Outstanding portfolio (ETB) | ETB 19,420,071 |
Portfolio (USD) | USD 1,055,438.64 |
Active Clients with Loans | 15,732 |
Approximate % Female Clients | 40% - 60% |
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 | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
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 1,000 |
Maximum loan size | 6,000 |
Shortest loan term | 8.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Administrative/ Loan Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | 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? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
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 1,000 | ETB 2,500 | ETB 3,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-06-13 | 2011-02-23 | 2011-02-04 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 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 | 19.7% | 19.8% | 19.7% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.7% | 1.8% | 0.9% | ||
Full APR (int fee ins tax dep) | 22.5% | 22.6% | 21.7% | ||
Transparency Index | 80 | 80 | 83 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2005 |
Head of Institution | Ndahayo Jules Theoneste |
Regions active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
# Branches | 0 |
Total Portfolio (nat'l) | RWF 1,026,255,074 |
Total Portfolio (USD) | USD 1,710,425.12 |
Active clients with loans | 3,391 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AMIR, MAIN |
Funders | Les membres qui libirent les parts sociales, ONG Trocaire, UNCDF, Terrafina |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Decouvert (One Month) Loan | RWF 500,000 - 1,500,000 | 1 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Microloan | RWF 50,000 - 1,999,999 | 4 - 12 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Ordinary Loan | RWF 2,000,000 - 5,000,000 | 12 - 18 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Business Training | |||||||
Youth Business Loan | RWF 50,000 - 2,000,000 | 4 - 24 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Specific age group | Credit Educ, Credit Ins, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Decouvert (One Month) Loan | 96.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 93.8% | 93.8% | 100 | ||||||||
Microloan | 22.80% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00%-15.00% upfront | 41% - 41.2% | 50.2% - 55.7% | 44 | ||||||||
Ordinary Loan | 22.80% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00%-15.00% upfront | 23.6% - 23.8% | 29.5% - 31.7% | 75 | ||||||||
Youth Business Loan | 21.60% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00% upfront | 22.7% - 24% | 28.5% - 30.3% | 74 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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