| 169 |
| RWF 300,000 - 2,400,000 |
| 4 - 12 |
| 26.00% annual, Flat |
| 1.00% upfront |
| 2 fees |
| 18.00% fees |
| 10.00% upfront |
| 16.7% - 48.1% |
| 0.7% - 4.8% |
| 0.4% - 2.8% |
| 0.1% - 1.2% |
| 70.0% - 74.2% |
| 0 - 95 |
| 36 |
| Outstanding portfolio (ETB) | ETB 257,866 |
| Portfolio (USD) | USD 14,014.46 |
| Active Clients with Loans | 36 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | collateral needed |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (RWF) | RWF 96,905,680 |
| Portfolio (USD) | USD 153,819 |
| Active Clients with Loans | 169 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | |
| 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 | 2 |
| # Regions for this product | 3 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge |
| Currency | RWF |
| Minimum loan size | RWF 300,000 |
| Maximum loan size | 2,400,000 |
| Loans less than RWF 500,000 | 30% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 40% |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 100% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 0.50% |
| Highest quoted nominal interest | 0.50% |
| Interest rate period | Weekly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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 | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Assurance sur credit | Commission on Insurance | |
| % of loan amount - min | 0.06% | 0 | |
| % of loan amount - max | 1.12% | 0 | |
| OR, Fixed amount - min | 0 | 1,000 | |
| Fixed amount - max | 0 | 1,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| 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 | 10.00% |
| 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? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 450,000 | RWF 900,000 | RWF 2,100,000 | RWF 1,800,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-09-10 | 2012-09-18 | 2012-03-28 | 2012-10-17 | |||
| Loan Term (Months) | 7.0 months | 7.0 months | 11.0 months | 11.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | -0.8 months | |||
| Total Cost of Credit | RWF 81,739.72 | RWF 162,299.44 | RWF 553,302.76 | RWF 474,428.08 | |||
| True Price by Comp | |||||||
| Interest price component | 48.1% | 48.1% | 47.5% | 47.5% | |||
| Fee Component | 3.3% | 3.3% | 2.3% | 2.3% | |||
| Insurance Component | 2.8% | 2.5% | 2.3% | 2.3% | |||
| Tax Component | 1.2% | 1.0% | 0.9% | 0.9% | |||
| Deposit Component | 18.8% | 18.7% | 17.0% | 17.0% | |||
| Full APR (int fee ins tax dep) | 74.2% | 73.6% | 70.0% | 70.0% | |||
| Transparency Index | 35 | 35 | 37 | 37 | |||
| 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) | ||||||
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| Min | ||||||
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| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
