Number borrowers | 16,336 |
Loan Amount (range) | INR 9,000 - 15,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 21.0% annual, Decl Bal |
Fees | None |
Insurance | 3.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.7% (Int+Fee) |
Insurance Component | 0.9% - 1.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 26.6% |
Transparency Index (min/max) | 45 - 79 |
Transparency Index (average) | 79 |
772 |
RWF 1,000,000 - 15,000,000 |
6 - 24 |
Credit Educ, Group Mtgs, Credit Ins |
48.00%-60.00% annual, Decl Bal |
3.00% upfront |
1.50% upfront |
None |
0.00%-20.00% upfront |
47.0% - 58.6% |
5.6% - 10.6% |
2.1% - 4.7% |
0 |
88.3% - 101.3% |
47 - 87 |
49 |
Outstanding portfolio (INR) | INR 167,595,305 |
Portfolio (USD) | USD 3,162,175.57 |
Active Clients with Loans | 16,336 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | 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 | |
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 1,191,962,390 |
Portfolio (USD) | USD 1,862,441.23 |
Active Clients with Loans | 772 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
Business training | |
Other training | |
Other | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Muhanga, Musanze, Nyarugenge |
Currency | INR |
Minimum loan size | INR 9,000 |
Maximum loan size | 15,000 |
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 | 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 |
Currency | RWF |
Minimum loan size | RWF 1,000,000 |
Maximum loan size | 15,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 15% |
RWF 2,500,000-3,500,000 | 15% |
RWF 3,500,000-4,500,000 | 15% |
Greater than RWF 4,500,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
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 | 21.00% |
Highest quoted nominal interest | 21.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Upfront Fee and Insurance |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
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? | No |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | Time as Client |
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 | Administration Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Covers loss of life and permanent total disability |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | More risky clients asked to give cash collateral upto 20% |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | |
---|---|
Loan Amount | INR 9,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-04-20 |
Loan Term (Months) | 12.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 25.7% |
Insurance Component | 0.9% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 26.6% |
MFIN MFI Earning (Annualised) | 25.7% |
MFIN Cost to Borrower (Annualised) | 26.6% |
Transparency Index | 79 |
MFIN Transparency Index | N/A |
Original Repayment Schedule | |
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 1,050,000 | RWF 2,000,000 | RWF 3,200,000 | RWF 4,200,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-08-31 | 2012-08-23 | 2012-08-14 | 2012-07-24 | |||
Loan Term (Months) | 7.0 months | 9.0 months | 9.0 months | 9.0 months | |||
Grace Period (Months) | 0.2 months | 0.1 months | 0.1 months | 0.4 months | |||
Total Cost of Credit | RWF 229,672.45 | RWF 629,298.88 | RWF 1,007,162.06 | RWF 1,386,216.14 | |||
True Price by Comp | |||||||
Interest price component | 47.1% | 58.6% | 58.6% | 58.5% | |||
Fee Component | 9.1% | 7.7% | 7.7% | 7.3% | |||
Insurance Component | 4.7% | 4.0% | 4.0% | 3.8% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 27.4% | 31.0% | 31.0% | 29.4% | |||
Full APR (int fee ins tax dep) | 88.3% | 101.3% | 101.3% | 99.0% | |||
Transparency Index | 54 | 47 | 47 | 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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