Number borrowers | 165,464 |
Loan Amount (range) | ETB 700 - 1,000,000 |
Loan Term (range) | 7 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
Annual Interest & Method | 10.0% annual, Flat |
Fees | 2.00% ongoing |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 5.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 17.7% - 19.9% (Int+Fee) |
Insurance Component | 1.3% - 1.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.5% - 23.1% |
Transparency Index (min/max) | 42 - 50 |
Transparency Index (average) | 45 |
7 |
0 |
0 |
0.00% annual, 0 |
N/A |
21.0% - 21.7% (Int+Fee) |
0 - 22.8% |
-22.8% - 11.7% |
34.3% - 37.9% |
0 - N/A |
Outstanding portfolio (ETB) | ETB 516,753,605 |
Portfolio (USD) | USD 28,084,435.05 |
Active Clients with Loans | 165,464 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (RWF) | RWF 20,249,410 |
Portfolio (USD) | USD 34,321 |
Active Clients with Loans | 7 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
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 | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | ETB |
Minimum loan size | ETB 700 |
Maximum loan size | 1,000,000 |
Shortest loan term | 7.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 90% |
Average grace period | 2.0 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 |
Currency | RWF |
Minimum loan size | 0 |
Maximum loan size | 0 |
Shortest loan term | 0 |
Longest loan term | 0 |
Approx average | 0 |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 10.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% 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 |
Ins 1 | |
---|---|
Description | Loan Insurance |
% 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? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 0 |
Highest quoted nominal interest | 0 |
Interest rate period | |
Interest Rate Calculation Method | 0 |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | N/A |
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 | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit - depends on age, loan amount, loan term |
% of loan amount - min | 1.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? |
Required for | |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | ETB 2,500 | ETB 3,000 | ETB 5,000 | ETB 10,000 | ETB 24,000 | ETB 30,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-08-16 | 2011-08-26 | 2011-08-09 | 2011-08-12 | 2011-09-05 | 2011-08-17 | |||||
Loan Term (Months) | 23.0 months | 24.0 months | 24.0 months | 29.0 months | 31.0 months | 31.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 19.9% | 18.4% | 19.8% | 19.4% | 19.3% | 17.7% | |||||
Insurance Component | 1.6% | 1.4% | 1.5% | 1.4% | 1.4% | 1.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 1.6% | 1.4% | 1.6% | 1.6% | 1.5% | 1.4% | |||||
Full APR (int fee ins tax dep) | 23.1% | 21.3% | 22.9% | 22.4% | 22.3% | 20.5% | |||||
Transparency Index | 43 | 47 | 44 | 45 | 45 | 49 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 1,260,000 | RWF 2,800,000 | RWF 3,600,000 | RWF 3,600,000 | |||
Loan Cycle (1, 2, 3, etc) | |||||||
Disbursement Date | |||||||
Loan Term (Months) | 18.0 months | 36.0 months | 36.0 months | 36.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 21.7% | 21.1% | 21.2% | 21.0% | |||
Insurance Component | 0.5% | 1.4% | 0.1% | 2.3% | |||
Tax Component | 0.2% | 0.1% | 0.1% | 0.1% | |||
Deposit Component | 15.3% | 13.7% | 12.9% | 14.3% | |||
Full APR (int fee ins tax dep) | 37.8% | 36.4% | 34.3% | 37.9% | |||
Transparency Index | N/A | N/A | N/A | N/A | |||
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 ∞ |