| Number borrowers | 3,183,754 |
| Loan Amount (range) | INR 1,000 - 15,000 |
| Loan Term (range) | 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness |
| Annual Interest & Method | 22.9% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 0.47%-0.97% upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.8% - 23.8% |
| Fee Component | 0.9% - 2.2% |
| Insurance Component | 0 - 1.1% |
| Tax Component Range | 0.1% - 0.3% |
| Full APR (int fee ins tax dep) | 25.1% - 26.2% |
| Transparency Index (min/max) | 87 - 93 |
| Transparency Index (average) | 88 |
| 2,764 |
| RWF 10,000 - 500,000 |
| 4 - 12 |
| 30.00% annual, Flat |
| 2 fees |
| None |
| 18.00% fees |
| N/A |
| 22.9% - 57.1% |
| 2.1% - 24.7% |
| 0 - 0.8% |
| 0.5% - 4.7% |
| 56.7% - 73.3% |
| 16 - 53 |
| 47 |
| Outstanding portfolio (INR) | INR 20,886,422,076 |
| Portfolio (USD) | USD 394,083,435.40 |
| Active Clients with Loans | 3,183,754 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Group Based Individual Lending |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Group Leadership Training |
| Other (2) | Financial Literacy & Social Awareness |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| 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 | Must be 18 years to 60 years |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 19 |
| Regions Active | Assam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal, Andaman and Nicobar IslandsDadra and Nagar Haveli, National Capital Territory of Delhi |
| Outstanding portfolio (RWF) | RWF 295,147,266 |
| Portfolio (USD) | USD 468,488 |
| Active Clients with Loans | 2,764 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | |
| Must run a business | x |
| 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 | 5 |
| Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
| Currency | INR |
| Minimum loan size | INR 1,000 |
| Maximum loan size | 15,000 |
| Loans less than INR 5,000 | 10% |
| INR 5,000-15,000 | 90% |
| 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 | 12.0 months |
| Longest loan term | 12.0 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 | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 10,000 |
| Maximum loan size | 500,000 |
| Loans less than RWF 500,000 | 100% |
| RWF 500,000-1,500,000 | 0 |
| RWF 1,500,000-2,500,000 | 0 |
| 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 | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 0 |
| 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 | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 22.90% |
| Highest quoted nominal interest | 22.90% |
| 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 | Service Tax Extra |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0.47% |
| % of loan amount - max | 0.97% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively |
| 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 | 30.00% |
| Highest quoted nominal interest | 30.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission Fee | Loan Application Fee | |
| % of loan amount - min | 1.50% | 0 | |
| % of loan amount - max | 1.50% | 0 | |
| OR, Fixed amount - min | 0 | 10,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | 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 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 1,000 | INR 3,000 | INR 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-10-18 | 2012-09-22 | 2012-09-27 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | INR 133.26 | INR 407.75 | INR 669.58 | ||
| True Price by Comp | |||||
| Interest price component | 21.8% | 22.9% | 22.9% | ||
| Fee Component | 2.0% | 2.0% | 2.1% | ||
| Insurance Component | 1.1% | 1.0% | 1.0% | ||
| Tax Component | 0.2% | 0.3% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 25.1% | 26.2% | 26.2% | ||
| MFIN MFI Earning (Annualised) | 23.8% | 24.9% | 25.0% | ||
| MFIN Cost to Borrower (Annualised) | 25.1% | 26.2% | 26.2% | ||
| Transparency Index | 91 | 88 | 87 | ||
| MFIN Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 250,000 | RWF 100,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | Not Known | Not Known | ||
| Disbursement Date | 2012-05-15 | 2012-06-15 | 2012-09-05 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 6.1 months | 1.0 month | 6.0 months | ||
| Total Cost of Credit | RWF 28,570 | RWF 54,175 | RWF 28,570 | ||
| True Price by Comp | |||||
| Interest price component | 27.7% | 48.6% | 28.2% | ||
| Fee Component | 24.3% | 20.9% | 24.7% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 4.7% | 3.8% | 4.7% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 56.7% | 73.3% | 57.6% | ||
| Transparency Index | 53 | 41 | 52 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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