Number borrowers | 417,039 |
Loan Amount (range) | INR 2,000 - 25,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Annual Interest & Method | 13.5% annual, Flat |
Fees | None |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.8% - 26.0% (Int+Fee) |
Insurance Component | 2.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 27.9% - 28.1% |
Transparency Index (min/max) | 48 |
Transparency Index (average) | 48 |
2,738 |
RWF 2,000,000 - 5,000,000 |
12 - 18 |
Credit Educ, Credit Ins, Business Training |
22.80% annual, Decl Bal |
None |
None |
18.00% fees |
10.00%-15.00% upfront |
21.3% - 93.8% |
0 - 2.7% |
0 - 0.6% |
0 - 0.6% |
29.5% - 31.7% |
0 |
75 |
Outstanding portfolio (INR) | INR 2,673,981,826 |
Portfolio (USD) | USD 50,452,487.28 |
Active Clients with Loans | 417,039 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
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 | |
Workplace visits | x |
Business training | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (RWF) | RWF 259,525,562 |
Portfolio (USD) | USD 432,543 |
Active Clients with Loans | 2,738 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | x |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
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 | 10 |
# Regions for this product | 10 |
Regions Active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
Currency | INR |
Minimum loan size | INR 2,000 |
Maximum loan size | 25,000 |
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 | 0.5 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 2,000,000 |
Maximum loan size | 5,000,000 |
Shortest loan term | 12.0 months |
Longest loan term | 18.0 months |
Approx average | 14.0 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 | 60% |
Longer than 18 months | 40% |
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 | 13.50% |
Highest quoted nominal interest | 13.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% 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 |
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? | No |
Lowest quoted nominal interest | 22.80% |
Highest quoted nominal interest | 22.80% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 10.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 2,000 | INR 18,000 | INR 10,000 | INR 8,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 6 | 1 | 2 | |||
Disbursement Date | 2010-07-03 | 2010-07-06 | 2010-07-01 | 2010-07-01 | |||
Loan Term (Months) | 12.1 months | 12.1 months | 12.1 months | 12.1 months | |||
Grace Period (Months) | 2.0 months | 1.0 month | 2.0 months | 2.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 25.8% | 26.0% | 25.8% | 25.8% | |||
Insurance Component | 2.1% | 2.1% | 2.1% | 2.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 27.9% | 28.1% | 27.9% | 27.9% | |||
MFIN MFI Earning (Annualised) | 25.8% | 26.0% | 25.8% | 25.8% | |||
MFIN Cost to Borrower (Annualised) | 27.9% | 28.1% | 27.9% | 27.9% | |||
Transparency Index | 48 | 48 | 48 | 48 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 2,000,000 | RWF 3,000,000 | RWF 4,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | |||||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | RWF 535,114 | RWF 819,226.60 | RWF 1,092,305.80 | ||
True Price by Comp | |||||
Interest price component | 22.6% | 22.7% | 22.6% | ||
Fee Component | 1.0% | 1.0% | 1.0% | ||
Insurance Component | 0.1% | 0.6% | 0.6% | ||
Tax Component | 0.2% | 0.3% | 0.3% | ||
Deposit Component | 7.8% | 4.9% | 4.9% | ||
Full APR (int fee ins tax dep) | 31.7% | 29.6% | 29.5% | ||
Transparency Index | 0 | 0 | 0 | ||
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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