Number borrowers | 987 |
Loan Amount (range) | BOB 3,500 - 843,200 |
Loan Term (range) | 12 - 96 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 17.0%-25.0% annual, Decl Bal |
Fees | None |
Insurance | 0.60%-4.80% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 16.1% - 26.7% |
Fee Component | 0 - 1.0% |
Insurance Component | 0 - 1.1% |
Tax Component Range | 0 - 0.2% |
Full APR (int fee ins tax dep) | 18.8% - 23.0% |
Transparency Index (min/max) | 59 - 97 |
Transparency Index (average) | 81 |
67 |
RWF 50,000 - 3,000,000 |
3 - 24 |
Credit Educ |
15.00%-24.00% annual, Decl Bal |
2 fees |
None |
None |
N/A |
15.0% - 46.2% |
0.9% - 29.9% |
0 - 0.6% |
0 |
15.9% - 28.2% |
33 - 182 |
61 |
Outstanding portfolio (BOB) | BOB 28,991,985 |
Portfolio (USD) | USD 4,295,108.89 |
Active Clients with Loans | 987 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
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 | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (RWF) | RWF 36,398,078 |
Portfolio (USD) | USD 57,775 |
Active Clients with Loans | 67 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Group meetings | |
Credit insurance | |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Currency | BOB |
Minimum loan size | BOB 3,500 |
Maximum loan size | 843,200 |
Loans less than BOB 10,000 | 15% |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 15% |
BOB 100,000-125,000 | 15% |
Greater than BOB 125,000 | 15% |
Shortest loan term | 12.0 months |
Longest loan term | 96.0 months |
Approx average | 48.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 60% |
Grace period usage | 10% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | x |
Irregular payments | x |
Currency | RWF |
Minimum loan size | RWF 50,000 |
Maximum loan size | 3,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 30% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 13.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
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 | |
Irregular payments |
Lowest quoted nominal interest | 17.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.60% |
% of loan amount - max | 4.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | El costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo. |
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? | No |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | 1 year = 15%, above 1 year = 24% |
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 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Processing Fee | |
% of loan amount - min | 1.00% | 0.50% | |
% of loan amount - max | 1.00% | 0.50% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 28,000 | BOB 42,000 | BOB 83,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-06-29 | 2013-05-04 | 2013-06-15 | ||
Loan Term (Months) | 24.0 months | 37.0 months | 61.0 months | ||
Grace Period (Months) | -0.3 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 6,531.44 | BOB 12,237.34 | BOB 44,985.57 | ||
True Price by Comp | |||||
Interest price component | 22.4% | 18.2% | 20.7% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.6% | 0.6% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.0% | 18.8% | 21.3% | ||
Transparency Index | 74 | 91 | 80 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 1,190,000 | RWF 200,000 | RWF 300,000 | RWF 1,500,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 3 | 1 | 1 | |||
Disbursement Date | 2012-09-22 | 2012-08-27 | 2012-08-28 | 2012-11-30 | |||
Loan Term (Months) | 25.0 months | 12.0 months | 15.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 1.0 month | |||
Total Cost of Credit | RWF 220,284 | RWF 32,000 | RWF 59,250 | RWF 421,368 | |||
True Price by Comp | |||||||
Interest price component | 15.0% | 26.3% | 26.4% | 24.0% | |||
Fee Component | 0.9% | 1.9% | 1.6% | 1.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 15.9% | 28.2% | 28.0% | 25.0% | |||
Transparency Index | 94 | 53 | 54 | 60 | |||
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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