2. CRECER
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Urwego

Institution

Crédito con Educación Rural Calle Demetrio Canelas Nro. 27 entre calles 16 y 17 de Obrajes, MurilloLa Paz, Bolivia13748
Data approved: 2013-08-15
Data version: 3
Age of data: 130 months
Choose version
  • No previous version for this product.

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 1900-01-00
Data version: 3
Age of data: -   months 
Choose version

Product

Crédito Oportuno Product 10 of 13 « Prev | Next »

Product

Micro Individual/Business Loan Product 3 of 6 « Prev | Next »

Product Summary

Number borrowers25,920
Loan Amount (range)BOB 500 - 3,000
Loan Term (range)0.7 - 16.9
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Annual Interest & Method32.1% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component16.3% - 36.0%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)32.6% - 32.7%
Transparency Index (min/max)51 - 101
Transparency Index (average)98

Product Summary

1,331
RWF 250,000 - 60,000,000
8 - 60
Business Training
10.0%-20.0% annual, Decl Bal
1.00%-2.00% upfront
1.00% upfront
18.00% fees
N/A
 
18.3% - 49.1%
1.5% - 8.1%
0 - 1.1%
0 - 1.6%
22.1% - 24.5%
30 - 81
43

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 53,371,048
Portfolio (USD)USD 7,906,821.93
Active Clients with Loans25,920
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Concedido a clientes de banca comunal destinado a financiar capital de operaciones en negocios temporales.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,170,097,119
Portfolio (USD)USD 4,953,276.75
Active Clients with Loans1,331
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is for small entrepreneurs as well as graduated clients from Community Banking groups and Solidarity Groups; a client must have a business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
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 institution30
# Regions for this product15
Regions ActiveBugesera, Gasabo, Gicumbi, Huye, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Nyabihu, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 500
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,000100%
BOB 10,000-40,0000
BOB 40,000-70,0000
BOB 70,000-100,0000
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term0.7 months
Longest loan term16.9 months
Approx average5.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size60,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0005%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,0005%
Greater than RWF 4,500,0005%
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term60.0 months
Approx average13.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months50%
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 paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest32.14%
Highest quoted nominal interest32.14%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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
This product has no upfront insurance fees
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 interest10.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife and Fire Insurance Fees
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoans <10M pay 1%, loans >10M pay matrix fee
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?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
Life and Fire insurance fees are paid to Insurance Companies.

Full Pricing Data

Crédito Oportuno samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountBOB 700BOB 800BOB 800BOB 2,000BOB 2,000BOB 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-12-052013-12-052013-12-052013-12-052013-12-052013-12-05
Loan Term (Months)5.0 months8.0 months11.0 months5.0 months8.0 months11.0 months
Grace Period (Months)0.1 months0.1 months0.1 months0.1 months0.1 months0.1 months
Total Cost of CreditBOB 58BOB 99.45BOB 132.71BOB 165.70BOB 248.64BOB 331.79
True Price by Comp           
Interest price component32.6%32.6%32.7%32.6%32.6%32.7%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.6%32.6%32.7%32.6%32.6%32.7%
Transparency Index999898999898
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Micro Individual/Business Loan samples
Sample 1Sample 2
Loan AmountRWF 5,000,000RWF 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2014-08-042014-08-28
Loan Term (Months)24.0 months37.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditRWF 1,343,277RWF 5,535,081
True Price by Comp   
Interest price component20.8%19.8%
Fee Component2.1%1.5%
Insurance Component1.1%0.4%
Tax Component0.5%0.4%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)24.5%22.1%
Transparency Index4145
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Crédito Oportuno Price Graphs


Click to view Price Analysis Tool
Micro Individual/Business Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞