Outstanding portfolio (INR) | INR 4,303,387 |
Portfolio (USD) | USD 81,195.98 |
Active Clients with Loans | 231 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Group Based indivudual 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 | x |
Business training | x |
Other training | x |
Other | Group Leadership Training |
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 | 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 have an access to waterland |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 1 |
Regions Active | West Bengal |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 10% |
INR 15,000-25,000 | 80% |
INR 25,000-35,000 | 5% |
INR 35,000-45,000 | 5% |
Greater than INR 45,000 | 5% |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 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 | 0 |
Longer than 18 months | 100% |
Grace period usage | 100% |
Average grace period | 3.0 months |
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 | 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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-10-16 | 2012-09-18 | 2012-10-31 | ||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | -0.3 months | 0.0 months | -0.1 months | ||
Total Cost of Credit | INR 1,704.16 | INR 5,996.32 | INR 9,006.48 | ||
True Price by Comp | |||||
Interest price component | 23.8% | 22.7% | 22.9% | ||
Fee Component | 1.6% | 1.0% | 0.9% | ||
Insurance Component | 0.8% | 0.9% | 1.0% | ||
Tax Component | 0.2% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 26.4% | 24.7% | 24.9% | ||
MFIN MFI Earning (Annualised) | 25.4% | 23.7% | 23.8% | ||
MFIN Cost to Borrower (Annualised) | 26.4% | 24.7% | 24.9% | ||
Transparency Index | 87 | 93 | 92 | ||
MFIN Transparency Index | 96 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2006 |
Head of Institution | Munyankumburwa Samuel |
Regions active | Bugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge |
# Branches | 4 |
Total Portfolio (nat'l) | RWF 2,378,245,166 |
Total Portfolio (USD) | USD 3,716,008.07 |
Active clients with loans | 2,076 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AMIR |
Funders | Banqu Nationale Du Rwanda, Banque Rwandaise De Development |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-Elevage Loan | RWF 1,000,000 - 15,000,000 | 6 - 36 | 0% - 20% | 0% - 20% | Business | Women, Men | Credit Ins, Tech Asst Visits, Business Training | |||||||
Autres Credits | RWF 100,000 - 10,000,000 | 1 - 24 | 0% - 20% | 40% - 60% | Consumer, Education, Other | Women, Men | Business Training, Other Training | |||||||
Commerce Loan | RWF 500,000 - 30,000,000 | 6 - 36 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Construction Loan | RWF 500,000 - 30,000,000 | 12 - 60 | 20% - 40% | 60% - 80% | Business, Housing, Consumer | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Equipement pour le Transport Loan | RWF 1,000,000 - 10,000,000 | 12 - 36 | 0% - 20% | 60% - 80% | Business, Consumer | Women, Men, Have business | Credit Ins, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-Elevage Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 14.1% - 56% | 14.7% - 57.3% | 58 | ||||||||
Autres Credits | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.4% - 72% | 16.1% - 72% | 45 | ||||||||
Commerce Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.1% - 20% | 18.7% - 49.9% | 61 | ||||||||
Construction Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 16.9% - 18.1% | 16.9% - 19% | 88 | ||||||||
Equipement pour le Transport Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 17.5% - 18.8% | 18.6% - 19.4% | 83 |
Key Statistics | |
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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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