Number borrowers | 255 |
Loan Amount (range) | KES 5,000 - 1,600,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 18.0%-19.5% annual, Flat |
Fees | 3.00% upfront |
Insurance | 1.20% upfront |
Tax | None |
Comp Dep | 20.0%-30.0% upfront 400.00 ongoing |
Range of pricing | |
Interest Price Component | 19.3% - 39.1% |
Fee Component | 3.3% - 11.5% |
Insurance Component | 1.4% - 4.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 70.6% - 104.4% |
Transparency Index (min/max) | 17 - 51 |
Transparency Index (average) | 21 |
331 |
RWF 500,000 - 30,000,000 |
6 - 36 |
Credit Educ, Credit Ins, Business Training |
16.00% annual, Decl Bal |
2.00% upfront |
1.00%-10.00% upfront |
None |
N/A |
N/A |
15.1% - 20.0% (Int+Fee) |
0 - 34.9% |
0 |
18.7% - 49.9% |
22 - 109 |
61 |
Outstanding portfolio (KES) | KES 15,278,267 |
Portfolio (USD) | USD 184,520.13 |
Active Clients with Loans | 255 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
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 | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Outstanding portfolio (RWF) | RWF 778,112,618 |
Portfolio (USD) | USD 1,215,800.97 |
Active Clients with Loans | 331 |
Approximate % Female Clients | 20% - 40% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 13 |
# Regions for this product | 16 |
Regions Active | Bugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 1,600,000 |
Loans less than KES 50,000 | 10% |
KES 50,000-150,000 | 60% |
KES 150,000-250,000 | 15% |
KES 250,000-350,000 | 15% |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 |
Currency | RWF |
Minimum loan size | RWF 500,000 |
Maximum loan size | 30,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 40% |
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 | 18.00% |
Highest quoted nominal interest | 19.50% |
Reason(s) why interest rate varies | Time as Client |
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 | Loan Application Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Annual Loan Protection Fee |
% of loan amount - min | 1.20% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Upfront: Sol group loans =20%. Individual loans =30%. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 20.00% - 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 400 |
Conditions on access to deposit | End Term |
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 | 16.00% |
Highest quoted nominal interest | 16.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Life |
% of loan amount - min | 1.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age, term and amount. |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 12,000 | KES 25,000 | KES 50,000 | KES 95,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-26 | 2013-01-24 | 2013-03-25 | 2013-05-17 | |||
Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | -0.2 months | -0.1 months | -0.1 months | 0.1 months | |||
Total Cost of Credit | KES 1,824 | KES 6,549.96 | KES 13,100 | KES 24,890 | |||
True Price by Comp | |||||||
Interest price component | 38.6% | 39.1% | 38.5% | 37.4% | |||
Fee Component | 11.5% | 6.2% | 6.2% | 6.0% | |||
Insurance Component | 4.7% | 2.6% | 2.5% | 2.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 49.6% | 39.5% | 30.0% | 24.8% | |||
Full APR (int fee ins tax dep) | 104.4% | 87.4% | 77.2% | 70.6% | |||
Transparency Index | 17 | 21 | 23 | 25 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | RWF 3,800,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-01-27 | 2011-02-23 | 2011-02-02 | 2011-02-18 | 2011-01-26 | ||||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | 36.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 20.0% | 18.1% | 15.1% | 18.1% | 17.4% | ||||
Insurance Component | 1.0% | 2.1% | 34.9% | 0.6% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 20.9% | 20.2% | 49.9% | 18.7% | 19.7% | ||||
Transparency Index | 76 | 79 | 32 | 86 | 81 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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