Number borrowers | 5,485 |
Loan Amount (range) | INR 11,000 - 11,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 63.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.7% - 26.4% |
Fee Component | 1.0% - 1.8% |
Insurance Component | 0.6% - 1.1% |
Tax Component Range | 0.2% - 0.4% |
Full APR (int fee ins tax dep) | 28.0% |
Transparency Index (min/max) | 84 - 94 |
Transparency Index (average) | 89 |
1,067 |
RWF 10,000 - 5,000,000 |
1 - 36 |
15.00% annual, Flat |
2 fees |
0.06%-10.45% upfront |
18.00% fees |
N/A |
22.9% - 57.1% |
2.1% - 24.7% |
0 - 0.8% |
0.5% - 4.7% |
29.5% - 45.1% |
16 - 53 |
44 |
Outstanding portfolio (INR) | INR 55,670,000 |
Portfolio (USD) | USD 1,050,377.36 |
Active Clients with Loans | 5,485 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
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 | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
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 | Karnataka, Tamil Nadu, Puducherry |
Outstanding portfolio (RWF) | RWF 87,318,036 |
Portfolio (USD) | USD 138,600 |
Active Clients with Loans | 1,067 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
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 11,000 |
Maximum loan size | 11,000 |
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 | 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 | 1.0 month |
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 10,000 |
Maximum loan size | 5,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 5% |
RWF 1,500,000-2,500,000 | 15% |
RWF 2,500,000-3,500,000 | 30% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 19.0 months |
Loans 3 months or less | 50% |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 10% |
Longer than 18 months | 20% |
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 | 25.00% |
Highest quoted nominal interest | 25.00% |
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 | |
---|---|
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 | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 63 |
Fixed amount - max | 63 |
Reason for variation | Insurance Premium varies depending on loan size & term. |
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 | All |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
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 & Collateral Visit Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 15,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Commission on Insurance |
% of loan amount - min | 0.06% |
% of loan amount - max | 10.45% |
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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
MFIN MFI Earning (Annualised) |
MFIN Cost to Borrower (Annualised) |
Transparency Index |
MFIN Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
|||||||||||||
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | RWF 1,500,000 | RWF 3,064,540 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-04-16 | 2012-05-11 | 2012-04-25 | 2012-08-22 | 2012-05-02 | ||||
Loan Term (Months) | 12.0 months | 24.0 months | 23.0 months | 28.0 months | 13.0 months | ||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.3 months | 1.0 month | 1.0 month | ||||
Total Cost of Credit | RWF 60,457.49 | RWF 179,894.70 | RWF 321,256.42 | RWF 579,284.13 | RWF 580,135.15 | ||||
True Price by Comp | |||||||||
Interest price component | 26.3% | 26.2% | 26.0% | 26.1% | 26.3% | ||||
Fee Component | 15.1% | 4.9% | 3.4% | 2.3% | 3.6% | ||||
Insurance Component | 0.6% | 0.6% | 0.7% | 0.6% | 0.5% | ||||
Tax Component | 3.1% | 1.0% | 0.7% | 0.5% | 0.8% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 45.1% | 32.7% | 30.8% | 29.5% | 31.2% | ||||
Transparency Index | 33 | 46 | 49 | 51 | 48 | ||||
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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