2. Saija
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  2. Urwego

Institution

Saija Finance Pvt. Ltd. Uma Complex, 3rd FloorFraser RoadPatna, BahirPO Box 800001
Data approved: 2013-02-08
Data version: 2
Age of data: 139 months
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Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 1900-01-00
Data version: 3
Age of data: -   months 
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Product

Saija Mahila Rin - Household JLG Product 2 of 2 « Prev | Next »

Product

New Solidarity Group Product 4 of 6 « Prev | Next »

Product Summary

Number borrowers21,648
Loan Amount (range)INR 5,000 - 50,000
Loan Term (range)11.5 - 24
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method26.0% annual, Decl Bal
Fees0.88% upfront
Insurance51.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.9% - 26.3%
Fee Component0.9% - 2.0%
Insurance Component0 - 1.2%
Tax Component Range0.1% - 0.3%
Full APR (int fee ins tax dep)27.4% - 29.5%
Transparency Index (min/max)88 - 95
Transparency Index (average)92

Product Summary

348
RWF 250,000 - 6,000,000
6 - 24
Credit Educ, Group Mtgs, Credit Ins, Business Training
18.0% annual, Flat
1.50% upfront
0.08% upfront
18.00% fees
15.0% upfront
 
18.3% - 49.1%
1.5% - 8.1%
0 - 1.1%
0 - 1.6%
60.6%
30 - 81
30

Product Details

Key Statistics
Outstanding portfolio (INR)INR 199,971,284.40
Portfolio (USD)USD 3,773,043.10
Active Clients with Loans21,648
Approximate % Female Clients80% - 100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Household loan is targeted at only women borrowers. Loan can be used for either household or business needs. Borrowers are organized in a joint liability group of 10 members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveBihar

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 152,959,823
Portfolio (USD)USD 238,999.72
Active Clients with Loans348
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Graduation product from Community Banking (CB) group; a client must have spent at least 5 cycles in CB; target: client with needs above CB loan amount.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution30
# Regions for this product14
Regions ActiveBugesera, Gasabo, Gatsibo, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyamagabe, Nyarugenge, Ruhango, Rusizi, Rwamagana

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00060%
INR 15,000-25,00030%
INR 25,000-35,0005%
INR 35,000-45,0005%
Greater than INR 45,0005%
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size6,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00010%
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,00010%
Greater than RWF 4,500,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min51
Fixed amount - max51
Reason for variationInsurance is 51 per 10,000 INR. Cover includes spouse.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest1.50%
Highest quoted nominal interest1.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance Premium
% of loan amount - min0.08%
% of loan amount - max0.08%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Saija Mahila Rin - Household JLG samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-032012-12-312012-12-262012-07-27
Loan Term (Months)12.0 months11.0 months24.0 months24.0 months
Grace Period (Months)0.1 months0.0 months0.2 months0.2 months
Total Cost of CreditINR 764INR 1,376INR 6,165INR 8,741
True Price by Comp       
Interest price component26.0%26.0%25.9%25.9%
Fee Component1.7%2.0%0.9%0.9%
Insurance Component0.0%1.2%0.5%0.4%
Tax Component0.3%0.3%0.2%0.2%
Deposit Component0.0%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 Index93889595
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

New Solidarity Group samples
Sample 1
Loan AmountRWF 600,000
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2014-08-21
Loan Term (Months)5.8 months
Grace Period (Months)0.5 months
Total Cost of CreditRWF 80,950.60
True Price by Comp 
Interest price component36.1%
Fee Component8.1%
Insurance Component0.3%
Tax Component1.6%
Deposit Component14.5%
Full APR (int fee ins tax dep)60.6%
Transparency Index30
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF
Saija Mahila Rin - Household JLG Price Graphs


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New Solidarity Group Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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