| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | No |
| Website address | http://www.eclof-kenya.org/ |
| Year established | 1994 |
| Head of Institution | Mary Munyiri |
| Regions active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
| # Branches | 16 |
| Total Portfolio (nat'l) | KES 470,400,975 |
| Total Portfolio (USD) | USD 5,681,171.20 |
| Active clients with loans | 19,987 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | ECLOF International, AMFI |
| Funders | ECLOF International, Water.org, Church of Sweden |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Elimu Bora Loan | KES 5,000 - 200,000 | 3 - 12 | 40% - 60% | 0% - 20% | Education | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Jinue Loan | KES 5,000 - 30,000 | 6 - 18 | 40% - 60% | 0% - 20% | Business, Consumer | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Jiwezeshe Loan | KES 5,000 - 300,000 | 6 - 36 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Tatua Shida Loan | KES 5,000 - 50,000 | 3 - 6 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Ukulima Loan | KES 5,000 - 200,000 | 6 - 12 | 40% - 60% | 20% - 40% | Agriculture | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Afya Loan | KES 8,666 - 21,420 | 3 - 12 | 40% - 60% | 20% - 40% | Other | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Maji Safi Loan | KES 5,000 - 100,000 | 9 - 24 | 40% - 60% | 20% - 40% | Other | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| Boma Safi Loan | KES 5,000 - 200,000 | 6 - 24 | 40% - 60% | 20% - 40% | Other | Women, Men, Have business | Credit Educ, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Elimu Bora Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 33.1% - 36.1% | 36.9% - 40.2% | 47 | ||||||||
| Jinue Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0%-25.0% upfront 200.00 ongoing | 42.8% - 45.3% | 108% - 170.1% | 16 | ||||||||
| Jiwezeshe Loan | 18.0%-20.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0%-25.0% upfront 200.00 ongoing | 33.6% - 41.6% | 61.6% - 91.2% | 23 | ||||||||
| Tatua Shida Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 45.4% | 53% | 42 | ||||||||
| Ukulima Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 39.5% - 42% | 43.6% - 49.6% | 44 | ||||||||
| Afya Loan | 19.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 34% - 37.8% | 37.7% - 42% | 46 | ||||||||
| Maji Safi Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 39.5% - 42% | 43.6% - 49.6% | 44 | ||||||||
| Boma Safi Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 36.8% - 42% | 39.1% - 49.6% | 45 |
| Outstanding portfolio (AZN) | AZN 10,662,352 |
| Portfolio (USD) | USD 13,669,682.05 |
| Active Clients with Loans | 6,236 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
| Currency | AZN |
| Minimum loan size | AZN 1,000 |
| Maximum loan size | 20,000 |
| Loans less than AZN 1,000 | 30% |
| AZN 1,000-5,000 | 0 |
| AZN 5,000-8,000 | 5% |
| AZN 8,000-11,000 | 5% |
| AZN 11,000-14,000 | 5% |
| Greater than AZN 14,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 60% |
| Longer than 18 months | 30% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Cash withdrawal fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 8.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | AZN 1,500 | AZN 3,043 | AZN 6,300 | AZN 9,500 | AZN 12,500 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-07-07 | 2011-05-26 | 2011-08-22 | 2011-08-08 | 2011-05-23 | ||||
| Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | 18.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 34.3% | 38.1% | 27.8% | 28.1% | 28.7% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 34.3% | 38.1% | 27.8% | 28.1% | 28.7% | ||||
| Transparency Index | 70 | 63 | 86 | 85 | 84 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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