2. Wisdom MFI
Please note that the information you are viewing is 154 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. COOPEDU
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Wisdom Microfinance Institution S.Co Bole Sub CityAddis Ababa31478
Data approved: 2012-03-12
Data version: 1
Age of data: 154 months

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 143 months
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Product

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Product

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Product Summary

Number borrowers5,095
Loan Amount (range)ETB 3,000 - 5,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method15.0% annual, Flat
Fees2.50% upfront
Insurance2.00% upfront
TaxNone
Comp Dep10.0% upfront 10.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component33.2% (Int+Fee)
Insurance Component2.3% - 7.6%
Tax Component Range0
Full APR (int fee ins tax dep)47.3%
Transparency Index (min/max)20 - 69
Transparency Index (average)32

Product Summary

994
RWF 500,000 - 30,000,000
12 - 60
Other Training
20.40% annual, Decl Bal
1.00% upfront
0.17%-8.88% upfront
18.00% fees
N/A
 
16.7% - 48.1%
0.7% - 4.8%
0.4% - 2.8%
0.1% - 1.2%
21.7% - 22.9%
0 - 95
91

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 7,041,571
Portfolio (USD)USD 382,694.08
Active Clients with Loans5,095
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is mainly for entrepreneurs based in urban and some rural villages. To qualify for this loan, client need to be in business for at least 6 months. It is offered on group basis.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,973,764,195
Portfolio (USD)USD 6,307,562
Active Clients with Loans994
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux hommes et aux femmes et dont la garantie exigee est un bien immeble ou la garantie numeraire. Le plafond est de 30 000 000 Frw.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
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 institution2
# Regions for this product4
Regions ActiveGasabo, Kicukiro, Nyarugenge, Rwamagana

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 3,000
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
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 payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 500,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,00010%
Greater than RWF 4,500,00010%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term60.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months30%
Longer than 18 months60%
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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/a
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedETB 10 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.70%
Highest quoted nominal interest1.70%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur credit
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAssurance sur credit
% of loan amount - min0.17%
% of loan amount - max8.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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
APR calcs have used insurance rates applicable to a 30 year old client

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3
Loan AmountETB 3,000ETB 3,000ETB 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-11-082011-11-082011-11-08
Loan Term (Months)8.0 months8.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component33.2%33.2%33.2%
Insurance Component5.9%5.9%5.9%
Tax Component0.0%0.0%0.0%
Deposit Component8.2%8.2%8.2%
Full APR (int fee ins tax dep)47.3%47.3%47.3%
Transparency Index323232
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Credit Ordinaire samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountRWF 500,000RWF 1,000,000RWF 2,000,000RWF 2,800,000RWF 4,000,000
Loan Cycle (1, 2, 3, etc)11111
Disbursement Date2012-05-142012-05-182012-04-302012-03-192012-02-22
Loan Term (Months)12.0 months12.0 months24.0 months24.0 months37.0 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditRWF 64,201.20RWF 128,404RWF 486,656.20RWF 681,318.08RWF 1,460,668.80
True Price by Comp         
Interest price component20.1%20.1%20.2%20.2%20.3%
Fee Component2.0%2.0%1.0%1.0%0.7%
Insurance Component0.4%0.4%0.5%0.5%0.5%
Tax Component0.4%0.4%0.3%0.3%0.2%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.9%22.9%22.0%22.0%21.7%
Transparency Index8989939394
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Business Loan Price Graphs


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Credit Ordinaire 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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