Number borrowers | 1,074 |
Loan Amount (range) | USD 50 - 5,000 |
Loan Term (range) | 4 - 36 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 29.0%-36.0% annual, Decl Bal |
Fees | None |
Insurance | 0.24%-2.16% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 19.1% - 36.0% |
Fee Component | 0 |
Insurance Component | 0.6% - 0.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 30.9% - 35.7% |
Transparency Index (min/max) | 52 - 95 |
Transparency Index (average) | 77 |
38,500 |
RWF 100,000 - 5,000,000 |
3 - 36 |
Credit Educ |
15.00% annual, Decl Bal |
2 fees |
None |
None |
30.00% upfront |
N/A |
14.2% - 39.9% (Int+Fee) |
0 |
0 |
24.7% - 57.5% |
26 - 83 |
41 |
Outstanding portfolio (USD) | USD 758,509 |
Portfolio (USD) | USD 758,509 |
Active Clients with Loans | 1,074 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Beni , Santa Cruz |
Outstanding portfolio (RWF) | RWF 28,000,000,000 |
Portfolio (USD) | USD 43,750,000 |
Active Clients with Loans | 38,500 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | Medicals bills, Insurance |
Other (2) | Marriage |
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 50 |
Maximum loan size | 5,000 |
Loans less than USD 1,500 | 80% |
USD 1,500-5,000 | 20% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 19.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 40% |
Longer than 18 months | 40% |
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 |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 5,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 15% |
Longer than 18 months | 40% |
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 | 29.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
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 | Pago de seguro de desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 2.16% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
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 | 15.00% |
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 | Some |
Criteria | Security deposit required is a factor of other collateral available & earning capacity over time. At least 30% of loan amount required as savings if no other collateral. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 30.00% |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 500 | USD 800 | USD 1,600 | USD 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-12-27 | 2013-12-27 | 2013-10-01 | 2013-10-01 | |||
Loan Term (Months) | 10.0 months | 19.0 months | 11.0 months | 30.0 months | |||
Grace Period (Months) | 0.3 months | 0.3 months | 0.5 months | 0.0 months | |||
Total Cost of Credit | USD 88.97 | USD 234.21 | USD 304.43 | USD 2,267.11 | |||
True Price by Comp | |||||||
Interest price component | 34.0% | 32.0% | 34.9% | 30.0% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.7% | 0.8% | 0.8% | 0.9% | |||
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) | 34.7% | 32.8% | 35.7% | 30.9% | |||
Transparency Index | 66 | 70 | 81 | 94 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 300,000 | RWF 600,000 | RWF 1,200,000 | RWF 2,000,000 | RWF 3,065,549 | |||||
Loan Cycle (1, 2, 3, etc) | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Disbursement Date | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-22 | 2011-03-02 | |||||
Loan Term (Months) | 25.0 months | 2.0 months | 31.0 months | 61.0 months | 25.0 months | 85.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 19.0% | 39.9% | 16.9% | 15.9% | 17.0% | 14.2% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 19.2% | 17.6% | 16.3% | 12.8% | 17.0% | 10.5% | |||||
Full APR (int fee ins tax dep) | 38.1% | 57.5% | 33.2% | 28.8% | 34.0% | 24.7% | |||||
Transparency Index | 39 | 26 | 45 | 52 | 44 | 61 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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