Number borrowers | 2,716 |
Loan Amount (range) | INR 5,000 - 20,000 |
Loan Term (range) | 8 - 15 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Signature, Financial Discipline |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 2.50%-3.00% upfront |
Insurance | 100.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 28.9% - 30.6% (Int+Fee) |
Insurance Component | 1.2% - 2.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 30.1% - 33.3% |
Transparency Index (min/max) | 72 - 80 |
Transparency Index (average) | 76 |
994 |
RWF 500,000 - 30,000,000 |
12 - 60 |
Other Training |
20.40% annual, Decl Bal |
1.00% upfront |
0.17%-8.88% upfront |
18.00% fees |
N/A |
16.7% - 48.1% |
0.7% - 4.8% |
0.4% - 2.8% |
0.1% - 1.2% |
21.7% - 22.9% |
0 - 95 |
91 |
Outstanding portfolio (INR) | INR 12,599,383 |
Portfolio (USD) | USD 237,724.21 |
Active Clients with Loans | 2,716 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
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 | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | Signature |
Other (2) | Financial Discipline |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
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 3,973,764,195 |
Portfolio (USD) | USD 6,307,562 |
Active Clients with Loans | 994 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
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 | 2 |
# Regions for this product | 4 |
Regions Active | Gasabo, Kicukiro, Nyarugenge, Rwamagana |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 20,000 |
Shortest loan term | 8.0 months |
Longest loan term | 15.0 months |
Approx average | 12.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
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 500,000 |
Maximum loan size | 30,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 12.0 months |
Longest loan term | 60.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 60% |
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 | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.50% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
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 | 1.70% |
Highest quoted nominal interest | 1.70% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission sur credit |
% 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? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit |
% of loan amount - min | 0.17% |
% of loan amount - max | 8.88% |
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 |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 8,000 | INR 15,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | 2 | |
Disbursement Date | 2010-10-13 | 2010-11-10 | |
Loan Term (Months) | 12.1 months | 15.4 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 30.6% | 28.9% | |
Insurance Component | 2.7% | 1.2% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 33.3% | 30.1% | |
MFIN MFI Earning (Annualised) | 30.6% | 28.9% | |
MFIN Cost to Borrower (Annualised) | 33.3% | 30.1% | |
Transparency Index | 72 | 80 | |
MFIN Transparency Index | N/A | N/A | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 2,800,000 | RWF 4,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | 1 | ||||
Disbursement Date | 2012-05-14 | 2012-05-18 | 2012-04-30 | 2012-03-19 | 2012-02-22 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 24.0 months | 24.0 months | 37.0 months | ||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | 1.0 month | ||||
Total Cost of Credit | RWF 64,201.20 | RWF 128,404 | RWF 486,656.20 | RWF 681,318.08 | RWF 1,460,668.80 | ||||
True Price by Comp | |||||||||
Interest price component | 20.1% | 20.1% | 20.2% | 20.2% | 20.3% | ||||
Fee Component | 2.0% | 2.0% | 1.0% | 1.0% | 0.7% | ||||
Insurance Component | 0.4% | 0.4% | 0.5% | 0.5% | 0.5% | ||||
Tax Component | 0.4% | 0.4% | 0.3% | 0.3% | 0.2% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 22.9% | 22.9% | 22.0% | 22.0% | 21.7% | ||||
Transparency Index | 89 | 89 | 93 | 93 | 94 | ||||
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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