2. BIMAS
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central
Data approved: 2013-07-16
Data version: 2
Age of data: 141 months
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Product

Mifugo Loan Product 4 of 8 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KES)KES 6,247,245
Portfolio (USD)USD 75,449.82
Active Clients with Loans176
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is an agribusiness loan primarily for dairy farmers.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00020%
KES 50,000-150,00080%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term9.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months50%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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 - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Mifugo Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 50,000KES 50,000KES 80,000KES 80,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-232013-01-312013-06-272013-06-17
Loan Term (Months)10.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.5 months0.5 months0.5 months0.5 months
Total Cost of CreditKES 11,050KES 7,750KES 21,200KES 21,200
True Price by Comp       
Interest price component38.4%36.7%38.8%38.8%
Fee Component4.9%7.3%4.1%4.1%
Insurance Component6.4%9.3%5.2%5.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component42.3%43.1%38.2%38.2%
Full APR (int fee ins tax dep)92.0%96.4%86.3%86.3%
Transparency Index24232525
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Mifugo Loan Price Graphs


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  2. RML
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 143 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2004
Head of InstitutionBernard Kivava
Regions activeMuhanga, Musanze, Nyarugenge
# Branches4

Total Portfolio (nat'l)RWF 2,223,220,010
Total Portfolio (USD)USD 3,473,781.27
Active clients with loans4,960
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAMIR
FundersMicro Africa Ltd, Ezra Bunyenyezi

Loan Products » Summary

Group
3,231 Borrowers
USD 776,788 Portfolio
Active Product
Salary
957 Borrowers
USD 835,114.53 Portfolio
Active Product
SME
772 Borrowers
USD 1,862,441.23 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan RWF 30,000 - 1,000,000 6 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan RWF 100,000 - 5,000,000 6 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
SME Loan RWF 1,000,000 - 15,000,000 6 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Decl Bal 1 Fee 1 Ins None 10.00% upfront 59% - 62.4% 72.5% - 78.4% 63
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins None N/A 52.7% - 67.3% 55.3% - 71.4% 75
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins None 0.00%-20.00% upfront 56.2% - 66.3% 88.3% - 101.3% 49
Institution Price Graph
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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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