Number borrowers | 4,936 |
Loan Amount (range) | BOB 1,400 - 350,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 15.0%-28.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront |
Insurance | 0.24%-2.88% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 15.0% - 34.0% |
Fee Component | 0.9% - 5.5% |
Insurance Component | 0.9% - 1.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 23.9% - 33.0% |
Transparency Index (min/max) | 43 - 82 |
Transparency Index (average) | 52 |
52 |
RWF 500,000 - 1,500,000 |
1 |
Credit Educ, Credit Ins, Business Training |
96.00% annual, Decl Bal |
None |
None |
None |
N/A |
21.3% - 93.8% |
0 - 2.7% |
0 - 0.6% |
0 - 0.6% |
93.8% |
0 |
100 |
Outstanding portfolio (BOB) | BOB 98,048,774 |
Portfolio (USD) | USD 14,525,744.30 |
Active Clients with Loans | 4,936 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
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 | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (RWF) | RWF 38,000,000 |
Portfolio (USD) | USD 63,333 |
Active Clients with Loans | 52 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
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 | 10 |
# Regions for this product | 10 |
Regions Active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
Currency | BOB |
Minimum loan size | BOB 1,400 |
Maximum loan size | 350,000 |
Loans less than BOB 10,000 | 5% |
BOB 10,000-40,000 | 60% |
BOB 40,000-70,000 | 10% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 10% |
Greater than BOB 125,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 19.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 20% |
Longer than 18 months | 60% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | RWF |
Minimum loan size | RWF 500,000 |
Maximum loan size | 1,500,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 100% |
RWF 1,500,000-2,500,000 | 0 |
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 | 1.0 month |
Longest loan term | 1.0 month |
Approx average | 1.0 month |
Loans 3 months or less | 100% |
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 | 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 | x |
Irregular payments |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral |
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 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 2.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
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 | 8.00% |
Highest quoted nominal interest | 8.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 1,500 | BOB 17,000 | BOB 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-06-25 | 2014-03-06 | 2014-03-06 | ||
Loan Term (Months) | 6.0 months | 8.0 months | 12.0 months | ||
Grace Period (Months) | 2.3 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 201.74 | BOB 1,988.55 | BOB 3,917.12 | ||
True Price by Comp | |||||
Interest price component | 26.4% | 24.9% | 20.0% | ||
Fee Component | 5.2% | 4.2% | 2.9% | ||
Insurance Component | 1.4% | 1.6% | 1.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 33.0% | 30.7% | 23.9% | ||
Transparency Index | 45 | 49 | 63 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 500,000 | RWF 1,000,000 | RWF 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-09-10 | 2012-09-10 | 2012-09-10 | 2012-09-10 | |||
Loan Term (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
Total Cost of Credit | RWF 40,000 | RWF 40,000 | RWF 80,000 | RWF 80,000 | |||
True Price by Comp | |||||||
Interest price component | 93.8% | 93.8% | 93.8% | 93.8% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 93.8% | 93.8% | 93.8% | 93.8% | |||
Transparency Index | 0 | 0 | 0 | 0 | |||
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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