Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1997 |
Head of Institution | Atakilt Kiros |
Regions active | |
# Branches | 142 |
Total Portfolio (nat'l) | ETB 1,800,000,000 |
Total Portfolio (USD) | USD 97,826,086.96 |
Active clients with loans | 397,000 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AEMFI, INAFI |
Funders | NPA Norweigan Peoples Aid, SOS Faim, A Glimmer of Hope |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | ETB 15,000 - 5,000,000 | 12 - 60 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ | |||||||
Civil Servant Loan | ETB 1,000 - 50,000 | 12 - 36 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs | |||||||
Ex-fighters Association Loan | ETB 10,000 - 10,000 | 36 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Ex-fighters association members | Credit Educ | |||||||
Housing Loan | ETB 15,000 - 5,000,000 | 12 - 60 | 20% - 40% | 80% - 100% | Housing | Women, Men | Credit Educ | |||||||
Regular Loan | ETB 500 - 20,000 | 12 - 36 | 60% - 80% | 80% - 100% | Business | Women, Men | Credit Educ, Group Mtgs, Business Training | |||||||
Rural Package Loan | ETB 200 - 30,000 | 6 - 48 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Tech Asst Visits | |||||||
Urban Package Loan | ETB 500 - 10,000 | 12 - 36 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 10.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 11.1% - 13.2% | 11.1% - 13.2% | 81 | ||||||||
Civil Servant Loan | 15.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14% - 14.3% | 14% - 14.3% | 100 | ||||||||
Ex-fighters Association Loan | 15.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14.1% | 14.1% | 100 | ||||||||
Housing Loan | 9.9% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 10.3% - 11% | 10.3% - 11% | 92 | ||||||||
Regular Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16.7% - 17.6% | 16.7% - 17.6% | 100 | ||||||||
Rural Package Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 18% - 25.9% | 18% - 25.9% | 86 | ||||||||
Urban Package Loan | 18.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 9.7% | 9.7% | 100 |
Outstanding portfolio (RWF) | RWF 112,959,983 |
Portfolio (USD) | USD 176,499.97 |
Active Clients with Loans | 416 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Cooperatives des agriculteurs |
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 | x |
Business training | x |
Other training | x |
Other | Epargne-credit |
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 | 11 |
# Regions for this product | 13 |
Regions Active | Bugesera, Gasabo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Nyanza, Nyarugenge, Ruhango, Rwamagana |
Currency | RWF |
Minimum loan size | RWF 50,000 |
Maximum loan size | 7,500,000 |
Loans less than RWF 500,000 | 10% |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Loan Term |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission | Stationery | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 5,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | 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 | 10.00% |
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 | 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 | RWF 113,900 | RWF 200,000 | RWF 516,000 | RWF 918,000 | RWF 1,600,000 | RWF 2,500,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-07-07 | 2009-10-29 | 2010-12-10 | 2010-08-14 | 2010-07-16 | 2010-09-11 | |||||
Loan Term (Months) | 8.0 months | 12.0 months | 12.0 months | 6.0 months | 6.0 months | 12.0 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 | 23.5% | 16.1% | 13.0% | 88.5% | 86.4% | 11.9% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 3.8% | 3.6% | 2.9% | 16.3% | 15.9% | 2.7% | |||||
Full APR (int fee ins tax dep) | 27.4% | 19.7% | 15.9% | 104.9% | 102.3% | 14.6% | |||||
Transparency Index | 88 | 100 | 100 | 23 | 23 | 100 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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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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