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Institution

Data approved: 2013-05-26
Data version: 3
Age of data: 113 months

Product

Asset Financing Dairy Cow Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 275,501,067
Portfolio (USD)USD 3,327,307.57
Active Clients with Loans6,296
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product is designed for the specific purpose of purchasing a dairy cow.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherImprove the structure used to house dairy cows
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherOptional low-cost life insurance through CIC, KES 3290pa
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
OtherMust be a farmer
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 30,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00015%
KES 150,000-250,0005%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months30%
Longer than 18 months10%
Grace Period
Grace period usage100%
Average grace period2.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesChanging all interest rates from 16% to 18% in Jan 2010
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeRegistration Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min0500
Fixed amount - max0500
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionLoan Insurance FeeLivestock Insurance Fee
% of loan amount - min1.00%4.00%
% of loan amount - max2.00%4.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation1% of the loan amount p.aN/A
Appears on Repayment Sched?YesYes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Asset Financing Dairy Cow Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 26,000KES 50,000KES 100,000KES 200,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-122013-03-122013-03-122013-05-302013-04-29
Loan Term (Months)11.0 months11.0 months14.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 6,740KES 12,501KES 29,179KES 87,149KES 130,474
True Price by Comp         
Interest price component33.4%33.4%33.5%31.7%31.8%
Fee Component6.2%4.2%2.6%1.3%1.2%
Insurance Component11.2%11.0%9.5%6.9%6.9%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component17.0%16.3%15.1%12.5%12.5%
Full APR (int fee ins tax dep)67.8%64.9%60.7%52.4%52.4%
Transparency Index4749536161
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Asset Financing Dairy Cow Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001143
CEPESIU2,000939,0004143
COAC 4 Octubre2,2005,771,0002143
COAC Ambato1,30016,415,0002143
COAC FondVida2,5004,200,0004143
COAC LaBenefica2,5008,482,0006143
COAC MCCH5,30010,020,0002143
COAC Nacional30,70027,129,0002143
COAC San José10,40029,133,0005143
COAC SanAntonio1,0002,384,0003143
COAC SantaAnita2,0002,532,0006143
Codesarrollo14,40040,328,0007143
Coop San Miguel1,8004,754,0005140
CooP VPR7001,052,0004143
Cooprogreso7,90032,244,0004143
Credi Fe100,900380,039,0004143
D^Miro36,90027,692,0009136
DECOF2,200705,0002143
Espoir62,10021,036,0005143
FODEMI28,20012,924,0003143
Fundacion Alternativa4,3005,545,0002143
FUNDAMIC2,0001,468,0002143
INSOTEC7,0006,047,0004143
Luz del Valle6,40011,300,0003143
ProCredit43,800211,941,0002143
PS Ambato5,6002,771,0001143
Caps / Zoom options
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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