| Number borrowers | 1,677 |
| Loan Amount (range) | USD 150 - 1,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | |
| Annual Interest & Method | 14.4% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 14.3% - 38.4% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 14.3% - 14.4% |
| Transparency Index (min/max) | 58 - 112 |
| Transparency Index (average) | 100 |
| 68 |
| RWF 500,000 - 5,000,000 |
| 12 - 36 |
| Credit Educ |
| 16.00%-18.00% annual, Decl Bal |
| 2 fees |
| None |
| None |
| 25.00% upfront |
| 15.0% - 46.2% |
| 0.9% - 29.9% |
| 0 - 0.6% |
| 0 |
| 38.9% - 48.6% |
| 33 - 182 |
| 38 |
| Outstanding portfolio (USD) | USD 539,745 |
| Portfolio (USD) | USD 539,745 |
| Active Clients with Loans | 1,677 |
| Approximate % Female Clients | 20% - 40% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 18 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Outstanding portfolio (RWF) | RWF 57,822,966 |
| Portfolio (USD) | USD 91,782 |
| Active Clients with Loans | 68 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | x |
| 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 | 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 | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge |
| Currency | USD |
| Minimum loan size | USD 150 |
| Maximum loan size | 1,000 |
| Loans less than USD 250 | 10% |
| USD 250-1,000 | 90% |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 0 |
| USD 2,000-2,500 | 0 |
| Greater than USD 2,500 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 20.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| Grace period usage | 70% |
| Average grace period | 2.0 months |
| 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 500,000 |
| Maximum loan size | 5,000,000 |
| Loans less than RWF 500,000 | 0 |
| 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 | 20% |
| Greater than RWF 4,500,000 | 20% |
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 20% |
| 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 | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.20% |
| Highest quoted nominal interest | 1.20% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| 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 |
| Lowest quoted nominal interest | 16.00% |
| Highest quoted nominal interest | 18.00% |
| Reason(s) why interest rate varies | 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 |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission Fee | Processing Fee | |
| % of loan amount - min | 1.00% | 1.50% | |
| % of loan amount - max | 1.00% | 1.50% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| 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 | 25.00% |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 600 | USD 700 | USD 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-07 | 2012-09-20 | 2012-12-05 | ||
| Loan Term (Months) | 25.0 months | 19.0 months | 24.0 months | ||
| Grace Period (Months) | 3.4 months | 2.9 months | 3.0 months | ||
| Total Cost of Credit | USD 102.70 | USD 94.59 | USD 166.94 | ||
| True Price by Comp | |||||
| Interest price component | 14.4% | 14.4% | 14.3% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 14.4% | 14.4% | 14.3% | ||
| Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 5,000,000 | RWF 5,000,000 | RWF 3,500,000 | RWF 1,250,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 1 | 0 | 3 | |||
| Disbursement Date | 2012-07-11 | 2012-07-06 | 2012-07-19 | 2012-08-01 | |||
| Loan Term (Months) | 37.0 months | 37.0 months | 37.0 months | 13.0 months | |||
| Grace Period (Months) | 0.1 months | 0.0 months | 1.8 months | 0.5 months | |||
| Total Cost of Credit | RWF 2,186,904 | RWF 2,186,904 | RWF 1,530,840 | RWF 218,750 | |||
| True Price by Comp | |||||||
| Interest price component | 22.9% | 23.7% | 22.8% | 24.5% | |||
| Fee Component | 1.8% | 1.9% | 1.7% | 4.6% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 14.5% | 15.4% | 14.4% | 19.5% | |||
| Full APR (int fee ins tax dep) | 39.2% | 41.0% | 38.9% | 48.6% | |||
| Transparency Index | 41 | 39 | 41 | 33 | |||
| 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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