rep Bank65,00028,743,0004412010-Sep177 mos.
KWFT DTM294,600165,982,0006352010-Sep146 mos.
LKL13,1009,311,00010392010-Jun138 mos.
MKL18,2005,989,0006322015-Mar123 mos.
Opportunity Kenya9,1004,866,0005272010-Sep146 mos.
PAWDEP40,9007,133,0002382010-Sep146 mos.
RAFODE2,900356,0001122010-Sep146 mos.
SISDO7,3003,657,00011272010-Sep146 mos.
Yehu14,0003,149,00011382010-Sep146 mos.
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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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