| Number borrowers | 10,138 |
| Loan Amount (range) | KHR 700,000 - 4,000,000 |
| Loan Term (range) | 2 - 12 |
| Other Services (text summary) | Tech Asst Visits, Business Training, Other Training, Social training (HIV, human rights), Skills training (cooking, cake making) |
| Annual Interest & Method | 39.0% annual, Decl Bal |
| Fees | |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% ongoing |
| Range of pricing | |
| Interest Price Component | 36.0% - 42.2% |
| Fee Component | 0 - 5.9% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 46.3% - 48.1% |
| Transparency Index (min/max) | 66 - 88 |
| Transparency Index (average) | 83 |
| 125 |
| RWF 1,000,000 - 5,000,000 |
| 13 - 36 |
| Credit Educ |
| 19.00% annual, Decl Bal |
| 2 fees |
| 0.17%-5.58% upfront |
| 18.00% fees |
| 20.00% upfront |
| 15.5% - 55.5% |
| 1.5% - 10.6% |
| 0 - 0.5% |
| 0.3% - 1.9% |
| 30.3% - 37.4% |
| 42 - 92 |
| 57 |
| Outstanding portfolio (KHR) | KHR 10,256,338,268 |
| Portfolio (USD) | USD 2,596,541.33 |
| Active Clients with Loans | 10,138 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Business training | x |
| Other training | x |
| Other | Social training (HIV, human rights) |
| Other (2) | Skills training (cooking, cake making) |
| 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 | 14 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (RWF) | RWF 218,924,812 |
| Portfolio (USD) | USD 347,500 |
| Active Clients with Loans | 125 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Credit Agricole Avec Subvention RIF2 |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Autrest Immobilisations |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Ngororero, Nyabihu, Rubavu, Rutsiro |
| Currency | KHR |
| Minimum loan size | KHR 700,000 |
| Maximum loan size | 4,000,000 |
| Loans less than KHR 1,000,000 | 50% |
| KHR 1,000,000-3,500,000 | 50% |
| KHR 3,500,000-6,000,000 | 0 |
| KHR 6,000,000-8,000,000 | 0 |
| KHR 8,000,000-10,000,000 | 0 |
| Greater than KHR 10,000,000 | 0 |
| Shortest loan term | 2.0 months |
| Longest loan term | 12.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 90% |
| 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 | |
| Irregular payments |
| Currency | RWF |
| Minimum loan size | RWF 1,000,000 |
| 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 | 13.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 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 | 90% |
| 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 | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 3.25% |
| Highest quoted nominal interest | 3.25% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 4,000 |
| Fixed amount - max | 0 |
| Reason for variation | Loans <400,000 = 4000. Loans > 400,000 = 2% |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Prior to March 2013 was 15%. Deposit interest rate decreases with account balance. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 19.00% |
| Highest quoted nominal interest | 19.00% |
| 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 Fee | Paper Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 600 | |
| Fixed amount - max | 0 | 600 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 0.17% |
| % of loan amount - max | 5.58% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on client age & loan term |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | KHR 700,000 | KHR 1,200,000 | KHR 2,500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-04 | 2013-03-06 | 2012-08-20 | ||
| Loan Term (Months) | 11.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 1.4 months | 0.0 months | -0.2 months | ||
| Total Cost of Credit | KHR 147,700 | KHR 280,500 | KHR 540,000 | ||
| True Price by Comp | |||||
| Interest price component | 38.6% | 39.0% | 38.9% | ||
| Fee Component | 4.6% | 4.2% | 2.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 4.9% | 3.4% | 5.2% | ||
| Full APR (int fee ins tax dep) | 48.1% | 46.6% | 46.3% | ||
| Transparency Index | 81 | 84 | 84 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | RWF 3,800,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-16 | 2012-02-02 | 2012-01-19 | 2012-03-26 | |||
| Loan Term (Months) | 12.0 months | 18.0 months | 25.0 months | 37.0 months | |||
| Grace Period (Months) | 1.0 month | 3.0 months | 1.4 months | 3.1 months | |||
| Total Cost of Credit | RWF 129,915.40 | RWF 383,098.40 | RWF 699,647.80 | RWF 1,273,860.50 | |||
| True Price by Comp | |||||||
| Interest price component | 18.8% | 18.6% | 18.8% | 18.5% | |||
| Fee Component | 4.1% | 2.5% | 2.1% | 1.5% | |||
| Insurance Component | 0.5% | 0.2% | 0.5% | 0.2% | |||
| Tax Component | 0.8% | 0.5% | 0.5% | 0.3% | |||
| Deposit Component | 13.2% | 10.2% | 11.5% | 9.8% | |||
| Full APR (int fee ins tax dep) | 37.4% | 32.0% | 33.4% | 30.3% | |||
| Transparency Index | 51 | 59 | 57 | 63 | |||
| 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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