Number borrowers | 5,000 |
Loan Amount (range) | ETB 200 - 5,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Group Mtgs |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 0.50% upfront |
Insurance | None |
Tax | None |
Comp Dep | 10.0% upfront 10.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 35.4% - 39.3% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 41.7% - 46.9% |
Transparency Index (min/max) | 39 - 78 |
Transparency Index (average) | 54 |
Outstanding portfolio (ETB) | ETB 8,000,000 |
Portfolio (USD) | USD 434,782.61 |
Active Clients with Loans | 5,000 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
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 |
Outstanding portfolio (RWF) | RWF 73,771,271 |
Portfolio (USD) | USD 117,097 |
Active Clients with Loans | 22 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | 3 |
# Regions for this product | N/A |
Regions Active |
Currency | ETB |
Minimum loan size | ETB 200 |
Maximum loan size | 5,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Grace period usage | 100% |
Average grace period | dk |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | ETB 10 - N/A |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ETB 600 | ETB 1,000 | ETB 1,500 | ETB 2,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-05-18 | 2011-05-18 | 2011-05-18 | 2011-05-18 | |||
Loan Term (Months) | 11.2 months | 11.2 months | 11.2 months | 11.2 months | |||
Grace Period (Months) | 15.0 months | 15.0 months | 14.0 months | 15.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 36.6% | 35.4% | 39.3% | 35.4% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.7% | 6.5% | 7.6% | 6.4% | |||
Full APR (int fee ins tax dep) | 45.4% | 41.8% | 46.9% | 41.7% | |||
Transparency Index | 53 | 57 | 51 | 58 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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