| Number borrowers | 886 |
| Loan Amount (range) | KES 5,000 - 10,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | |
| Annual Interest & Method | 22.5% annual, Flat |
| Fees | 400.00-0.00 upfront |
| Insurance | 1.50% upfront |
| Tax | None |
| Comp Dep | 10.0%-15.0% upfront 100.00 ongoing |
| Range of pricing | |
| Interest Price Component | 33.6% - 40.3% |
| Fee Component | 0 - 10.6% |
| Insurance Component | 0 - 4.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 84.6% - 85.1% |
| Transparency Index (min/max) | 24 - 56 |
| Transparency Index (average) | 26 |
| 63,528 |
| PKR 10,000 - 150,000 |
| 3 - 14 |
| Group Mtgs, Credit Ins |
| 26.0%-38.4% annual, Decl Bal |
| 230.00-980.00 upfront |
| None |
| 16.00% fees |
| N/A |
| 4.0% - 41.0% |
| 0.4% - 8.6% |
| 0 |
| 0 - 0.9% |
| 29.1% - 33.9% |
| 0 - N/A |
| N/A |
| Outstanding portfolio (KES) | KES 8,351,429.17 |
| Portfolio (USD) | USD 100,862.67 |
| Active Clients with Loans | 886 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Coast |
| Outstanding portfolio (PKR) | PKR 1,588,972,116 |
| Portfolio (USD) | USD 16,214,001.18 |
| Active Clients with Loans | 63,528 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0 |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Has owned or contracted cultivation land and has experience of cultivation |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 10,000 |
| Loans less than KES 50,000 | 100% |
| KES 50,000-150,000 | 0 |
| 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 | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | PKR |
| Minimum loan size | PKR 10,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 60% |
| PKR 25,000-50,000 | 30% |
| PKR 50,000-75,000 | 5% |
| PKR 75,000-150,000 | 5% |
| Greater than PKR 150,000 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 14.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 20% |
| 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 | x |
| Irregular payments |
| Lowest quoted nominal interest | 22.50% |
| Highest quoted nominal interest | 22.50% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Application Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 400 |
| Fixed amount - max | 0 |
| Reason for variation | KES 400 Minimum |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Emergency Fund |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10% |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 38.40% |
| Reason(s) why interest rate varies | Branch, Loan repayment type (Bullet and Installment) |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 230 |
| Fixed amount - max | 980 |
| Reason for variation | The Fee structure in GBC is based on slabs, whereas in other parts of the country it is fixed as PKR 696/- Insurance fee is part of the processing fee |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 16% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 10,000 | KES 10,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-22 | 2013-07-24 | 2013-07-18 | ||
| Loan Term (Months) | 9.0 months | 12.0 months | 9.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
| Total Cost of Credit | KES 2,237.50 | KES 2,800 | KES 2,237.50 | ||
| True Price by Comp | |||||
| Interest price component | 39.5% | 40.3% | 39.5% | ||
| Fee Component | 10.6% | 8.4% | 10.6% | ||
| Insurance Component | 4.1% | 3.3% | 4.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 30.4% | 33.1% | 30.4% | ||
| Full APR (int fee ins tax dep) | 84.6% | 85.1% | 84.6% | ||
| Transparency Index | 26 | 26 | 26 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PKR 10,000 | PKR 30,000 | PKR 50,000 | PKR 100,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-03-21 | 2013-03-21 | 2013-03-21 | 2013-06-29 | |||
| Loan Term (Months) | 8.0 months | 8.0 months | 8.0 months | 10.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | PKR 2,075 | PKR 5,766 | PKR 9,257 | PKR 27,348 | |||
| True Price by Comp | |||||||
| Interest price component | 27.1% | 27.1% | 27.1% | 32.8% | |||
| Fee Component | 6.5% | 3.4% | 2.0% | 1.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.1% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 33.6% | 30.5% | 29.1% | 33.9% | |||
| Transparency Index | N/A | N/A | N/A | N/A | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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