Number borrowers | 5,991 |
Loan Amount (range) | INR 15,000 - 35,000 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 120.00-200.00 upfront 7.30% ongoing |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.3% - 26.9% |
Fee Component | 0 - 1.9% |
Insurance Component | 0 - 6.8% |
Tax Component Range | 0 - 0.3% |
Full APR (int fee ins tax dep) | 32.4% - 34.9% |
Transparency Index (min/max) | 69 - 103 |
Transparency Index (average) | 72 |
187 |
RWF 100,000 - 10,000,000 |
4 - 36 |
15.00%-60.00% annual, Flat |
2 fees |
0.12%-10.45% upfront |
18.00% fees |
20.00% upfront |
22.9% - 57.1% |
2.1% - 24.7% |
0 - 0.8% |
0.5% - 4.7% |
43.3% - 96.6% |
16 - 53 |
24 |
Outstanding portfolio (INR) | INR 130,597,737 |
Portfolio (USD) | USD 2,464,108.25 |
Active Clients with Loans | 5,991 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | |
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 | |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 14 |
Regions Active | Bihar, GoaJharkhand, Karnataka, Kerala, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi |
Outstanding portfolio (RWF) | RWF 212,882,269 |
Portfolio (USD) | USD 337,908 |
Active Clients with Loans | 187 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | |
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 | 2 |
# Regions for this product | 5 |
Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 10% |
INR 25,000-35,000 | 90% |
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 100,000 |
Maximum loan size | 10,000,000 |
Loans less than RWF 500,000 | 10% |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | 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 | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Cattle Insurance |
% of loan amount - min | 7.30% |
% of loan amount - max | 7.30% |
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 | 15.00% |
Highest quoted nominal interest | 60.00% |
Reason(s) why interest rate varies | 15% flat for LT (> 4months). 54% flat for monthly ST (< 3 months). 60% flat for single-end ST (< 3months). |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Loan Application & Collateral Visit Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 15,000 | |
Reason for variation | VAT Excluded | LA=10,000RWF, CV=5,000RWF | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Commission on Insurance |
% of loan amount - min | 0.12% |
% of loan amount - max | 10.45% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Varies according to client age & loan duration |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 30,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-17 | 2012-12-18 | 2013-04-03 | ||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.7 months | 1.0 month | 0.3 months | ||
Total Cost of Credit | INR 7,080.24 | INR 12,952.08 | INR 11,649.08 | ||
True Price by Comp | |||||
Interest price component | 25.0% | 26.9% | 25.4% | ||
Fee Component | 1.0% | 1.0% | 1.0% | ||
Insurance Component | 6.3% | 6.8% | 6.5% | ||
Tax Component | 0.1% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.4% | 34.9% | 33.0% | ||
MFIN MFI Earning (Annualised) | 26.0% | 27.9% | 26.4% | ||
MFIN Cost to Borrower (Annualised) | 32.4% | 34.9% | 33.0% | ||
Transparency Index | 74 | 69 | 73 | ||
MFIN Transparency Index | 96 | 89 | 94 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 300,000 | RWF 500,000 | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-06-20 | 2012-10-11 | 2012-05-31 | 2012-04-30 | 2012-03-30 | 2012-06-13 | |||||
Loan Term (Months) | 12.0 months | 3.1 months | 7.0 months | 12.0 months | 18.0 months | 24.0 months | |||||
Grace Period (Months) | 1.0 month | 3.1 months | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||||
Total Cost of Credit | RWF 69,008.99 | RWF 102,548.87 | RWF 71,798.60 | RWF 188,729.96 | RWF 504,749.64 | RWF 990,868.26 | |||||
True Price by Comp | |||||||||||
Interest price component | 26.3% | 55.5% | 25.1% | 26.2% | 26.3% | 26.3% | |||||
Fee Component | 13.1% | 18.3% | 14.1% | 5.9% | 2.4% | 2.1% | |||||
Insurance Component | 0.5% | 0.7% | 0.8% | 0.6% | 0.8% | 0.6% | |||||
Tax Component | 2.6% | 3.5% | 2.8% | 1.1% | 0.6% | 0.5% | |||||
Deposit Component | 21.9% | 18.6% | 21.4% | 17.2% | 14.6% | 13.8% | |||||
Full APR (int fee ins tax dep) | 64.4% | 96.6% | 64.2% | 51.0% | 44.7% | 43.3% | |||||
Transparency Index | 23 | 16 | 23 | 29 | 34 | 35 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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