| Outstanding portfolio (ETB) | ETB 8,193,729 |
| Portfolio (USD) | USD 445,311.36 |
| Active Clients with Loans | 2,600 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Agriculture |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 4,200 |
| Maximum loan size | 5,669 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 13.00% |
| Highest quoted nominal interest | 13.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0.30% |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 4,201.94 | ETB 4,201.94 | ETB 4,201.94 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-22 | 2009-12-30 | 2011-09-27 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 13.0% | 13.0% | 13.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.5% | 0.5% | 0.5% | ||
| Full APR (int fee ins tax dep) | 13.4% | 13.5% | 13.5% | ||
| Transparency Index | 97 | 96 | 97 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Bernadette Mukamisha |
| Regions active | Bugesera, Gasabo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Nyanza, Nyarugenge |
| # Branches | 19 |
| Total Portfolio (nat'l) | RWF 1,659,754,210 |
| Total Portfolio (USD) | USD 2,593,365.95 |
| Active clients with loans | 2,648 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AMIR |
| Funders | BNR, AMIR, AQUADEV |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture/Elevage Loan | RWF 50,000 - 7,500,000 | 1 - 12 | 20% - 40% | 20% - 40% | Business | Women, Men | Tech Asst Visits, Business Training, Other Training, Epargne-credit | |||||||
| Commerce Loan | RWF 1,000,000 - 7,500,000 | 1 - 12 | 0% - 20% | 60% - 80% | Business, Consumer, Other | Women, Men | ||||||||
| Construction Maison / Rehabilitation Loan | RWF 50,000 - 7,500,000 | 1 - 12 | 0% - 20% | 20% - 40% | Housing | Women, Men | ||||||||
| Credit Divers | RWF 10,000 - 7,500,000 | 1 - 12 | 0% - 20% | 40% - 60% | Any Purpose | Women, Men | ||||||||
| Transport Loan | RWF 50,000 - 7,500,000 | 3 - 12 | 0% - 20% | 20% - 40% | Business, Housing | Women, Men |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture/Elevage Loan | 24.00%-36.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 11.9% - 88.5% | 14.6% - 104.9% | 50 | ||||||||
| Commerce Loan | 48.00%-60.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 86.5% - 105.7% | 101.9% - 123.8% | 42 | ||||||||
| Construction Maison / Rehabilitation Loan | 24.00%-36.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 86.2% - 102.2% | 101.5% - 119.5% | 22 | ||||||||
| Credit Divers | 36.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 48.6% - 102.4% | 53.6% - 102.4% | 46 | ||||||||
| Transport Loan | 24.00%-36.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 84.1% - 89.1% | 98.9% - 105.6% | 23 |
| Key Statistics | |
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| # Samples: | |
| # Products | |
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| # 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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