Number borrowers | 147,500 |
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 | 10.0% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 5.0%-10.0% upfront 20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 11.7% - 11.8% (Int+Fee) |
Insurance Component | 1.0% - 2.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 17.1% - 17.7% |
Transparency Index (min/max) | 50 - 102 |
Transparency Index (average) | 57 |
140 |
RWF 94,800 - 3,500,000 |
1 - 24 |
20.40%-0.00% annual, Decl Bal |
N/A |
N/A |
0 - 24.4% (Int+Fee) |
0 - 22.8% |
-22.8% - 11.7% |
22.1% - 26.4% |
0 - N/A |
Outstanding portfolio (ETB) | ETB 263,295,000 |
Portfolio (USD) | USD 14,309,510.87 |
Active Clients with Loans | 147,500 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | x |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
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 71,543,597 |
Portfolio (USD) | USD 121,260 |
Active Clients with Loans | 140 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 |
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 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 | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 94,800 |
Maximum loan size | 3,500,000 |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 0 |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 90% |
Average grace period | 0.3 months |
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 | 10.00% |
Highest quoted nominal interest | 10.00% |
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 | 2.00% |
% of loan amount - max | 2.00% |
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 20 |
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 | 1.70% |
Highest quoted nominal interest | 1.70% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
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 | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit - depends on age, loan amount, loan term |
% of loan amount - min | 1.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ETB 5,000 | ETB 7,000 | ETB 7,000 | ETB 7,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-01-28 | 2011-04-29 | 2010-02-03 | 2011-01-31 | |||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | 24.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 11.8% | 11.7% | 11.8% | 11.8% | |||
Insurance Component | 2.1% | 2.1% | 2.1% | 2.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 3.8% | 3.3% | 3.3% | 3.4% | |||
Full APR (int fee ins tax dep) | 17.7% | 17.1% | 17.3% | 17.3% | |||
Transparency Index | 57 | 58 | 58 | 58 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 250,000 | RWF 500,000 | RWF 960,000 | RWF 2,000,000 | RWF 3,256,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 0 | ||||||
Disbursement Date | 2012-03-27 | 2012-02-22 | 2012-01-26 | 2011-11-24 | N/A | ||||||
Loan Term (Months) | 12.0 months | 12.0 months | 5.0 months | 24.0 months | 24.0 months | 18.0 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 | 22.0% | 22.1% | 24.4% | 23.0% | 0.0% | 21.3% | |||||
Insurance Component | 2.4% | 2.3% | 1.2% | 1.4% | 21.7% | 0.6% | |||||
Tax Component | 0.4% | 0.4% | 0.8% | 0.2% | -21.7% | 0.2% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 22.8% | 0.0% | |||||
Full APR (int fee ins tax dep) | 24.8% | 24.8% | 26.4% | 24.6% | 22.8% | 22.1% | |||||
Transparency Index | 82 | 82 | 77 | 83 | 90 | 92 | |||||
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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