Outstanding portfolio (KES) | KES 508,296,058 |
Portfolio (USD) | USD 6,138,841.28 |
Active Clients with Loans | 13,496 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Evidence of school admission/attendance |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 60% |
KES 50,000-150,000 | 40% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 1.67% |
Highest quoted nominal interest | 1.83% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Chattels Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 1,500 | |
Reason for variation | Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1% | Charged only on loans KES 100,000 and above. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Risk Management Fee |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Individual loans = 10% upfront & 1% ongoing. Group Loans < KES 100,000 = 10% upfront & > KES 100,000 = 20% upfront. Loans > KES 45,000 = KES 400 ongoing, < KES 45,000 loans = KES 50 ongoing. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 - 1.00% |
or, Fixed-amount deposited | KES 50 - 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 11,520 | KES 23,000 | KES 50,000 | KES 90,000 | KES 200,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-06-03 | 2013-04-02 | 2013-03-18 | 2013-03-12 | 2013-05-21 | ||||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | KES 1,664.68 | KES 5,692.54 | KES 12,375.04 | KES 22,275 | KES 46,196.48 | ||||
True Price by Comp | |||||||||
Interest price component | 36.2% | 37.7% | 37.6% | 37.6% | 34.6% | ||||
Fee Component | 7.7% | 3.0% | 3.0% | 3.0% | 3.4% | ||||
Insurance Component | 4.6% | 2.5% | 2.5% | 2.5% | 2.5% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 10.5% | 9.5% | 12.5% | 10.6% | 20.8% | ||||
Full APR (int fee ins tax dep) | 59.0% | 52.7% | 55.6% | 53.7% | 61.3% | ||||
Transparency Index | 34 | 38 | 36 | 37 | 33 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
1st Valley Bank | 38,900 | 48,291,000 | 3 | 151 |
AJDFI | 13,100 | 884,000 | 6 | 151 |
ARDCI | 44,600 | 9,403,000 | 1 | 151 |
ASA Philippines | 333,400 | 29,282,000 | 1 | 151 |
ASHI | 35,400 | 5,231,000 | 6 | 151 |
ASKI | 60,000 | 15,247,000 | 4 | 151 |
Bangko Kabayan | 8,900 | 2,373,000 | 2 | 151 |
BSEI | 600 | 73,000 | 2 | 151 |
CBI | 8,100 | 2,010,000 | 5 | 151 |
CCT | 70,300 | 9,504,000 | 4 | 151 |
CEV | 35,400 | 5,111,000 | 4 | 151 |
DSPI | 59,300 | 3,676,000 | 3 | 151 |
ECLOF | 5,400 | 1,836,000 | 4 | 151 |
FCB | 12,000 | 2,392,000 | 2 | 151 |
FMB | 2,700 | 710,000 | 2 | 151 |
GM Bank | 23,500 | 1,553,000 | 3 | 151 |
HSPFI | 19,100 | 1,899,000 | 2 | 151 |
JVOFI | 1,300 | 281,000 | 1 | 151 |
Katipunan Bank | 42,100 | 5,325,000 | 2 | 151 |
KDCI | 20,500 | 2,095,000 | 3 | 151 |
KGI | 32,300 | 3,421,000 | 4 | 151 |
KMBI | 245,000 | 15,098,000 | 1 | 151 |
LTMPC | 37,400 | 8,935,000 | 3 | 151 |
Mallig Plains | 6,500 | 641,000 | 2 | 151 |
MILAMDEC | 29,800 | 3,278,000 | 2 | 151 |
MWIMPC | 11,800 | 1,740,000 | 4 | 150 |
NWTF | 105,500 | 12,698,000 | 5 | 151 |
OFMPC | 4,400 | 964,000 | 1 | 151 |
PBC | 50,700 | 10,434,000 | 4 | 151 |
PCSD | 700 | 167,000 | 1 | 151 |
PMPC | 23,500 | 5,565,000 | 8 | 151 |
RB Angeles | 900 | 1,502,000 | 2 | 151 |
RB Labason | 500 | 289,000 | 1 | 151 |
RBLI | 5,200 | 1,026,000 | 2 | 151 |
RBMI | 11,900 | 1,750,000 | 2 | 151 |
RMB | 100 | 173,000 | 1 | 151 |
RSPI | 39,600 | 2,834,000 | 4 | 151 |
SAFRAGEMC | 1,100 | 229,000 | 1 | 151 |
Salve | 10,900 | 1,191,000 | 3 | 151 |
SEDP | 27,000 | 3,914,000 | 3 | 151 |
TSKI | 212,900 | 25,187,000 | 2 | 151 |
TSPI | 264,500 | 31,290,000 | 7 | 151 |
Valient | 1,700 | 672,000 | 2 | 151 |
Key Statistics | |
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# Products | |
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# 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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