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 |
1,039 |
RWF 1,000,000 - 7,500,000 |
1 - 12 |
48.00%-60.00% annual, Flat |
2 fees |
None |
None |
10.00% upfront |
N/A |
86.5% - 105.7% (Int+Fee) |
0 |
0 |
101.9% - 123.8% |
20 - 165 |
42 |
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 1,053,725,710 |
Portfolio (USD) | USD 1,646,446.42 |
Active Clients with Loans | 1,039 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 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 |
Currency | RWF |
Minimum loan size | RWF 1,000,000 |
Maximum loan size | 7,500,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
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 | 1.0 month |
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 | 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 |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 5.00% |
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 | 20,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | |||
---|---|---|---|---|---|
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 1,000,000 | RWF 1,500,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-08-30 | 2010-11-02 | 2010-11-04 | ||
Loan Term (Months) | 6.0 months | 12.0 months | 3.0 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 | 93.7% | 86.5% | 105.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 17.4% | 15.4% | 18.1% | ||
Full APR (int fee ins tax dep) | 111.1% | 101.9% | 123.8% | ||
Transparency Index | 43 | 47 | 39 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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