| 187 |
| RWF 100,000 - 10,000,000 |
| 4 - 36 |
| 15.00%-60.00% annual, Flat |
| 2 fees |
| 0.12%-10.45% upfront |
| 18.00% fees |
| 20.00% upfront |
| 22.9% - 57.1% |
| 2.1% - 24.7% |
| 0 - 0.8% |
| 0.5% - 4.7% |
| 43.3% - 96.6% |
| 16 - 53 |
| 24 |
| Outstanding portfolio (RWF) | RWF 212,882,269 |
| Portfolio (USD) | USD 337,908 |
| Active Clients with Loans | 187 |
| Approximate % Female Clients | 0% - 20% |
| 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 | x |
| Women | |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 5 |
| Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
| Currency | RWF |
| Minimum loan size | RWF 100,000 |
| Maximum loan size | 10,000,000 |
| Loans less than RWF 500,000 | 10% |
| RWF 500,000-1,500,000 | 10% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 10% |
| RWF 3,500,000-4,500,000 | 10% |
| Greater than RWF 4,500,000 | 10% |
| Shortest loan term | 4.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 10% |
| 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 | 15.00% |
| Highest quoted nominal interest | 60.00% |
| Reason(s) why interest rate varies | 15% flat for LT (> 4months). 54% flat for monthly ST (< 3 months). 60% flat for single-end ST (< 3months). |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission Fee | Loan Application & Collateral Visit Fee | |
| % of loan amount - min | 1.50% | 0 | |
| % of loan amount - max | 1.50% | 0 | |
| OR, Fixed amount - min | 0 | 15,000 | |
| Fixed amount - max | 0 | 15,000 | |
| Reason for variation | VAT Excluded | LA=10,000RWF, CV=5,000RWF | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Commission on Insurance |
| % of loan amount - min | 0.12% |
| % of loan amount - max | 10.45% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Varies according to client age & loan duration |
| 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 | 0 |
| 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 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 300,000 | RWF 500,000 | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2012-06-20 | 2012-10-11 | 2012-05-31 | 2012-04-30 | 2012-03-30 | 2012-06-13 | |||||
| Loan Term (Months) | 12.0 months | 3.1 months | 7.0 months | 12.0 months | 18.0 months | 24.0 months | |||||
| Grace Period (Months) | 1.0 month | 3.1 months | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||||
| Total Cost of Credit | RWF 69,008.99 | RWF 102,548.87 | RWF 71,798.60 | RWF 188,729.96 | RWF 504,749.64 | RWF 990,868.26 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 26.3% | 55.5% | 25.1% | 26.2% | 26.3% | 26.3% | |||||
| Fee Component | 13.1% | 18.3% | 14.1% | 5.9% | 2.4% | 2.1% | |||||
| Insurance Component | 0.5% | 0.7% | 0.8% | 0.6% | 0.8% | 0.6% | |||||
| Tax Component | 2.6% | 3.5% | 2.8% | 1.1% | 0.6% | 0.5% | |||||
| Deposit Component | 21.9% | 18.6% | 21.4% | 17.2% | 14.6% | 13.8% | |||||
| Full APR (int fee ins tax dep) | 64.4% | 96.6% | 64.2% | 51.0% | 44.7% | 43.3% | |||||
| Transparency Index | 23 | 16 | 23 | 29 | 34 | 35 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| 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 | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
