| Outstanding portfolio (INR) | INR 6,336,899,594 |
| Portfolio (USD) | USD 119,564,143.30 |
| Active Clients with Loans | 688,874 |
| 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 | |
| Other training | |
| Other | Financial Literacy Training |
| Other (2) | Life Insurance |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Can be used for spouses/son's business |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 80% |
| INR 15,000-25,000 | 20% |
| 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 | 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 | 80% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 24.00% |
| Highest quoted nominal interest | 25.00% |
| Reason(s) why interest rate varies | Time as Client |
| 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 | Credit Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 120 |
| Fixed amount - max | 200 |
| Reason for variation | Insurance cover customer & spouse for a year. |
| Appears on Repayment Sched? | 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 | 12.4% |
| All or some fees taxed | Some |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 9,000 | INR 18,000 | INR 30,000 | INR 40,000 | INR 50,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | 2013-04-18 | 2013-04-18 | ||||
| Loan Term (Months) | 13.0 months | 25.0 months | 25.0 months | 25.0 months | 25.0 months | ||||
| Grace Period (Months) | 0.6 months | 1.1 months | 0.8 months | 0.8 months | 0.8 months | ||||
| Total Cost of Credit | INR 1,533.79 | INR 4,165 | INR 6,618.92 | INR 9,070.44 | INR 11,186.80 | ||||
| True Price by Comp | |||||||||
| Interest price component | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | ||||
| Fee Component | 1.8% | 1.4% | 1.4% | 1.4% | 1.4% | ||||
| Insurance Component | 2.4% | 2.4% | 1.5% | 2.1% | 1.7% | ||||
| Tax Component | 0.3% | 0.2% | 0.1% | 0.2% | 0.2% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
| MFIN MFI Earning (Annualised) | 25.5% | 25.1% | 25.1% | 25.1% | 25.1% | ||||
| MFIN Cost to Borrower (Annualised) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
| Transparency Index | 85 | 87 | 90 | 88 | 89 | ||||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | 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 | Jean Damascene Nkurikiyinka |
| Regions active | Ngororero, Nyabihu |
| # Branches | 1 |
| Total Portfolio (nat'l) | RWF 477,814,327 |
| Total Portfolio (USD) | USD 758,435.44 |
| Active clients with loans | 827 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMIR |
| Funders | AQUADEV |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ordinaire 30% | RWF 12,000 - 5,000,000 | 3 - 36 | 0% - 20% | 0% - 20% | Any Purpose | Women, Men | Credit Educ | |||||||
| Ordinaire 18% | RWF 100,000 - 5,000,000 | 3 - 24 | 0% - 20% | 0% - 20% | Any Purpose | Women, Men, Salaried worker | Credit Educ | |||||||
| Ordinaire 19% | RWF 1,000,000 - 5,000,000 | 13 - 36 | 20% - 40% | 0% - 20% | Business, Credit Agricole Avec Subvention RIF2 | Women, Men, Have business, Autrest Immobilisations | Credit Educ | |||||||
| Urgence 60% | RWF 15,000 - 5,000,000 | 3 | 0% - 20% | 0% - 20% | Any Purpose | Women, Men | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ordinaire 30% | 30.00% annual, Decl Bal | 2 Fees | 1 Ins | 18.00% fees | 20.00% upfront | 19.9% - 37.1% | 45.9% - 72.1% | 53 | ||||||||
| Ordinaire 18% | 18.00% annual, Decl Bal | 2 Fees | 1 Ins | 18.00% fees | N/A | 19.4% - 20.3% | 20.3% - 21.3% | 86 | ||||||||
| Ordinaire 19% | 19.00% annual, Decl Bal | 2 Fees | 1 Ins | 18.00% fees | 20.00% upfront | 20% - 22.9% | 30.3% - 37.4% | 57 | ||||||||
| Urgence 60% | 60.00% annual, Flat | 2 Fees | 0 Ins | 18.00% fees | N/A | 63.6% - 66.1% | 65.1% - 68% | 90 |
| 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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