| Number borrowers | 14,839 |
| Loan Amount (range) | KES 1,000 - 300,000 |
| Loan Term (range) | 6 - 18 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| Annual Interest & Method | 20.0% annual, Decl Bal |
| Fees | 2.00%-3.00% upfront |
| Insurance | 0.63% upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| 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) | 43.9% - 52.7% |
| Transparency Index (min/max) | 37 - 83 |
| Transparency Index (average) | 42 |
| 338 |
| RWF 300,000 - 2,000,000 |
| 6 - 12 |
| 12.96% annual, Flat |
| 1.00% upfront |
| 0.09%-1.12% upfront |
| 18.00% fees |
| 20.00% upfront |
| 16.7% - 48.1% |
| 0.7% - 4.8% |
| 0.4% - 2.8% |
| 0.1% - 1.2% |
| 49.2% - 83.5% |
| 0 - 95 |
| 18 |
| Outstanding portfolio (KES) | KES 604,912,277 |
| Portfolio (USD) | USD 7,305,703.83 |
| Active Clients with Loans | 14,839 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| 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 | x |
| Business training | x |
| Other training | x |
| 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 | |
| Other | |
| Other (2) |
| # 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 154,736,132 |
| Portfolio (USD) | USD 245,613 |
| Active Clients with Loans | 338 |
| Approximate % Female Clients | 80% - 100% |
| 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 | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must be a COOPEDU member for at least 1 month. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge, Rwamagana |
| Currency | KES |
| Minimum loan size | KES 1,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 40% |
| KES 50,000-150,000 | 50% |
| KES 150,000-250,000 | 10% |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 5% |
| 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 |
| Currency | RWF |
| Minimum loan size | RWF 300,000 |
| Maximum loan size | 2,000,000 |
| Loans less than RWF 500,000 | 30% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 40% |
| 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 | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 |
| Lowest quoted nominal interest | 1.67% |
| Highest quoted nominal interest | 1.67% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| 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? | Yes |
| 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? | Yes |
| Required for | All |
| Criteria | Savings interest depends on the balance that is in the account |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.08% |
| Highest quoted nominal interest | 1.08% |
| 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 sur credit |
| % 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 |
| Ins 1 | |
|---|---|
| Description | Assurance sur credit |
| % of loan amount - min | 0.09% |
| % of loan amount - max | 1.12% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on age, loan amount, loan term |
| 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 | All |
| Sample 1 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 9,999.95 | KES 48,000 | KES 94,999.92 | KES 189,999.96 | KES 319,999.84 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-05-28 | 2013-05-20 | 2013-05-11 | 2013-05-03 | 2013-05-28 | ||||
| Loan Term (Months) | 11.0 months | 12.0 months | 13.0 months | 12.0 months | 24.0 months | ||||
| Grace Period (Months) | -0.7 months | 0.0 months | 0.5 months | -0.4 months | 0.0 months | ||||
| Total Cost of Credit | KES 2,138.77 | KES 10,860 | KES 21,493.71 | KES 41,615.20 | KES 136,399.92 | ||||
| True Price by Comp | |||||||||
| Interest price component | 37.3% | 34.4% | 32.0% | 36.0% | 34.1% | ||||
| Fee Component | 4.6% | 4.0% | 3.7% | 4.3% | 2.2% | ||||
| Insurance Component | 1.4% | 1.2% | 1.2% | 1.3% | 0.7% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 9.4% | 7.9% | 7.0% | 8.8% | 6.9% | ||||
| Full APR (int fee ins tax dep) | 52.7% | 47.5% | 43.9% | 50.4% | 43.9% | ||||
| Transparency Index | 38 | 42 | 46 | 40 | 46 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
| Disbursement Date | 2012-05-31 | 2012-02-09 | 2012-02-28 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
| Total Cost of Credit | RWF 72,245.20 | RWF 144,486.40 | RWF 288,980.80 | ||
| True Price by Comp | |||||
| Interest price component | 22.8% | 23.0% | 23.0% | ||
| Fee Component | 1.9% | 2.0% | 2.0% | ||
| Insurance Component | 0.5% | 0.4% | 0.4% | ||
| Tax Component | 0.4% | 0.4% | 0.4% | ||
| Deposit Component | 50.5% | 57.7% | 23.4% | ||
| Full APR (int fee ins tax dep) | 76.1% | 83.5% | 49.2% | ||
| Transparency Index | 17 | 16 | 26 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
