Please note that the information you are viewing is 114 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Data approved: 2013-07-16
Data version: 2
Age of data: 114 months

Institution

Wasasa MFI AlemgenaOromiaP O Box 1192
Data approved: 2011-12-23
Data version: 1
Age of data: 130 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.bimaskenya.com
Year established1997
Head of InstitutionPatrick Gathondu
Regions activeCentral, Eastern, Nairobi, Rift Valley
# Branches19

Total Portfolio (nat'l)KES 397,880,258
Total Portfolio (USD)USD 4,805,317.13
Active clients with loans10,118
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionAmsalu Alemayehu Gutema
Regions active
# Branches24

Total Portfolio (nat'l)ETB 113,970,892
Total Portfolio (USD)USD 6,194,070.22
Active clients with loans53,981
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI, MAIN, PAMIGA
FundersTerrafina, Cordaid, Ethio Italian Rural Development Cooperation, World Solidarity Movement

Loan Products » Summary

177 Borrowers
USD 36,426.97 Portfolio
Active Product
339 Borrowers
USD 212,004.75 Portfolio
Active Product
1,362 Borrowers
USD 331,099.98 Portfolio
Active Product
176 Borrowers
USD 75,449.82 Portfolio
Active Product
8,244 Borrowers
USD 2,621,006.47 Portfolio
Active Product
715 Borrowers
USD 98,801.78 Portfolio
Active Product
156 Borrowers
USD 1,304,347.83 Portfolio
Active Product

Loan Products » Summary

4,002 Borrowers
USD 493,914.29 Portfolio
Active Product
452 Borrowers
USD 72,351.36 Portfolio
Active Product
393 Borrowers
USD 326,133.70 Portfolio
Active Product
44,503 Borrowers
USD 4,906,114.40 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 10,000 - 80,000 3 - 12 40% - 60% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Imarika Loan KES 50,000 - 200,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mama Plus Loan KES 10,000 - 200,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mifugo Loan KES 50,000 - 100,000 9 - 12 40% - 60% 40% - 60% Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Msingi Loan KES 20,000 - 300,000 3 - 18 40% - 60% 40% - 60% Business, Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Upesi Loan KES 10,000 - 50,000 3 - 6 40% - 60% 40% - 60% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training, Other Training
Biashara Loan KES 300,000 - 3,000,000 18 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Employee Loan ETB 1,000 - 10,000 4 - 24 0% - 20% 80% - 100% Housing, Consumer, Education Women, Men, Salaried worker Credit Educ
Enterprise Loan ETB 2,000 - 10,000 4 - 12 20% - 40% 80% - 100% Business Women, Men, Have business, Must be urban or semi-urban, not for rural clients. Credit Educ, Business Training
Individual Loan ETB 5,000 - 150,000 4 - 24 40% - 60% 80% - 100% Business Women, Men, Have business Credit Educ, Tech Asst Visits, Business Training
Large Group Loan ETB 100 - 5,000 4 - 12 40% - 60% 0% - 20% Any Purpose Women, Men Credit Educ, Other Training, Agricultural Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 15.0% annual, Flat 0 Fees 1 Ins None 10.0%-15.0% upfront 26.6% 31.9% - 33.6% 45
Enterprise Loan 18.0% annual, Flat 0 Fees 1 Ins None 10.0% upfront 32.1% - 33.8% 40.2% - 43.9% 43
Individual Loan 11.0%-15.0% annual, Flat 0 Fees 0 Ins None N/A 21.6% - 26.5% 21.6% - 26.5% 46
Large Group Loan 18.0% annual, Flat 1 Fee 1 Ins None 10.0%-15.0% upfront 23.6% - 23.8% 27.4% - 27.7% 65

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 15.0% annual, Flat 0 Fees 1 Ins Ins None 10.0%-15.0% upfront 26.6% 31.9% - 33.6% 45
Enterprise Loan 18.0% annual, Flat 0 Fees 1 Ins Ins None 10.0% upfront 32.1% - 33.8% 40.2% - 43.9% 43
Individual Loan 11.0%-15.0% annual, Flat 0 Fees 0 Ins Ins None N/A 21.6% - 26.5% 21.6% - 26.5% 46
Large Group Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 10.0%-15.0% upfront 23.6% - 23.8% 27.4% - 27.7% 65
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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