Number borrowers | 21,648 |
Loan Amount (range) | INR 5,000 - 50,000 |
Loan Term (range) | 11.5 - 24 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 0.88% upfront |
Insurance | 51.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.9% - 26.3% |
Fee Component | 0.9% - 2.0% |
Insurance Component | 0 - 1.2% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 27.4% - 29.5% |
Transparency Index (min/max) | 88 - 95 |
Transparency Index (average) | 92 |
2,764 |
RWF 10,000 - 500,000 |
4 - 12 |
30.00% annual, Flat |
2 fees |
None |
18.00% fees |
N/A |
22.9% - 57.1% |
2.1% - 24.7% |
0 - 0.8% |
0.5% - 4.7% |
56.7% - 73.3% |
16 - 53 |
47 |
Outstanding portfolio (INR) | INR 199,971,284.40 |
Portfolio (USD) | USD 3,773,043.10 |
Active Clients with Loans | 21,648 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 100% |
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 | |
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 | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Bihar |
Outstanding portfolio (RWF) | RWF 295,147,266 |
Portfolio (USD) | USD 468,488 |
Active Clients with Loans | 2,764 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
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 | |
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 | 2 |
# Regions for this product | 5 |
Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 60% |
INR 15,000-25,000 | 30% |
INR 25,000-35,000 | 5% |
INR 35,000-45,000 | 5% |
Greater than INR 45,000 | 5% |
Shortest loan term | 11.5 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 | 500,000 |
Loans less than RWF 500,000 | 100% |
RWF 500,000-1,500,000 | 0 |
RWF 1,500,000-2,500,000 | 0 |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 0 |
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 | x |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | 0.88% |
% of loan amount - max | 0.88% |
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 | 51 |
Fixed amount - max | 51 |
Reason for variation | Insurance is 51 per 10,000 INR. Cover includes spouse. |
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 | Some |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
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 Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-12-03 | 2012-12-31 | 2012-12-26 | 2012-07-27 | |||
Loan Term (Months) | 12.0 months | 11.0 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.1 months | 0.0 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | INR 764 | INR 1,376 | INR 6,165 | INR 8,741 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 26.0% | 25.9% | 25.9% | |||
Fee Component | 1.7% | 2.0% | 0.9% | 0.9% | |||
Insurance Component | 0.0% | 1.2% | 0.5% | 0.4% | |||
Tax Component | 0.3% | 0.3% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 28.0% | 29.5% | 27.5% | 27.4% | |||
MFIN MFI Earning (Annualised) | 27.7% | 28.0% | 26.8% | 26.8% | |||
MFIN Cost to Borrower (Annualised) | 28.0% | 29.5% | 27.5% | 27.4% | |||
Transparency Index | 93 | 88 | 95 | 95 | |||
MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 250,000 | RWF 100,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | Not Known | Not Known | ||
Disbursement Date | 2012-05-15 | 2012-06-15 | 2012-09-05 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 6.1 months | 1.0 month | 6.0 months | ||
Total Cost of Credit | RWF 28,570 | RWF 54,175 | RWF 28,570 | ||
True Price by Comp | |||||
Interest price component | 27.7% | 48.6% | 28.2% | ||
Fee Component | 24.3% | 20.9% | 24.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 4.7% | 3.8% | 4.7% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 56.7% | 73.3% | 57.6% | ||
Transparency Index | 53 | 41 | 52 | ||
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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