338 |
RWF 300,000 - 2,000,000 |
6 - 12 |
12.96% annual, Flat |
1.00% upfront |
0.09%-1.12% upfront |
18.00% fees |
20.00% upfront |
16.7% - 48.1% |
0.7% - 4.8% |
0.4% - 2.8% |
0.1% - 1.2% |
49.2% - 83.5% |
0 - 95 |
18 |
Outstanding portfolio (USD) | USD 54,848 |
Portfolio (USD) | USD 54,848 |
Active Clients with Loans | 29 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (RWF) | RWF 154,736,132 |
Portfolio (USD) | USD 245,613 |
Active Clients with Loans | 338 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
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 | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be a COOPEDU member for at least 1 month. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 4 |
Regions Active | Gasabo, Kicukiro, Nyarugenge, Rwamagana |
Currency | RWF |
Minimum loan size | RWF 300,000 |
Maximum loan size | 2,000,000 |
Loans less than RWF 500,000 | 30% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 40% |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
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 | |
Irregular payments |
Lowest quoted nominal interest | 1.08% |
Highest quoted nominal interest | 1.08% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission sur credit |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit |
% of loan amount - min | 0.09% |
% of loan amount - max | 1.12% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on age, loan amount, loan term |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2012-05-31 | 2012-02-09 | 2012-02-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
Total Cost of Credit | RWF 72,245.20 | RWF 144,486.40 | RWF 288,980.80 | ||
True Price by Comp | |||||
Interest price component | 22.8% | 23.0% | 23.0% | ||
Fee Component | 1.9% | 2.0% | 2.0% | ||
Insurance Component | 0.5% | 0.4% | 0.4% | ||
Tax Component | 0.4% | 0.4% | 0.4% | ||
Deposit Component | 50.5% | 57.7% | 23.4% | ||
Full APR (int fee ins tax dep) | 76.1% | 83.5% | 49.2% | ||
Transparency Index | 17 | 16 | 26 | ||
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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