2. SVCL
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Wisigara
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

SV Creditline Pvt Ltd 10th Floor,Tower D,Global Business ParkGurgaon, HaryanaPO Box 122002
Data approved: 2013-03-31
Data version: 3
Age of data: 136 months
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Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588
Data approved: 2012-11-07
Data version: 2
Age of data: 140 months
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Product

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Product

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Product Summary

Number borrowers118,217
Loan Amount (range)INR 8,000 - 14,000
Loan Term (range)10.7
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method30.0% annual, Decl Bal
Fees1.00% upfront
Insurance112.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component29.9%
Fee Component2.3%
Insurance Component1.9% - 2.6%
Tax Component Range0.3%
Full APR (int fee ins tax dep)34.4% - 35.1%
Transparency Index (min/max)85 - 87
Transparency Index (average)86

Product Summary

76
RWF 100,000 - 2,000,000
3 - 12
Credit Educ, Business Training, Education Finance
24.00%-60.00% annual, Decl Bal
2 fees
0.08%-2.32% upfront
None
20.00% upfront
 
17.6% - 57.8%
2.1% - 20.3%
0.3% - 0.7%
0
42.5% - 110.7%
22 - 80
35

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,000,987,853
Portfolio (USD)USD 18,886,563.26
Active Clients with Loans118,217
Approximate % Female Clients100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan is targeted at women borrowers engaged in small business activities. The loan is offered to customers together with a life insurance. Loan term is 46 weeks.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
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 area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveMadhya Pradesh, Rajasthan, Uttar Pradesh

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 119,052,448
Portfolio (USD)USD 186,019.45
Active Clients with Loans76
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
All other types of credit, combination of public works loans, transport, communications, etc.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
OtherEducation Finance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institution6
# Regions for this product7
Regions ActiveBurera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term10.7 months
Longest loan term10.7 months
Approx average10.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00040%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest30.00%
Highest quoted nominal interest30.00%
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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 - min112
Fixed amount - max112
Reason for variationInsurance depends on loan size.
Appears on Repayment Sched?No
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 interest2.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommissionPaper Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min01,500
Fixed amount - max01,500
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0.08%
% of loan amount - max2.32%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on client age & loan term
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
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 paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Income Generation Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 12,000INR 14,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-01-282013-01-28
Loan Term (Months)11.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,660.36INR 1,966.83INR 2,279.30
True Price by Comp     
Interest price component29.9%29.9%29.9%
Fee Component2.3%2.3%2.3%
Insurance Component2.6%2.2%1.9%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.1%34.7%34.4%
MFIN MFI Earning (Annualised)32.2%32.2%32.2%
MFIN Cost to Borrower (Annualised)35.1%34.7%34.4%
Transparency Index858787
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Others Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 120,000RWF 200,000RWF 500,000RWF 1,300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-07-102012-11-122012-10-152012-08-01
Loan Term (Months)3.1 months3.1 months6.0 months15.0 months
Grace Period (Months)1.0 month3.1 months1.0 month1.0 month
Total Cost of CreditRWF 16,035RWF 29,725RWF 47,344RWF 238,425
True Price by Comp       
Interest price component57.8%45.0%23.7%23.7%
Fee Component20.3%11.1%8.3%3.6%
Insurance Component0.7%0.4%0.6%0.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component31.9%13.5%16.2%14.9%
Full APR (int fee ins tax dep)110.7%70.0%48.8%42.5%
Transparency Index22344957
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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