2. PEACE
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Institution

Poverty Eradication and Community Empowerment Yeka SubcityKebele 11/12Addis Ababa, House Number 669PO Box 5743
Data approved: 2011-12-23
Data version: 1
Age of data: 157 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.peacemfi.org/
Year established1999
Head of InstitutionMr Tezera Kebede
Regions active
# Branches18

Total Portfolio (nat'l)ETB 44,682,307
Total Portfolio (USD)USD 2,428,386.25
Active clients with loans17,206
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsAEMFI, MAIN, WWB
FundersOxfam Novib, Ethio-Italian Development Cooperation, Agri Service Ethiopia, RUFIP

Loan Products » Summary

Agriculture
14,625 Borrowers
USD 2,245,525.44 Portfolio
Active Product
Non-Agri
2,581 Borrowers
USD 182,860.76 Portfolio
Active Product
Individual
47 Borrowers
USD 33,958.32 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan ETB 2,000 - 5,000 3 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men, Have business Group Mtgs, Tech Asst Visits, Business Training, Other Training, Savings training
Non-agricultural loan ETB 1,900 - 5,000 3 - 18 80% - 100% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Savings training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 18.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00% ongoing 20.1% - 20.2% 22% - 22.2% 81
Non-agricultural loan 15.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 30.7% - 30.8% 38.2% - 40.4% 38
Institution Price Graph
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  2. Urwego

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 1900-01-00
Data version: 3
Age of data: -   months 
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Product

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Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,170,097,119
Portfolio (USD)USD 4,953,276.75
Active Clients with Loans1,331
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is for small entrepreneurs as well as graduated clients from Community Banking groups and Solidarity Groups; a client must have a business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution30
# Regions for this product15
Regions ActiveBugesera, Gasabo, Gicumbi, Huye, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Nyabihu, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size60,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0005%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,0005%
Greater than RWF 4,500,0005%
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term60.0 months
Approx average13.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months50%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife and Fire Insurance Fees
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoans <10M pay 1%, loans >10M pay matrix fee
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
Life and Fire insurance fees are paid to Insurance Companies.

Full Pricing Data

Micro Individual/Business Loan samples
Sample 1Sample 2
Loan AmountRWF 5,000,000RWF 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2014-08-042014-08-28
Loan Term (Months)24.0 months37.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditRWF 1,343,277RWF 5,535,081
True Price by Comp   
Interest price component20.8%19.8%
Fee Component2.1%1.5%
Insurance Component1.1%0.4%
Tax Component0.5%0.4%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)24.5%22.1%
Transparency Index4145
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Micro Individual/Business Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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