Number borrowers | 32,872 |
Loan Amount (range) | USD 50 - 1,000 |
Loan Term (range) | 3 - 15 |
Other Services (text summary) | |
Annual Interest & Method | 30.0%-36.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 21.4% - 34.8% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 30.0% - 34.8% |
Transparency Index (min/max) | 70 - 101 |
Transparency Index (average) | 93 |
568 |
RWF 12,000 - 5,000,000 |
3 - 36 |
Credit Educ |
30.00% annual, Decl Bal |
2 fees |
0.05%-5.58% upfront |
18.00% fees |
20.00% upfront |
15.5% - 55.5% |
1.5% - 10.6% |
0 - 0.5% |
0.3% - 1.9% |
45.9% - 72.1% |
42 - 92 |
53 |
Outstanding portfolio (USD) | USD 14,489,013.87 |
Portfolio (USD) | USD 14,489,013.87 |
Active Clients with Loans | 32,872 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Outstanding portfolio (RWF) | RWF 209,648,520 |
Portfolio (USD) | USD 332,775 |
Active Clients with Loans | 568 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
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 | |
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 | 2 |
# Regions for this product | 4 |
Regions Active | Ngororero, Nyabihu, Rubavu, Rutsiro |
Currency | USD |
Minimum loan size | USD 50 |
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 | 15.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 20% |
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 | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | RWF |
Minimum loan size | RWF 12,000 |
Maximum loan size | 5,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 15% |
RWF 1,500,000-2,500,000 | 15% |
RWF 2,500,000-3,500,000 | 15% |
RWF 3,500,000-4,500,000 | 15% |
Greater than RWF 4,500,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 10% |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose, High credit risk level = higher interest rate |
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 |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | 0.05% |
% of loan amount - max | 5.58% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age and 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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 50 | USD 150 | USD 300 | USD 600 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-22 | 2013-03-04 | 2013-05-17 | 2013-05-30 | |||
Loan Term (Months) | 10.0 months | 12.0 months | 6.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | -0.4 months | |||
Total Cost of Credit | USD 7.02 | USD 27.98 | USD 25.96 | USD 108.03 | |||
True Price by Comp | |||||||
Interest price component | 30.0% | 34.8% | 30.1% | 34.8% | |||
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) | 30.0% | 34.8% | 30.1% | 34.8% | |||
Transparency Index | 100 | 86 | 100 | 86 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 450,000 | RWF 1,000,000 | RWF 1,500,000 | RWF 5,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 12 | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-05-23 | 2012-03-20 | 2012-03-22 | 2012-10-08 | 2012-10-05 | ||||
Loan Term (Months) | 12.0 months | 6.0 months | 11.0 months | 24.0 months | 12.0 months | ||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 3.1 months | 3.1 months | ||||
Total Cost of Credit | RWF 47,906.60 | RWF 51,308.34 | RWF 187,415.40 | RWF 545,386.70 | RWF 1,069,660 | ||||
True Price by Comp | |||||||||
Interest price component | 29.5% | 29.4% | 15.5% | 28.9% | 29.0% | ||||
Fee Component | 4.6% | 7.7% | 4.4% | 2.2% | 3.4% | ||||
Insurance Component | 0.4% | 0.4% | 0.5% | 0.2% | 0.5% | ||||
Tax Component | 1.0% | 1.5% | 0.9% | 0.4% | 0.7% | ||||
Deposit Component | 18.4% | 19.4% | 50.8% | 14.2% | 14.1% | ||||
Full APR (int fee ins tax dep) | 53.9% | 58.4% | 72.1% | 45.9% | 47.7% | ||||
Transparency Index | 56 | 51 | 42 | 65 | 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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By Country | ||||||
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