Number borrowers | 7,643 |
Loan Amount (range) | KES 10,000 - 45,000,000 |
Loan Term (range) | 6 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Leadership, Women Empowerment |
Annual Interest & Method | 20.0%-22.0% annual, Flat |
Fees | 1.00%-1.50% upfront upfront |
Insurance | 1.25% upfront |
Tax | None |
Comp Dep | 10.0%-20.0% upfront 50.00-0.00 ongoing |
Range of pricing | |
Interest Price Component | 34.5% - 38.0% |
Fee Component | 1.4% - 7.7% |
Insurance Component | 1.2% - 4.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.0% - 56.9% |
Transparency Index (min/max) | 20 - 43 |
Transparency Index (average) | 36 |
137 |
RWF 100,000 - 10,000,000 |
1 - 36 |
14.00%-60.00% annual, Flat |
2 fees |
0.12%-10.45% upfront |
18.00% fees |
10.00% upfront |
22.9% - 57.1% |
2.1% - 24.7% |
0 - 0.8% |
0.5% - 4.7% |
34.7% - 79.0% |
16 - 53 |
25 |
Outstanding portfolio (KES) | KES 585,094,703 |
Portfolio (USD) | USD 7,066,361.15 |
Active Clients with Loans | 7,643 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | Leadership |
Other (2) | Women Empowerment |
No other services |
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 | |
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 169,101,065 |
Portfolio (USD) | USD 268,414 |
Active Clients with Loans | 137 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 5 |
Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
Currency | KES |
Minimum loan size | KES 10,000 |
Maximum loan size | 45,000,000 |
Loans less than KES 50,000 | 0 |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 20% |
KES 250,000-350,000 | 15% |
KES 350,000-450,000 | 15% |
Greater than KES 450,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 50% |
Longer than 18 months | 20% |
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 |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 10,000,000 |
Loans less than RWF 500,000 | 10% |
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% |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 19.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 15% |
Longer than 18 months | 30% |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 1.67% |
Highest quoted nominal interest | 1.83% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Chattels Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 1,500 | |
Reason for variation | Loans below 100,000 KES = 1.5% with 250 KES minimum. Loans 100,000 KES and above = 1% | Charged only on loans KES 100,000 and above. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Risk Management Fee |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Idv loans =10% upfront & 1% ongoing. Grp Loans <KES 100,000 =10% upfront & >KES 100,000 =20% upfront. Loans >KES 45,000 =KES 400 ongoing, <KES 45,000 loans =KES 50 ongoing. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 - 1.00% |
or, Fixed-amount deposited | KES 50 - 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 60.00% |
Reason(s) why interest rate varies | 14% flat for LT (>4 months). 48% flat for monthly ST (< 3 months). 60% flat for single-end ST (< 3 months) |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission | Loan Application & Collateral Visit Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 15,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Commission on Insurance |
% of loan amount - min | 0.12% |
% of loan amount - max | 10.45% |
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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
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 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 30,000 | KES 50,000 | KES 95,000 | KES 300,000 | KES 500,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-05-17 | 2013-05-15 | 2013-03-06 | 2013-06-19 | 2013-05-13 | 2013-04-18 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 15.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | KES 2,587.08 | KES 7,425 | KES 12,375.04 | KES 23,512.54 | KES 83,383.91 | KES 112,993.86 | |||||
True Price by Comp | |||||||||||
Interest price component | 37.8% | 37.6% | 37.6% | 37.8% | 34.6% | 34.6% | |||||
Fee Component | 5.0% | 3.0% | 3.0% | 2.9% | 2.4% | 2.5% | |||||
Insurance Component | 2.5% | 2.5% | 2.5% | 2.5% | 2.1% | 2.5% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 11.6% | 9.2% | 12.5% | 10.6% | 7.9% | 8.2% | |||||
Full APR (int fee ins tax dep) | 56.9% | 52.3% | 55.6% | 53.8% | 47.0% | 47.8% | |||||
Transparency Index | 32 | 34 | 32 | 33 | 43 | 42 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 300,000 | RWF 500,000 | RWF 500,000 | RWF 2,000,000 | RWF 2,000,000 | RWF 4,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-10-11 | 2012-09-21 | 2012-06-11 | 2012-08-03 | 2012-04-18 | 2012-08-02 | |||||
Loan Term (Months) | 12.0 months | 7.0 months | 12.0 months | 3.1 months | 12.0 months | 2.0 months | |||||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 3.1 months | 1.0 month | 2.0 months | |||||
Total Cost of Credit | RWF 66,008.99 | RWF 68,881.60 | RWF 98,214.98 | RWF 357,095.48 | RWF 319,759.90 | RWF 494,494.40 | |||||
True Price by Comp | |||||||||||
Interest price component | 24.7% | 23.8% | 24.6% | 55.5% | 22.9% | 57.1% | |||||
Fee Component | 13.0% | 14.3% | 8.9% | 9.0% | 4.4% | 11.3% | |||||
Insurance Component | 0.6% | 0.8% | 0.6% | 0.7% | 0.5% | 0.8% | |||||
Tax Component | 2.6% | 2.8% | 1.8% | 1.8% | 0.9% | 2.2% | |||||
Deposit Component | 8.6% | 8.5% | 7.4% | 7.0% | 6.0% | 7.6% | |||||
Full APR (int fee ins tax dep) | 49.5% | 50.2% | 43.3% | 74.0% | 34.7% | 79.0% | |||||
Transparency Index | 28 | 28 | 32 | 19 | 40 | 18 | |||||
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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