Number borrowers | 156 |
Loan Amount (range) | KES 300,000 - 3,000,000 |
Loan Term (range) | 18 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins, Business Training |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 2.50% upfront 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 1,000.00 ongoing |
Range of pricing | |
Interest Price Component | 13.7% - 40.7% |
Fee Component | 0 - 10.7% |
Insurance Component | 0 - 9.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 46.2% - 48.2% |
Transparency Index (min/max) | 14 - 61 |
Transparency Index (average) | 47 |
236 |
GHS 100 - 3,000 |
3 - 12 |
Credit Educ, Tech Asst Visits, Business Training, Health Education |
48.00% annual, Flat |
4.00% upfront |
None |
None |
20.00% upfront |
77.3% - 114.4% |
11.4% - 48.3% |
0 |
0 |
174.6% - 205.5% |
23 - 35 |
25 |
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 |
Outstanding portfolio (GHS) | GHS 5,400 |
Portfolio (USD) | USD 2,741.12 |
Active Clients with Loans | 236 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | Health Education |
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 | x |
Must be specific age group | |
Other | Must provide a guarantor |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Volta Region |
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 |
Currency | GHS |
Minimum loan size | GHS 100 |
Maximum loan size | 3,000 |
Loans less than GHS 1,000 | 60% |
GHS 1,000-5,000 | 40% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 40% |
Between 4 and 6 months | 60% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | x |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
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 |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Proessing Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
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? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | GHS 800 | GHS 1,400 | GHS 2,500 | ||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | Not Known | ||
Disbursement Date | 2013-01-12 | 2013-01-12 | 2013-04-17 | ||
Loan Term (Months) | 2.6 months | 3.5 months | 1.6 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | GHS 128 | GHS 280 | GHS 350.20 | ||
True Price by Comp | |||||
Interest price component | 92.1% | 92.7% | 111.5% | ||
Fee Component | 33.7% | 26.2% | 48.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 57.8% | 55.7% | 45.7% | ||
Full APR (int fee ins tax dep) | 183.6% | 174.6% | 205.5% | ||
Transparency Index | 26 | 27 | 23 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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