| 266 |
| RWF 150,000 - 3,500,000 |
| 6 - 24 |
| 20.40% annual, Decl Bal |
| 1.00% upfront |
| 0.09%-6.02% upfront |
| 18.00% fees |
| N/A |
| 16.7% - 48.1% |
| 0.7% - 4.8% |
| 0.4% - 2.8% |
| 0.1% - 1.2% |
| 21.5% - 22.5% |
| 0 - 95 |
| 92 |
| Outstanding portfolio (RWF) | RWF 147,562,778 |
| Portfolio (USD) | USD 234,227 |
| Active Clients with Loans | 266 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | |
| 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 | 3 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge |
| Currency | RWF |
| Minimum loan size | RWF 150,000 |
| Maximum loan size | 3,500,000 |
| Loans less than RWF 500,000 | 20% |
| RWF 500,000-1,500,000 | 20% |
| RWF 1,500,000-2,500,000 | 30% |
| RWF 2,500,000-3,500,000 | 30% |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| 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 | 50% |
| Longer than 18 months | 30% |
| Grace period usage | 0 |
| Average grace period | 0.3 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 |
| Lowest quoted nominal interest | 1.70% |
| Highest quoted nominal interest | 1.70% |
| 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 | Commission sur credit |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Assurance sur credit |
| % of loan amount - min | 0.09% |
| % of loan amount - max | 6.02% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on age, loan amount, loan term |
| Appears on Repayment Sched? | No |
| 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? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 261,600 | RWF 487,200 | RWF 1,044,000 | RWF 2,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | |||
| Disbursement Date | 2012-03-27 | 2012-02-22 | 2012-01-26 | 2011-11-24 | |||
| Loan Term (Months) | 12.0 months | 18.0 months | 25.0 months | 18.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.3 months | 1.0 month | |||
| Total Cost of Credit | RWF 32,988.68 | RWF 88,448.61 | RWF 253,623.48 | RWF 363,100 | |||
| True Price by Comp | |||||||
| Interest price component | 19.7% | 19.9% | 19.7% | 19.8% | |||
| Fee Component | 1.9% | 1.3% | 1.1% | 1.4% | |||
| Insurance Component | 0.5% | 0.5% | 0.4% | 0.4% | |||
| Tax Component | 0.4% | 0.3% | 0.3% | 0.3% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 22.5% | 22.0% | 21.5% | 21.9% | |||
| Transparency Index | 91 | 93 | 95 | 93 | |||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
