2. LKL
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  2. FASL
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Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 127 months
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Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 132 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2000
Head of InstitutionJames Mugambi
Regions activeCentral, Coast, Eastern, Nairobi, Rift Valley
# Branches11

Total Portfolio (nat'l)KES 770,993,115
Total Portfolio (USD)USD 9,311,511.05
Active clients with loans13,164
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.firstalliedghana.com
Year established1996
Head of InstitutionNana Yaw Oduro
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region
# Branches21

Total Portfolio (nat'l)GHS 27,673,204.91
Total Portfolio (USD)USD 14,047,312.14
Active clients with loans13,585
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsGhana Microfinance Institutions Network, Ghana Employers Association, Ghana National Chamber of Commerce and Industry
Funders

Loan Products » Summary

Biashara
1,985 Borrowers
USD 3,233,509.01 Portfolio
Active Product
Group
6,440 Borrowers
USD 3,471,656.48 Portfolio
Active Product
Maji
363 Borrowers
USD 60,130.79 Portfolio
Active Product
Government
2,298 Borrowers
USD 1,545,809.67 Portfolio
Active Product
Payroll
1,392 Borrowers
USD 913,677.99 Portfolio
Active Product
Solar
202 Borrowers
USD 10,668.14 Portfolio
Active Product
Emergency
332 Borrowers
USD 23,617.40 Portfolio
Active Product
School
69 Borrowers
USD 11,838.38 Portfolio
Active Product
Biogas
82 Borrowers
USD 39,637 Portfolio
Active Product
Cheque
1 Borrowers
USD 966.18 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Summary

Golden
3,885 Borrowers
USD 5,006,432.72 Portfolio
Active Product
Commercial
1,134 Borrowers
USD 4,846,607.27 Portfolio
Active Product
Salary
889 Borrowers
USD 304,184.65 Portfolio
Active Product
Super
94 Borrowers
USD 605,463.74 Portfolio
Active Product
Fast Track
239 Borrowers
USD 258,549.42 Portfolio
Active Product
Travel
90 Borrowers
USD 158,851.49 Portfolio
Active Product
Distance
6,833 Borrowers
USD 2,230,976.56 Portfolio
Active Product
Premium
421 Borrowers
USD 636,246.30 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Biashara KES 50,000 - 3,000,000 3 - 24 40% - 60% 40% - 60% Business, Housing, Other Women, Men, Have business, Have home or land Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training
Group KES 3,000 - 1,500,000 3 - 24 40% - 60% 20% - 40% Any Purpose Women, Men, Have business, Must be known by the other members Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Maji Nyumbani KES 6,192 - 63,184 3 - 12 60% - 80% 0% - 20% This loan is for the purchase of water tanks only Women, Men Credit Educ, Other Training
Government Check Off KES 1 - 1,000,000 3 - 60 0% - 20% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ
Payroll (MOU) KES 1 - 300,000 3 - 24 0% - 20% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ, Credit Ins
Solar KES 2,990 - 41,400 3 - 12 40% - 60% 0% - 20% Housing Women, Men Credit Educ, Other Training
Emergency KES 3,000 - 10,000 3 - 4 40% - 60% 40% - 60% Any Purpose Women, Men Credit Educ, Other Training
School Fees KES 10,000 - 50,000 3 - 6 60% - 80% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Other Training
Biogas KES 20,000 - 250,000 3 - 18 40% - 60% 0% - 20% Consumer Women, Men, Have home or land Credit Educ, Group Mtgs, Tech Asst Visits, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Golden Susu Loans GHS 500 - 10,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Commercial Loans GHS 1,000 - 300,000 1 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Salary Loans GHS 200 - 50,000 1 - 36 20% - 40% 60% - 80% Consumer, Education, Other Women, Men, Salaried worker Other Training
Super Golden Susu GHS 10,500 - 50,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Other Training
Fast Track Susu GHS 2,000 - 10,000 3 - 6 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Travel Loans GHS 2,000 - 10,000 3 - 6 40% - 60% 100% Other Women, Men, Have business, Salaried worker Business Training, Other Training
Distance Banking GHS 1,500 - 10,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Group Mtgs, Business Training, Other Training
Premium Golden Susu GHS 1,500 - 50,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 22.0% annual, Flat 2 Fees 1 Ins None 41.5% - 47.5% 44.3% - 64% 44
Group 20.0% annual, Flat 2 Fees 1 Ins None 15.0%-20.0% upfront 400.00 ongoing 37% - 42.9% 59.1% - 79.9% 31
Maji Nyumbani 22.0% annual, Flat 0 Fees 1 Ins None 10.0%-20.0% upfront 37.9% - 38.5% 49.8% - 52% 43
Government Check Off 23.3%-30.0% annual, Flat 2 Fees 1 Ins None N/A 49.8% - 51.9% 50.9% - 52.4% 45
Payroll (MOU) 22.0% annual, Flat 2 Fees 1 Ins None N/A 41.9% - 46% 43.7% - 49.1% 48
Solar 20.0% annual, Flat 0 Fees 0 Ins None N/A 34.4% - 35.6% 34.4% - 35.6% 57
Emergency 18.0% annual, Flat 1 Fee 1 Ins None N/A 29.7% - 31.6% 38.6% - 41.2% 45
School Fees 22.0% annual, Flat 0 Fees 1 Ins None N/A 31.6% - 34.2% 37.8% - 40.9% 91
Biogas 20.0% annual, Flat 2 Fees 1 Ins None N/A 32.3% - 32.4% 35.8% - 35.9% 56

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Biashara 22.0% annual, Flat 2 Fees 1 Ins Ins None 41.5% - 47.5% 44.3% - 64% 44
Group 20.0% annual, Flat 2 Fees 1 Ins Ins None 15.0%-20.0% upfront 400.00 ongoing 37% - 42.9% 59.1% - 79.9% 31
Maji Nyumbani 22.0% annual, Flat 0 Fees 1 Ins Ins None 10.0%-20.0% upfront 37.9% - 38.5% 49.8% - 52% 43
Government Check Off 23.3%-30.0% annual, Flat 2 Fees 1 Ins Ins None N/A 49.8% - 51.9% 50.9% - 52.4% 45
Payroll (MOU) 22.0% annual, Flat 2 Fees 1 Ins Ins None N/A 41.9% - 46% 43.7% - 49.1% 48
Solar 20.0% annual, Flat 0 Fees 0 Ins Ins None N/A 34.4% - 35.6% 34.4% - 35.6% 57
Emergency 18.0% annual, Flat 1 Fee 1 Ins Ins None N/A 29.7% - 31.6% 38.6% - 41.2% 45
School Fees 22.0% annual, Flat 0 Fees 1 Ins Ins None N/A 31.6% - 34.2% 37.8% - 40.9% 91
Biogas 20.0% annual, Flat 2 Fees 1 Ins Ins None N/A 32.3% - 32.4% 35.8% - 35.9% 56

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32
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% Products with one or more insurances
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