| Number borrowers | 900 |
| Loan Amount (range) | KES 100,000 - 4,000,000,000 |
| Loan Term (range) | 1 - 48 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 8.5%-10.0% annual, Flat |
| Fees | 2.00%-3.00% upfront |
| Insurance | 0.63% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 13.4% - 37.3% |
| Fee Component | 0 - 11.0% |
| Insurance Component | 0 - 2.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 20.4% - 21.5% |
| Transparency Index (min/max) | 37 - 83 |
| Transparency Index (average) | 40 |
| 2,500 |
| RWF 100,000 - 2,500,000 |
| 12 |
| Credit Educ, Tech Asst Visits, Business Training |
| 24.00% annual, Flat |
| 1.00% upfront |
| None |
| 18.00% fees |
| 20.00% upfront |
| 26.1% - 45.7% |
| 1.1% - 4.1% |
| 0 - 0.4% |
| 0.3% - 0.8% |
| 52.0% - 52.3% |
| 28 - 54 |
| 46 |
| Outstanding portfolio (KES) | KES 250,477,647 |
| Portfolio (USD) | USD 3,025,092.36 |
| Active Clients with Loans | 900 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | Loan specifically used for purchase of assets. |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Equity customer for at least a month or other bank statement |
| Other (2) | Purchased asset is used as loan security |
| # Regions for this institution | 8 |
| # Regions for this product | 8 |
| Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
| Outstanding portfolio (RWF) | RWF 220,979,541 |
| Portfolio (USD) | USD 345,280.53 |
| Active Clients with Loans | 2,500 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 21 |
| Regions Active | Burera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi |
| Currency | KES |
| Minimum loan size | KES 100,000 |
| Maximum loan size | 4,000,000,000 |
| Loans less than KES 50,000 | 0 |
| KES 50,000-150,000 | 0 |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 70% |
| Greater than KES 450,000 | 70% |
| Shortest loan term | 1.0 month |
| Longest loan term | 48.0 months |
| Approx average | 48.0 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 | 10% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | RWF |
| Minimum loan size | RWF 100,000 |
| Maximum loan size | 2,500,000 |
| Loans less than RWF 500,000 | 60% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 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 | 6.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 8.50% |
| Highest quoted nominal interest | 10.00% |
| Reason(s) why interest rate varies | Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | LACE (Loan Application & Credit Evaluation) Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 3% for 1st cycle, 2% for multiple cycle loans |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Annual Insurance Fee |
| % of loan amount - min | 0.63% |
| % of loan amount - max | 0.63% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 0.625% per annum. |
| 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? | No |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission 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? | 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 | 10.00% |
| 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 | Some |
| Sample 3 | Sample 4 | Sample 5 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 300,000 | KES 400,000 | KES 510,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-09 | 2013-05-16 | 2013-05-24 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 37.0 months | ||
| Grace Period (Months) | 0.1 months | 0.2 months | 0.1 months | ||
| Total Cost of Credit | KES 70,875 | KES 94,500 | KES 174,037.50 | ||
| True Price by Comp | |||||
| Interest price component | 18.8% | 18.6% | 18.5% | ||
| Fee Component | 2.0% | 2.1% | 1.5% | ||
| Insurance Component | 0.7% | 0.6% | 0.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 21.5% | 21.3% | 20.4% | ||
| Transparency Index | 40 | 40 | 42 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 200,000 | RWF 300,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 3 | 5 | ||
| Disbursement Date | 2011-11-18 | 2012-03-08 | 2012-03-08 | ||
| Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | ||
| Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | ||
| Total Cost of Credit | RWF 19,180 | RWF 38,360 | RWF 57,540 | ||
| True Price by Comp | |||||
| Interest price component | 33.6% | 33.4% | 33.4% | ||
| Fee Component | 2.0% | 2.0% | 2.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.4% | 0.4% | 0.4% | ||
| Deposit Component | 16.3% | 16.2% | 16.2% | ||
| Full APR (int fee ins tax dep) | 52.3% | 52.0% | 52.0% | ||
| Transparency Index | 46 | 46 | 46 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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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