| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | http://www.ffslmfi.com/ |
| Year established | 2007 |
| Head of Institution | G. Dashrath Reddy |
| Regions active | 0 |
| # Branches | 83 |
| Total Portfolio (nat'l) | INR 2,410,743,660 |
| Total Portfolio (USD) | USD 53,572,081.33 |
| Active clients with loans | 270,185 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.uob.rw/ |
| Year established | 1997 |
| Head of Institution | Jeffrey J. Lee |
| Regions active | Bugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza |
| # Branches | 36 |
| Total Portfolio (nat'l) | RWF 9,342,142,670 |
| Total Portfolio (USD) | USD 14,597,097.92 |
| Active clients with loans | 41,246 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Opportunity International, Hope International, World Relief |
| Funders | MasterCard Foundation, Gates Foundation, Credit Suisse, European Union |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daily Loan | INR 6,000 - 20,000 | 3.3 - 4.6 | 0% - 20% | 80% - 100% | Business | Women, Men, Must be the family member of weekly borrower, Age between 18 to 55 Years | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Midterm Loan | INR 8,000 - 8,000 | 10 | 80% - 100% | 80% - 100% | Business | Women, Must be a weekly Loan borrower, age between 18 to 55 years | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Monthly Loan | INR 12,000 - 18,000 | 15 | 80% - 100% | 20% - 40% | Business | Women, Must be Married, Age between 18 to 55 years | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Weekly Loan | INR 12,000 - 18,000 | 11.5 | 80% - 100% | 80% - 100% | Business | Women, Must be Married, Age between 18 to 58 years | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Community Banking | RWF 250,000 - 3,000,000 | 4 - 12 | 80% - 100% | 40% - 60% | Business, Other | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Community Banking | RWF 30,000 - 1,500,000 | 4 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Micro Individual/Business Loan | RWF 250,000 - 60,000,000 | 4 - 60 | 40% - 60% | 80% - 100% | Business, Consumer | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| New Solidarity Group | RWF 250,000 - 6,000,000 | 4 - 24 | 60% - 80% | 80% - 100% | Business, Consumer, Other | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daily Loan | 0% | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||||
| Midterm Loan | 0% | 24.5% | 30.2% | N/A | ||||||||||
| Monthly Loan | 0% | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||||
| Weekly Loan | 0% | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daily Loan | 12.8% annual, Flat | 1 Fee | 0 Ins | None | 500.00 upfront | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||
| Midterm Loan | 12.0% annual, Flat | 1 Fee | 0 Ins | None | 500.00 upfront | 24.5% | 30.2% | N/A | ||||||||
| Monthly Loan | 21.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 1,000.00 upfront | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||
| Weekly Loan | 12.5% annual, Flat | 0 Fees | 0 Ins | None | 1,000.00 upfront | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Community Banking | 30.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 10.0% upfront 10.00% ongoing | 52.7% - 53% | 70.6% - 72.9% | 41 | ||||||||
| Community Banking | 30.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 10.0% upfront 10.00% ongoing | 57.4% | 76.8% | 39 | ||||||||
| Micro Individual/Business Loan | 18.0%-24.0% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 21.9% - 27.6% | 22.6% - 30.7% | 71 | ||||||||
| New Solidarity Group | 24.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 15.0% upfront 15.00% ongoing | 43.9% - 45.1% | 69.5% - 74.5% | 33 |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daily Loan | 0% | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||||
| Midterm Loan | 0% | 24.5% | 30.2% | N/A | ||||||||||
| Monthly Loan | 0% | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||||
| Weekly Loan | 0% | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Daily Loan | 12.8% annual, Flat | 1 Fee | 0 Ins Ins | None | 500.00 upfront | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||
| Midterm Loan | 12.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 500.00 upfront | 24.5% | 30.2% | N/A | ||||||||
| Monthly Loan | 21.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 1,000.00 upfront | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||
| Weekly Loan | 12.5% annual, Flat | 0 Fees | 0 Ins Ins | None | 1,000.00 upfront | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Community Banking | 30.0% annual, Flat | 1 Fee | 1 Ins Ins | 18.00% fees | 10.0% upfront 10.00% ongoing | 52.7% - 53% | 70.6% - 72.9% | 41 | ||||||||
| Community Banking | 30.0% annual, Flat | 1 Fee | 1 Ins Ins | 18.00% fees | 10.0% upfront 10.00% ongoing | 57.4% | 76.8% | 39 | ||||||||
| Micro Individual/Business Loan | 18.0%-24.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | 18.00% fees | N/A | 21.9% - 27.6% | 22.6% - 30.7% | 71 | ||||||||
| New Solidarity Group | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | 18.00% fees | 15.0% upfront 15.00% ongoing | 43.9% - 45.1% | 69.5% - 74.5% | 33 |
| Key Statistics | |
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| % Products using declining balance | |
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| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
