| Number borrowers | 170,500 |
| Loan Amount (range) | ETB 2,000 - 50,000 |
| Loan Term (range) | 12 - 36 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 18.0% annual, Decl Bal |
| Fees | 2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 5.0%-10.0% upfront 6.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 20.2% - 28.7% (Int+Fee) |
| Insurance Component | 1.0% - 2.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 25.0% - 35.7% |
| Transparency Index (min/max) | 50 - 102 |
| Transparency Index (average) | 64 |
| Outstanding portfolio (ETB) | ETB 304,252,000 |
| Portfolio (USD) | USD 16,535,434.78 |
| Active Clients with Loans | 170,500 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| 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 851,041 |
| Portfolio (USD) | USD 1,351 |
| Active Clients with Loans | 25 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ETB |
| Minimum loan size | ETB 2,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | 12.0 months |
| Grace period usage | 50% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan 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? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% - 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 6 |
| 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 6,000 | ETB 7,000 | ETB 16,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-10-27 | 2011-08-08 | 2011-07-13 | ||
| 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 | 28.7% | 20.2% | 20.2% | ||
| Insurance Component | 1.1% | 1.1% | 1.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 5.9% | 4.1% | 3.8% | ||
| Full APR (int fee ins tax dep) | 35.7% | 25.4% | 25.0% | ||
| Transparency Index | 50 | 71 | 72 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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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