Number borrowers | 37,941 |
Loan Amount (range) | INR 5,000 - 15,000 |
Loan Term (range) | 15 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 28.4% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.73%-0.74% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.0% - 31.1% |
Fee Component | 1.6% - 2.3% |
Insurance Component | 1.1% - 1.4% |
Tax Component Range | 0.2% - 0.5% |
Full APR (int fee ins tax dep) | 29.1% - 34.4% |
Transparency Index (min/max) | 83 - 98 |
Transparency Index (average) | 91 |
81 |
RWF 100,000 - 2,000,000 |
3 - 12 |
Credit Educ, Other Training |
16.80% annual, Decl Bal |
1.00% upfront |
0.04%-1.12% upfront |
18.00% fees |
N/A |
16.7% - 48.1% |
0.7% - 4.8% |
0.4% - 2.8% |
0.1% - 1.2% |
19.0% - 22.9% |
0 - 95 |
81 |
Outstanding portfolio (INR) | INR 377,601,000 |
Portfolio (USD) | USD 7,124,547.17 |
Active Clients with Loans | 37,941 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Assam, Bihar, West Bengal |
Outstanding portfolio (RWF) | RWF 24,232,424 |
Portfolio (USD) | USD 38,464 |
Active Clients with Loans | 81 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
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 | 2 |
# Regions for this product | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 15.0 months |
Longest loan term | 15.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
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 100,000 |
Maximum loan size | 2,000,000 |
Loans less than RWF 500,000 | 30% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 40% |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 28.40% |
Highest quoted nominal interest | 28.40% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% 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? | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 0.73% |
% of loan amount - max | 0.74% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 1.40% |
Highest quoted nominal interest | 1.40% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
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 | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit |
% of loan amount - min | 0.04% |
% of loan amount - max | 1.12% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 10,000 | INR 10,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-27 | 2012-10-06 | 2012-10-28 | 2012-10-27 | |||
Loan Term (Months) | 15.0 months | 15.0 months | 16.0 months | 15.0 months | |||
Grace Period (Months) | -0.7 months | 0.0 months | 0.4 months | -0.7 months | |||
Total Cost of Credit | INR 1,092.68 | INR 997.19 | INR 2,185.36 | INR 1,985.36 | |||
True Price by Comp | |||||||
Interest price component | 31.1% | 26.0% | 26.8% | 28.5% | |||
Fee Component | 1.8% | 1.6% | 1.6% | 1.7% | |||
Insurance Component | 1.3% | 1.2% | 1.1% | 1.4% | |||
Tax Component | 0.2% | 0.3% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 34.4% | 29.1% | 29.7% | 31.8% | |||
MFIN MFI Earning (Annualised) | 32.9% | 27.6% | 28.4% | 30.2% | |||
MFIN Cost to Borrower (Annualised) | 34.4% | 29.1% | 29.7% | 31.8% | |||
Transparency Index | 83 | 98 | 96 | 89 | |||
MFIN Transparency Index | 91 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 107,400 | RWF 233,900 | RWF 480,000 | RWF 975,000 | RWF 2,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 1 | ||||
Disbursement Date | 2012-03-06 | 2012-05-03 | 2012-04-27 | 2012-05-31 | 2012-04-23 | ||||
Loan Term (Months) | 4.1 months | 6.0 months | 8.0 months | 12.0 months | 18.0 months | ||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | 1.0 month | ||||
Total Cost of Credit | RWF 5,193.64 | RWF 14,809.67 | RWF 37,625.93 | RWF 106,224.14 | RWF 311,506 | ||||
True Price by Comp | |||||||||
Interest price component | 16.8% | 16.7% | 16.8% | 16.8% | 16.9% | ||||
Fee Component | 4.8% | 3.5% | 2.8% | 1.9% | 1.3% | ||||
Insurance Component | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | ||||
Tax Component | 0.9% | 0.7% | 0.5% | 0.4% | 0.4% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 22.9% | 21.3% | 20.5% | 19.5% | 19.0% | ||||
Transparency Index | 73 | 79 | 82 | 86 | 89 | ||||
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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