Number borrowers | 1,730 |
Loan Amount (range) | INR 18,000 - 18,000 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 27.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | None |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.2% - 26.8% |
Fee Component | 1.0% - 1.5% |
Insurance Component | 1.9% - 2.6% |
Tax Component Range | 0.1% - 0.2% |
Full APR (int fee ins tax dep) | 29.5% - 30.2% |
Transparency Index (min/max) | 86 - 91 |
Transparency Index (average) | 90 |
31,626 |
RWF 30,000 - 1,500,000 |
4 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
24.0% annual, Flat |
1.00% upfront |
0.08% upfront |
18.00% fees |
10.0% upfront |
18.3% - 49.1% |
1.5% - 8.1% |
0 - 1.1% |
0 - 1.6% |
59.1% - 67.8% |
30 - 81 |
37 |
Outstanding portfolio (INR) | INR 30,902,216 |
Portfolio (USD) | USD 583,060.68 |
Active Clients with Loans | 1,730 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Gujarat, Karnataka, Maharashtra, Orissa, Tamil Nadu |
Outstanding portfolio (RWF) | RWF 3,746,361,055 |
Portfolio (USD) | USD 5,853,689.15 |
Active Clients with Loans | 31,626 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
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 | 30 |
# Regions for this product | 30 |
Regions Active | Bugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza, Nyarugenge, Nyaruguru, Rubavu, Ruhango, Rulindo, Rusizi, Rutsiro, Rwamagana |
Currency | INR |
Minimum loan size | INR 18,000 |
Maximum loan size | 18,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
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 30,000 |
Maximum loan size | 1,500,000 |
Loans less than RWF 500,000 | 90% |
RWF 500,000-1,500,000 | 10% |
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 | 4.0 months |
Approx average | 3.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 27.00% |
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 | 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? | 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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance Premium |
% of loan amount - min | 0.08% |
% of loan amount - max | 0.08% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 18,000 | INR 18,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-01 | 2013-02-08 | 2013-03-30 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 25.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | INR 5,902.50 | INR 5,902.25 | INR 5,902.25 | ||
True Price by Comp | |||||
Interest price component | 26.8% | 26.6% | 26.3% | ||
Fee Component | 1.1% | 1.1% | 1.0% | ||
Insurance Component | 2.2% | 2.1% | 2.1% | ||
Tax Component | 0.1% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.2% | 30.0% | 29.5% | ||
MFIN MFI Earning (Annualised) | 27.9% | 27.7% | 27.3% | ||
MFIN Cost to Borrower (Annualised) | 30.2% | 30.0% | 29.5% | ||
Transparency Index | 89 | 90 | 91 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 250,000 | RWF 1,500,000 | RWF 400,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-08-27 | 2014-09-04 | 2014-08-05 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | RWF 26,290 | RWF 157,724 | RWF 36,393.60 | ||
True Price by Comp | |||||
Interest price component | 49.1% | 49.1% | 41.7% | ||
Fee Component | 5.6% | 5.6% | 5.7% | ||
Insurance Component | 0.5% | 0.5% | 0.4% | ||
Tax Component | 1.1% | 1.1% | 1.1% | ||
Deposit Component | 11.5% | 11.5% | 10.2% | ||
Full APR (int fee ins tax dep) | 67.8% | 67.8% | 59.1% | ||
Transparency Index | 35 | 35 | 41 | ||
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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