Institution Type | Non Bank Financial Institution |
Is this institution regulated? | No |
Website address | http://opportunity.net/kenya/ |
Year established | 2006 |
Head of Institution | Lydia Njoroge |
Regions active | Nairobi, Nyanza, Rift Valley, Western |
# Branches | 11 |
Total Portfolio (nat'l) | KES 402,920,910 |
Total Portfolio (USD) | USD 4,866,194.57 |
Active clients with loans | 9,122 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Opportunity International, AMFI |
Funders | Opportunity International USA, Wedco Enterprises Limited |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://www.1stvalleybank.com/ |
Year established | 1956 |
Head of Institution | Atty. Nicolas J. Lim |
Regions active | |
# Branches | 23 |
Total Portfolio (nat'l) | PhP 3,284,057,363 |
Total Portfolio (USD) | USD 78,565,965.62 |
Active clients with loans | 70,630 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Bangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Microenterprise Access to Banking Services (MABS), Microfinance Council of the Philippines, Inc. (MCPI) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Msingi Loan | KES 10,000 - 500,000 | 6 - 36 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Must have run a business for at least 12 months | Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance | |||||||
Nguzo Loan | KES 50,000 - 500,000 | 6 - 36 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Must have run a business for at least 24 months | Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance | |||||||
Somesha (Education) Loan | KES 5,000 - 100,000 | 3 - 12 | 40% - 60% | 60% - 80% | Education | Women, Men, Must be attending an educational institution or have a dependent attending | Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance | |||||||
Asset Loan | KES 5,000 - 2,000,000 | 6 - 36 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | PHP 10,000 - 250,000 | 12 - 24 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Salaried worker, Specific age group, 18-70 years old, Barangay & LGU Officials | Credit Ins | |||||||
DepEd APDS Loan | PHP 20,000 - 250,000 | 12 - 24 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Microfinance Loan | PHP 3,000 - 150,000 | 0.9 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture, Housing | Women, Men, Specific age group, 18-65 years old | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Msingi Loan | 22.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 100.00 ongoing | 41.8% - 59.8% | 64.2% - 135% | 26 | ||||||||
Nguzo Loan | 22.0% annual, Flat | 2 Fees | 1 Ins | None | 25.0% upfront 200.00 ongoing | 39.9% - 49.3% | 67.5% - 112.5% | 27 | ||||||||
Somesha (Education) Loan | 16.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 34% - 44% | 45.6% - 59.7% | 33 | ||||||||
Asset Loan | 22.0% annual, Flat | 2 Fees | 1 Ins | None | 15.0% upfront | 42.7% - 46.9% | 61% - 71.9% | 34 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Msingi Loan | 22.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 20.0% upfront 100.00 ongoing | 41.8% - 59.8% | 64.2% - 135% | 26 | ||||||||
Nguzo Loan | 22.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 25.0% upfront 200.00 ongoing | 39.9% - 49.3% | 67.5% - 112.5% | 27 | ||||||||
Somesha (Education) Loan | 16.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 10.0% upfront | 34% - 44% | 45.6% - 59.7% | 33 | ||||||||
Asset Loan | 22.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 15.0% upfront | 42.7% - 46.9% | 61% - 71.9% | 34 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
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