Kenya Agency for Development & Enterprise Technology - Agriculture Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kenya Agency for Development & Enterprise Technology P.O. Box 1676Nairobi

Data approved: 2013-06-25

Data version: 2

Age of data: 134 months

Download Data

Analyze Data

Product

Agriculture Loan Product 1 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 40,091,409
Portfolio (USD)	USD 484,195.76
Active Clients with Loans	702
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

This is a seasonal crop credit for farmers and entrepreneurs trading in agricultural produce. Payment is referred to as a balloon payment and is popular with rural farmers.

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits	x
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	7
# Regions for this product	7
Regions Active	Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	30%
KES 50,000-150,000	50%
KES 150,000-250,000	10%
KES 250,000-350,000	10%
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	9.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	40%
Between 7 and 9 months	50%
Between 10 and 12 months	10%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	18.00%
Highest quoted nominal interest	22.00%
Reason(s) why interest rate varies	Time as Client
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Application Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Annual Loan Protection Fee
% of loan amount - min	1.20%
% of loan amount - max	1.20%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	Upfront: Sol group loans =20%. Individual loans =30%.
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00% - 30.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	KES 400
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Agriculture Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 10,000	KES 25,000	KES 50,000	KES 100,000	KES 300,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-06-11	2013-05-10	2013-05-14	2013-04-23	2013-05-28
Loan Term (Months)	6.0 months	12.0 months	9.0 months	9.0 months	9.0 months
Grace Period (Months)	5.1 months	11.2 months	8.2 months	8.2 months	8.2 months
Total Cost of Credit	KES 1,395	KES 6,550	KES 10,350.03	KES 20,700	KES 62,100
True Price by Comp
Interest price component	19.3%	21.7%	21.6%	21.7%	21.7%
Fee Component	6.3%	3.3%	4.4%	4.4%	4.4%
Insurance Component	2.6%	1.4%	1.7%	1.7%	1.8%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	12.2%	10.3%	8.5%	13.1%	7.4%
Full APR (int fee ins tax dep)	40.4%	36.7%	36.2%	40.9%	35.3%
Transparency Index	45	49	50	44	51

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Agriculture Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	107
KF	233,600	41,416,000	4	106
NRSP	399,900	70,157,000	3	107
ASA	230,400	29,637,000	3	107
TMFB	221,200	85,449,000	7	107
FMFB	163,544	38,481,323	9	125
TRDP	100,000	13,817,000	3	107
PRSP	75,656	9,907,176	3	125
BRAC^P	57,300	11,869,000	3	107
SRSO	51,100	7,775,000	3	107
SSF	46,000	4,776,000	3	107
FINCA	82,000	43,559,000	9	107
JWS	36,000	6,545,000	2	107
RCDS	35,552	4,856,122	4	125
DAMEN	35,185	7,150,864	1	125
FFO	22,400	3,335,000	3	107
OLP	21,400	3,510,000	3	107
CSC	17,600	3,147,000	1	107
AMRDO	13,800	1,206,000	5	107
WMBL	13,800	6,105,000	3	107
Mojaz	13,400	2,415,000	2	107
SDF	11,500	1,041,000	4	107
POMFB	8,500	2,795,000	4	107
OPD	7,500	918,000	2	107
AGAHE	7,300	797,000	2	107
NRDP	6,184	1,521,972	3	125
GBTI	6,100	669,000	3	125
WASIL	4,300	1,135,000	2	107
Micro Options	4,000	768,000	5	107
VDO	3,900	489,000	3	125
SVDP	3,900	811,000	13	125
SRDO	3,500	766,000	4	107
OSDI	2,000	923,000	3	107
APMBL	1,800	1,401,000	3	107
BEDF	1,400	209,000	3	125
KCDO	800	94,000	1	125

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Agriculture Loan samples

Agriculture Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources