Number borrowers | 1,114,873 |
Loan Amount (range) | INR 14,999 - 35,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, National Pension Scheme collabaration with LIC. |
Annual Interest & Method | 24.0%-26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 1.00%-1.05% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.7% - 26.0% |
Fee Component | 1.1% - 2.1% |
Insurance Component | 2.1% - 2.3% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 29.3% - 30.5% |
Transparency Index (min/max) | 79 - 82 |
Transparency Index (average) | 80 |
125 |
RWF 1,000,000 - 5,000,000 |
13 - 36 |
Credit Educ |
19.00% annual, Decl Bal |
2 fees |
0.17%-5.58% upfront |
18.00% fees |
20.00% upfront |
15.5% - 55.5% |
1.5% - 10.6% |
0 - 0.5% |
0.3% - 1.9% |
30.3% - 37.4% |
42 - 92 |
57 |
Outstanding portfolio (INR) | INR 11,546,957,921 |
Portfolio (USD) | USD 217,867,130.60 |
Active Clients with Loans | 1,114,873 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | National Pension Scheme collabaration with LIC. |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 14 |
# Regions for this product | 14 |
Regions Active | Andhra Pradesh, Bihar, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal |
Outstanding portfolio (RWF) | RWF 218,924,812 |
Portfolio (USD) | USD 347,500 |
Active Clients with Loans | 125 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Credit Agricole Avec Subvention RIF2 |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Autrest Immobilisations |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 4 |
Regions Active | Ngororero, Nyabihu, Rubavu, Rutsiro |
Currency | INR |
Minimum loan size | INR 14,999 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 5% |
INR 25,000-35,000 | 15% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 20% |
Grace period usage | 100% |
Average grace period | 1 Week |
Daily | |
Weekly | x |
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 | 5,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 13.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
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 | 90% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Branch, 24% applied in AP. In other states, 26% p.a. is applied. |
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? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.05% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% on a 1 year loan & 1.05% on 2 year loans. |
Appears on Repayment Sched? | Yes |
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 | 19.00% |
Highest quoted nominal interest | 19.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Paper Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 600 | |
Fixed amount - max | 0 | 600 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 0.17% |
% of loan amount - max | 5.58% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age & loan term |
Appears on Repayment Sched? | No |
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 | 20.00% |
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? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 25,000 | INR 30,000 | INR 35,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-30 | 2012-11-28 | 2012-11-28 | 2012-12-11 | |||
Loan Term (Months) | 12.0 months | 25.0 months | 24.0 months | 25.0 months | |||
Grace Period (Months) | 0.2 months | 0.3 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | INR 2,360 | INR 8,100 | INR 9,551 | INR 11,256 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 26.0% | 25.7% | 26.0% | |||
Fee Component | 2.1% | 1.1% | 1.1% | 1.1% | |||
Insurance Component | 2.1% | 2.3% | 2.3% | 2.3% | |||
Tax Component | 0.3% | 0.1% | 0.2% | 0.1% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.5% | 29.5% | 29.3% | 29.5% | |||
MFIN MFI Earning (Annualised) | 28.1% | 27.1% | 26.8% | 27.1% | |||
MFIN Cost to Borrower (Annualised) | 30.5% | 29.5% | 29.3% | 29.5% | |||
Transparency Index | 79 | 81 | 82 | 81 | |||
MFIN Transparency Index | 92 | 92 | 93 | 92 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | RWF 3,800,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-08-16 | 2012-02-02 | 2012-01-19 | 2012-03-26 | |||
Loan Term (Months) | 12.0 months | 18.0 months | 25.0 months | 37.0 months | |||
Grace Period (Months) | 1.0 month | 3.0 months | 1.4 months | 3.1 months | |||
Total Cost of Credit | RWF 129,915.40 | RWF 383,098.40 | RWF 699,647.80 | RWF 1,273,860.50 | |||
True Price by Comp | |||||||
Interest price component | 18.8% | 18.6% | 18.8% | 18.5% | |||
Fee Component | 4.1% | 2.5% | 2.1% | 1.5% | |||
Insurance Component | 0.5% | 0.2% | 0.5% | 0.2% | |||
Tax Component | 0.8% | 0.5% | 0.5% | 0.3% | |||
Deposit Component | 13.2% | 10.2% | 11.5% | 9.8% | |||
Full APR (int fee ins tax dep) | 37.4% | 32.0% | 33.4% | 30.3% | |||
Transparency Index | 51 | 59 | 57 | 63 | |||
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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