2. KWFT DTM
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  2. ESAF
Please note that the information you are viewing is 139 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 Women Finance Trust Deposit Taking Microfinance Ltd P.O. Box 4179 - 00506Kiambere Road, Upper HillNairobi
Data approved: 2013-06-24
Data version: 2
Age of data: 141 months
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Institution

ESAF Microfinance & Investments (P) LTD No 5A 5th FloorPurasawalkamChennai, Tamil Nadu600084
Data approved: 2013-01-10
Data version: 3
Age of data: 139 months
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Product

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Product

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Product Summary

Number borrowers38,391
Loan Amount (range)KES 50,000 - 200,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Leadership, Women empowerment
Annual Interest & Method20.0%-22.0% annual, Flat
Fees1.00%-1.50% upfront upfront
Insurance1.25% upfront
TaxNone
Comp Dep10.0%-20.0% upfront 50.00-0.00 ongoing
Range of pricing 
Interest Price Component34.5% - 38.0%
Fee Component1.4% - 7.7%
Insurance Component1.2% - 4.6%
Tax Component Range0
Full APR (int fee ins tax dep)51.9% - 57.7%
Transparency Index (min/max)20 - 43
Transparency Index (average)33

Product Summary

1,612
INR 3,000 - 12,000
12 - 24
Credit Educ, Group Mtgs, Tech Asst Visits
22.0% annual, Decl Bal
1.00% upfront
None
12.36% fees
N/A
 
21.5% - 27.9%
1.2% - 2.3%
0
0.1% - 0.3%
24.1% - 25.8%
85 - 94
89

Product Details

Key Statistics
Outstanding portfolio (KES)KES 272,031,697
Portfolio (USD)USD 3,285,406.97
Active Clients with Loans38,391
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherGroup membership of 7-10 individuals.
Description
Loan to smaller groups, between 7-10 individuals, monthly meetings, monthly payments, security of social collateral, loan guarantee fund, chattels mortgage.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherLeadership
Other (2)Women empowerment
No other services
Eligibility
Men
Womenx
Must run a businessx
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 institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (INR)INR 5,797,160.55
Portfolio (USD)USD 109,380.39
Active Clients with Loans1,612
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The water loan is to meet the the cost of obtaining and installing municipal water connection.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFor installing water connection
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product3
Regions ActiveChhattisgarh, Madhya Pradesh, Maharashtra

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00040%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months50%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
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 payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 3,000
Maximum loan size12,000
Distribution at Disbursement (Est.)
Loans less than INR 5,00090%
INR 5,000-15,00010%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
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 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.83%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeChattels Fee
% of loan amount - min1.00%0
% of loan amount - max1.50%0
OR, Fixed amount - min00
Fixed amount - max01,500
Reason for variationLoans 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?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Management Fee
% of loan amount - min1.25%
% of loan amount - max1.25%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaIdv loans =10% upfront & 1% ongoing. Grp 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
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0 - 1.00%
or, Fixed-amount depositedKES 50 - 0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid6.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedAll

Full Pricing Data

Energy Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 49,800KES 50,000KES 90,000KES 150,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-122013-03-112013-03-152013-03-13
Loan Term (Months)12.0 months12.0 months12.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 12,325.50KES 12,375.04KES 22,383.48KES 65,880.85
True Price by Comp       
Interest price component37.6%37.6%37.8%34.6%
Fee Component3.0%3.0%3.0%2.2%
Insurance Component2.5%2.5%2.5%1.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component8.8%12.5%10.6%19.5%
Full APR (int fee ins tax dep)51.9%55.6%53.9%57.7%
Transparency Index35323335
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Jeevandhara samples
Sample 1Sample 2Sample 3
Loan AmountINR 5,000INR 5,000INR 6,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-192013-03-192013-02-26
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)-0.1 months-0.1 months0.6 months
Total Cost of CreditINR 556.18INR 556.18INR 856.42
True Price by Comp     
Interest price component21.5%21.5%23.6%
Fee Component2.3%2.3%1.9%
Insurance Component0.0%0.0%0.0%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)24.1%24.1%25.8%
MFIN MFI Earning (Annualised)23.8%23.8%25.5%
MFIN Cost to Borrower (Annualised)24.1%24.1%25.8%
Transparency Index919185
MFIN Transparency Index10010093
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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Key Statistics
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# Countries
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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