| Outstanding portfolio (INR) | INR 401,868,015 |
| Portfolio (USD) | USD 8,930,400 |
| Active Clients with Loans | 43,209 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Income Genration |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| 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 | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | 21-55 |
| Other (2) |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 18,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 14.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 25.90% |
| Highest quoted nominal interest | 25.90% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Processing fees and Insurance fees | 1% of loan disbursed where both the borrower as well as guarantors are covered. The fees is entirely paid to insurance company as insurance premium and the company doesnot retain any administrative fees | |
| % of loan amount - min | 1.00% | 1.00% | |
| % of loan amount - max | 1.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | |||
| Appears on Repayment Sched? | Yes | 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? | No |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2006 |
| Head of Institution | Munyankumburwa Samuel |
| Regions active | Bugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge |
| # Branches | 4 |
| Total Portfolio (nat'l) | RWF 2,378,245,166 |
| Total Portfolio (USD) | USD 3,716,008.07 |
| Active clients with loans | 2,076 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AMIR |
| Funders | Banqu Nationale Du Rwanda, Banque Rwandaise De Development |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri-Elevage Loan | RWF 1,000,000 - 15,000,000 | 6 - 36 | 0% - 20% | 0% - 20% | Business | Women, Men | Credit Ins, Tech Asst Visits, Business Training | |||||||
| Autres Credits | RWF 100,000 - 10,000,000 | 1 - 24 | 0% - 20% | 40% - 60% | Consumer, Education, Other | Women, Men | Business Training, Other Training | |||||||
| Commerce Loan | RWF 500,000 - 30,000,000 | 6 - 36 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
| Construction Loan | RWF 500,000 - 30,000,000 | 12 - 60 | 20% - 40% | 60% - 80% | Business, Housing, Consumer | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
| Equipement pour le Transport Loan | RWF 1,000,000 - 10,000,000 | 12 - 36 | 0% - 20% | 60% - 80% | Business, Consumer | Women, Men, Have business | Credit Ins, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri-Elevage Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 14.1% - 56% | 14.7% - 57.3% | 58 | ||||||||
| Autres Credits | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.4% - 72% | 16.1% - 72% | 45 | ||||||||
| Commerce Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.1% - 20% | 18.7% - 49.9% | 61 | ||||||||
| Construction Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 16.9% - 18.1% | 16.9% - 19% | 88 | ||||||||
| Equipement pour le Transport Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 17.5% - 18.8% | 18.6% - 19.4% | 83 |
| 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 |
|---|---|---|---|---|---|---|---|
