Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	4,000,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	40%
KES 50,000-150,000	40%
KES 150,000-250,000	10%
KES 250,000-350,000	5%
KES 350,000-450,000	5%
Greater than KES 450,000	5%

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	10.0 months
Approx average	7.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	10%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 1,000,000
Maximum loan size	7,500,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	0
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%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	20%
Between 4 and 6 months	30%
Between 7 and 9 months	30%
Between 10 and 12 months	20%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?

No

Additional Comments

Loan amounts and interest rates different for wholesale. The product is structured in a way that the client pays for one installment upfront. This is why the first installment is almost immediately after disbursement and since the policy acts as the security, the installment caters for the period between lodging the claim to insurance and payment in case of default.

Pricing Information

Interest

Upfront Fees

	Fee 1		Fee 2
Description	Commission		Stationery
% of loan amount - min	2.00%		0
% of loan amount - max	2.00%		0
OR, Fixed amount - min	0		5,000
Fixed amount - max	0		20,000
Reason for variation	N/A		N/A
Appears on Repayment Sched?	No		Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?

No

Insurance Premium Finance Loan Price Graphs

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