2. FUNDAMIC
Please note that the information you are viewing is 175 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. UCU
Please note that the information you are viewing is 147 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACION DE AYUDA MICROEMPRESARIAL Av. 12 de Octubre N 18-42 y Queseras del MedioQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months

Institution

Union of Savings and Credit Cooperatives (UCU) NyarugengeNyamiramboKigaliPO Box 2998
Data approved: 2012-10-29
Data version: 2
Age of data: 147 months
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Product

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Product

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Product Summary

Number borrowers860
Loan Amount (range)USD 600 - 3,000
Loan Term (range)3 - 24
Other Services (text summary)Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method13.0%-29.1% annual, Decl Bal
Fees3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component29.5% (Int+Fee)
Insurance Component7.2% - 11.0%
Tax Component Range0
Full APR (int fee ins tax dep)36.7% - 37.4%
Transparency Index (min/max)35 - 62
Transparency Index (average)35

Product Summary

80
RWF 50,000 - 2,000,000
4 - 24
Credit Educ, Credit Ins, Business Training
21.60% annual, Decl Bal
None
None
18.00% fees
10.00% upfront
 
21.3% - 93.8%
0 - 2.7%
0 - 0.6%
0 - 0.6%
28.5% - 30.3%
0
74

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,122,574
Portfolio (USD)USD 1,122,574
Active Clients with Loans860
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para personas con negocio y 8 meses en el mercado. Se requiere un garante y copias de los documentos legales básicos. Debe ser visitado por un asesor u oficial de crédito en el negocio y el hogar.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 70,000,000
Portfolio (USD)USD 116,667
Active Clients with Loans80
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Loan for exclusively youth aged 24 or below, to finance their businesses including agriculture, livestock, etc.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveGakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 600
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average7.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 50,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00030%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months40%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest13.00%
Highest quoted nominal interest29.10%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest21.60%
Highest quoted nominal interest21.60%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid10.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxed
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client

Full Pricing Data

CREDITO INDIVIDUAL samples
Sample 1Sample 2
Loan AmountUSD 1,030USD 1,545
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-07-142010-05-13
Loan Term (Months)10.0 months9.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component29.5%29.5%
Insurance Component7.2%7.9%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)36.7%37.4%
Transparency Index3535
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Youth Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 80,000RWF 250,000RWF 500,000RWF 1,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date#REF!#REF!#REF!#REF!
Loan Term (Months)8.0 months12.0 months18.0 months18.0 months
Grace Period (Months)1.0 month0.0 months1.0 month0.0 months
Total Cost of CreditRWF 7,772.29RWF 34,049.85RWF 98,395.60RWF 196,823.20
True Price by Comp       
Interest price component21.3%21.3%21.4%21.4%
Fee Component2.7%1.9%1.3%1.3%
Insurance Component0.6%0.6%0.6%0.6%
Tax Component0.6%0.5%0.4%0.4%
Deposit Component5.1%5.0%4.8%4.9%
Full APR (int fee ins tax dep)30.3%29.3%28.5%28.6%
Transparency Index0000
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
CREDITO INDIVIDUAL Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFUNDAMICInstitutionEC-030-V01-P02ProductECCountry2010YearRange Number1Institution Data Version05001,0001,500Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 40020020Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Youth Business Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.CoopInstitution TypeAnyLoan PurposeUCUInstitutionRW-011-V02-P07ProductRWCountry2012YearRange Number2Institution Data Version0200,000400,000600,000800,0001,000,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 20101Number of Borrowers
Click to view Price Analysis Tool
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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