| Number borrowers | 544 |
| Loan Amount (range) | USD 1,000 - 15,000 |
| Loan Term (range) | 10 - 72 |
| Other Services (text summary) | Credit Ins, Other Training, Asistencia Tecnica Constructiva |
| Annual Interest & Method | 16.0%-30.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.40%-2.88% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.8% - 36.7% |
| Fee Component | 0 - 1.5% |
| Insurance Component | 0 - 0.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 20.3% - 30.0% |
| Transparency Index (min/max) | 52 - 94 |
| Transparency Index (average) | 65 |
| 13,750 |
| RWF 1,000,000 - 50,000,000 |
| 36 - 60 |
| Credit Educ |
| 13.00%-13.50% annual, Decl Bal |
| 2 fees |
| None |
| None |
| 10.00% upfront |
| N/A |
| 13.1% - 14.4% (Int+Fee) |
| 0 |
| 0 |
| 15.6% - 17.3% |
| 26 - 83 |
| 78 |
| Outstanding portfolio (USD) | USD 1,424,716.26 |
| Portfolio (USD) | USD 1,424,716.26 |
| Active Clients with Loans | 544 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | No se puede usar para negocio |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Asistencia Tecnica Constructiva |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
| Outstanding portfolio (RWF) | RWF 10,000,000,000 |
| Portfolio (USD) | USD 15,625,000 |
| Active Clients with Loans | 13,750 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Businesses, Cooperatives |
| 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 | |
| Must be specific age group | |
| Other | Only members - soldiers, police officers, veterans |
| Other (2) | Spouses and widows of these groups |
| # Regions for this institution | 11 |
| # Regions for this product | 13 |
| Regions Active | Bugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge, Rubavu, Rwamagana |
| Currency | USD |
| Minimum loan size | USD 1,000 |
| Maximum loan size | 15,000 |
| Loans less than USD 1,500 | 5% |
| USD 1,500-5,000 | 60% |
| USD 5,000-10,000 | 30% |
| USD 10,000-15,000 | 5% |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 10.0 months |
| Longest loan term | 72.0 months |
| Approx average | 40.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | RWF |
| Minimum loan size | RWF 1,000,000 |
| Maximum loan size | 50,000,000 |
| Loans less than RWF 500,000 | 0 |
| RWF 500,000-1,500,000 | 10% |
| RWF 1,500,000-2,500,000 | 20% |
| RWF 2,500,000-3,500,000 | 20% |
| RWF 3,500,000-4,500,000 | 20% |
| Greater than RWF 4,500,000 | 20% |
| Shortest loan term | 36.0 months |
| Longest loan term | 60.0 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 | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 | 16.00% |
| Highest quoted nominal interest | 30.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, 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 | Yes |
| Ins 1 | |
|---|---|
| Description | El Cliente Seguro de Vida |
| % of loan amount - min | 0.40% |
| % of loan amount - max | 2.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo del préstamo pendiente. |
| 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 | 13.00% |
| Highest quoted nominal interest | 13.50% |
| Reason(s) why interest rate varies | Government funding requires subsidized rates, used for investment in agriculture. |
| 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 | Loan Analysis | |
| % of loan amount - min | 1.00% | 0 | |
| % of loan amount - max | 1.00% | 0 | |
| OR, Fixed amount - min | 0 | 2,000 | |
| Fixed amount - max | 0 | 2,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 3,000 | USD 3,550 | USD 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-09-10 | 2013-12-15 | 2014-04-01 | ||
| Loan Term (Months) | 18.0 months | 24.0 months | 37.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | USD 624.98 | USD 1,229.61 | USD 1,578.67 | ||
| True Price by Comp | |||||
| Interest price component | 24.2% | 29.5% | 19.8% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.4% | 0.5% | 0.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 24.6% | 30.0% | 20.3% | ||
| Transparency Index | 65 | 53 | 79 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 1,100,000 | RWF 1,990,444 | RWF 3,000,000 | RWF 4,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 0 | 0 | 0 | 0 | |||
| Disbursement Date | 2010-12-01 | 2010-10-14 | 2011-03-15 | 2010-11-26 | |||
| Loan Term (Months) | 60.0 months | 48.0 months | 60.0 months | 60.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 14.1% | 14.4% | 13.7% | 13.1% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 2.7% | 2.9% | 2.6% | 2.5% | |||
| Full APR (int fee ins tax dep) | 16.8% | 17.3% | 16.3% | 15.6% | |||
| Transparency Index | 78 | 75 | 80 | 83 | |||
| 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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