Outstanding portfolio (INR) | INR 26,971,403 |
Portfolio (USD) | USD 508,894.40 |
Active Clients with Loans | 391 |
Approximate % Female Clients | 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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Currency | INR |
Minimum loan size | INR 2,000 |
Maximum loan size | 5,000 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
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 | 100% |
Average grace period | 1.0 month |
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 | 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 | 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 |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 9.34 |
Fixed amount - max | 23.35 |
Reason for variation | Rs 4.67 for every Rs. 1000 for a year. |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 2,000 | INR 3,000 | INR 5,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-24 | 2012-11-24 | 2012-11-24 | ||
Loan Term (Months) | 13.0 months | 13.0 months | 13.0 months | ||
Grace Period (Months) | 0.6 months | 0.5 months | 0.6 months | ||
Total Cost of Credit | INR 343.81 | INR 520.71 | INR 880.53 | ||
True Price by Comp | |||||
Interest price component | 26.2% | 26.2% | 26.0% | ||
Fee Component | 1.9% | 1.8% | 1.8% | ||
Insurance Component | 0.9% | 0.9% | 0.8% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.2% | 29.1% | 28.8% | ||
MFIN MFI Earning (Annualised) | 28.1% | 28.0% | 27.8% | ||
MFIN Cost to Borrower (Annualised) | 29.2% | 29.1% | 28.8% | ||
Transparency Index | 89 | 89 | 90 | ||
MFIN Transparency Index | 99 | 99 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2005 |
Head of Institution | Ndahayo Jules Theoneste |
Regions active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
# Branches | 0 |
Total Portfolio (nat'l) | RWF 1,026,255,074 |
Total Portfolio (USD) | USD 1,710,425.12 |
Active clients with loans | 3,391 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 0% - 20% |
Network affiliations | AMIR, MAIN |
Funders | Les membres qui libirent les parts sociales, ONG Trocaire, UNCDF, Terrafina |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Decouvert (One Month) Loan | RWF 500,000 - 1,500,000 | 1 | 0% - 20% | 20% - 40% | Any Purpose | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Microloan | RWF 50,000 - 1,999,999 | 4 - 12 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Ordinary Loan | RWF 2,000,000 - 5,000,000 | 12 - 18 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men | Credit Educ, Credit Ins, Business Training | |||||||
Youth Business Loan | RWF 50,000 - 2,000,000 | 4 - 24 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Specific age group | Credit Educ, Credit Ins, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Decouvert (One Month) Loan | 96.00% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 93.8% | 93.8% | 100 | ||||||||
Microloan | 22.80% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00%-15.00% upfront | 41% - 41.2% | 50.2% - 55.7% | 44 | ||||||||
Ordinary Loan | 22.80% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00%-15.00% upfront | 23.6% - 23.8% | 29.5% - 31.7% | 75 | ||||||||
Youth Business Loan | 21.60% annual, Decl Bal | 0 Fees | 0 Ins | 18.00% fees | 10.00% upfront | 22.7% - 24% | 28.5% - 30.3% | 74 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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