2. INMAA
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  2. KADET
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Institution

Institution Marocaine d'Appui la Micro Entreprise Angle rue Maamora et rue reine Elisabeth IIImmeuble Nafora, Appartement 2Kénitra14000
Data approved: 2013-04-24
Data version: 1
Age of data: 128 months

Institution

Kenya Agency for Development & Enterprise Technology P.O. Box 1676Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 135 months
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Product

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Product

Agriculture Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers561
Loan Amount (range)MAD 5,000 - 20,000
Loan Term (range)4 - 24
Other Services (text summary)
Annual Interest & Method24.0% annual, Flat
Fees1.00% upfront
Insurance22.00-34.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component40.4% - 43.2%
Fee Component2.0% - 3.8%
Insurance Component0.3% - 6.2%
Tax Component Range0
Full APR (int fee ins tax dep)43.0% - 45.2%
Transparency Index (min/max)47 - 56
Transparency Index (average)54

Product Summary

702
KES 5,000 - 1,000,000
3 - 24
Credit Ins, Tech Asst Visits
18.0%-22.0% annual, Flat
3.00% upfront
1.20% upfront
None
20.0%-30.0% upfront 400.00 ongoing
 
19.3% - 39.1%
3.3% - 11.5%
1.4% - 4.7%
0
35.3% - 40.9%
17 - 51
47

Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 4,131,906
Portfolio (USD)USD 486,106.59
Active Clients with Loans561
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Produit Individuel destin? aux AGR et aux microentrepreneurs
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
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 institution5
# Regions for this product5
Regions ActiveRabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt

Product Details

Key Statistics
Outstanding portfolio (KES)KES 40,091,409
Portfolio (USD)USD 484,195.76
Active Clients with Loans702
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This is a seasonal crop credit for farmers and entrepreneurs trading in agricultural produce. Payment is referred to as a balloon payment and is popular with rural farmers.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution7
# Regions for this product7
Regions ActiveCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 5,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,0000
MAD 5,000-15,00050%
MAD 15,000-25,00050%
MAD 25,000-35,0000
MAD 35,000-45,0000
Greater than MAD 45,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months60%
Between 13 and 18 months20%
Longer than 18 months10%
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
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00050%
KES 150,000-250,00010%
KES 250,000-350,00010%
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months50%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFrais de Dossier
% 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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionDécès, Invalidité
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min22
Fixed amount - max34
Reason for variation(Moins 5 000 - Assurances Annuel 22MAD/entre 5 000 et 10 000 - Assurances Annuel 28MAD/ Plus 10 000 -Assurances Annuel 34 MAD)
Appears on Repayment Sched?No
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?No

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest22.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Application Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
Ins 1
DescriptionAnnual Loan Protection Fee
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaUpfront: Sol group loans =20%. Individual loans =30%.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - 30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 400
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Anamaa samples
Sample 1Sample 2Sample 3
Loan AmountMAD 5,000MAD 10,000MAD 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-262013-03-262013-03-05
Loan Term (Months)10.0 months12.0 months12.0 months
Grace Period (Months)-0.1 months-0.1 months0.1 months
Total Cost of CreditMAD 1,078MAD 2,534MAD 5,034
True Price by Comp     
Interest price component41.5%41.6%40.7%
Fee Component2.4%2.0%2.0%
Insurance Component1.3%0.7%0.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.2%44.3%43.0%
Transparency Index535456
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-112013-05-102013-05-142013-04-232013-05-28
Loan Term (Months)6.0 months12.0 months9.0 months9.0 months9.0 months
Grace Period (Months)5.1 months11.2 months8.2 months8.2 months8.2 months
Total Cost of CreditKES 1,395KES 6,550KES 10,350.03KES 20,700KES 62,100
True Price by Comp         
Interest price component19.3%21.7%21.6%21.7%21.7%
Fee Component6.3%3.3%4.4%4.4%4.4%
Insurance Component2.6%1.4%1.7%1.7%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.2%10.3%8.5%13.1%7.4%
Full APR (int fee ins tax dep)40.4%36.7%36.2%40.9%35.3%
Transparency Index4549504451
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Anamaa Price Graphs


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Agriculture Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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