Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Kenya Geomaps CenterMatumbato Road, Upper HillNairobi
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 

Product

Msingi Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 190,000,000
Portfolio (USD)USD 2,294,685.99
Active Clients with Loans6,500
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other20 - 40 members
Description
Given to large groups between 20 and 40 members. Customers must have been in business for at least 12 months. No lease agreements or other documents are required. The group and the loan officer assess the capacity of the loan.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherFire/burglary insurance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherIn business for a minium of 12 months
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size500,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesBranch, Time as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.20%
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
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100 - N/A
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0.01%
Maximum interest rate paid0.01%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
1st cycle loan: 20% compulsory savings. 2nd cycle loan onwards: 25% compulsory savings. Customers receive additional bonuses dependent upon performance.

Full Pricing Data

Msingi Loan samples
No sample data for this product
Msingi Loan Price Graphs
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Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Malawi Rural Finance Company Limited Off Paul Kagame RoadPrivate Bag 39Lilongwe
Data approved: 2012-11-15
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1993
Head of InstitutionPatson Kuntambila
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje
# Branches147

Total Portfolio (nat'l)MWK 185
Total Portfolio (USD)USD 0.47
Active clients with loans1,772
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsMMFN, Micro Credit Summit
Funders

Loan Products » Summary

Retired Product
Retired Product
This institution does not currently offer microloans, reported to MFTransparency on 2012-11-15
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Key Statistics
# Samples:
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# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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