| Outstanding portfolio (USD) | USD 5,683,091 |
| Portfolio (USD) | USD 5,683,091 |
| Active Clients with Loans | 2,001 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| 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 | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 20,000 |
| Loans less than USD 1,500 | 30% |
| USD 1,500-5,000 | 50% |
| USD 5,000-10,000 | 15% |
| USD 10,000-15,000 | 5% |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 48.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 40% |
| 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 | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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 | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | USD 5 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 8.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Delphin NGAMIJE |
| Regions active | 0 |
| # Branches | 13 |
| Total Portfolio (nat'l) | RWF 1,800,000,000 |
| Total Portfolio (USD) | USD 3,050,847.46 |
| Active clients with loans | 12,000 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMIR, Terrafina |
| Funders | Trovaire, International Alert, Oxfam GB, PDRCIU |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | RWF 500,000 - 2,500,000 | 12 | 60% - 80% | 0% - 20% | ||||||||||
| Credit Femme Entrepreneur Loan | RWF 600,000 - 4,000,000 | 3 - 36 | 60% - 80% | 0% - 20% | ||||||||||
| Group Solidaire Commerce Loan | RWF 500,000 - 2,500,000 | 6 - 8 | 60% - 80% | 0% - 20% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 31.2% - 33.3% | 43.6% - 47% | |||||||||||
| Credit Femme Entrepreneur Loan | 15.00%-0.00% annual, Flat | 1 Fee | 0 Ins | N/A | 25.9% - 27.9% | 26.3% - 28.2% | ||||||||||
| Group Solidaire Commerce Loan | 24.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 32.9% - 42.2% | 101% - 137.2% |
| 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 |
|---|---|---|---|---|---|---|---|
