2. KWFT DTM
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. RML
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kenya Women Finance Trust Deposit Taking Microfinance Ltd P.O. Box 4179 - 00506Kiambere Road, Upper HillNairobi
Data approved: 2013-06-24
Data version: 2
Age of data: 141 months
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Institution

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 143 months
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Product

Agricultural Loan Product 4 of 6 « Prev | Next »

Product

SME Loan Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers7,643
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 & Method20.0%-22.0% annual, Flat
Fees1.00%-1.50% upfront upfront
Insurance1.25% upfront
TaxNone
Comp Dep10.0%-20.0% upfront 50.00-0.00 ongoing
Range of pricing 
Interest Price Component34.5% - 38.0%
Fee Component1.4% - 7.7%
Insurance Component1.2% - 4.6%
Tax Component Range0
Full APR (int fee ins tax dep)47.0% - 56.9%
Transparency Index (min/max)20 - 43
Transparency Index (average)36

Product Summary

772
RWF 1,000,000 - 15,000,000
6 - 24
Credit Educ, Group Mtgs, Credit Ins
48.00%-60.00% annual, Decl Bal
3.00% upfront
1.50% upfront
None
0.00%-20.00% upfront
 
47.0% - 58.6%
5.6% - 10.6%
2.1% - 4.7%
0
88.3% - 101.3%
47 - 87
49

Product Details

Key Statistics
Outstanding portfolio (KES)KES 585,094,703
Portfolio (USD)USD 7,066,361.15
Active Clients with Loans7,643
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loan to individuals, full business ownership or management, security is loan guarantee funds and chattels mortgage, monthly repayment, loan period 6-36 months
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherLeadership
Other (2)Women Empowerment
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 1,191,962,390
Portfolio (USD)USD 1,862,441.23
Active Clients with Loans772
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Offered to individual entrepreneurs. Business or household assets used as collateral.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveMuhanga, Musanze, Nyarugenge

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size45,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,0000
KES 50,000-150,00030%
KES 150,000-250,00020%
KES 250,000-350,00015%
KES 350,000-450,00015%
Greater than KES 450,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months50%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 1,000,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months30%
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.83%
Reason(s) why interest rate variesLoan Size
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeChattels Fee
% of loan amount - min1.00%0
% of loan amount - max1.50%0
OR, Fixed amount - min00
Fixed amount - max01,500
Reason for variationLoans 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?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Management Fee
% of loan amount - min1.25%
% of loan amount - max1.25%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaIdv 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
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0 - 1.00%
or, Fixed-amount depositedKES 50 - 0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid6.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAdministration Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationCovers loss of life and permanent total disability
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaMore risky clients asked to give cash collateral upto 20%
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agricultural Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 10,000KES 30,000KES 50,000KES 95,000KES 300,000KES 500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-172013-05-152013-03-062013-06-192013-05-132013-04-18
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months15.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 2,587.08KES 7,425KES 12,375.04KES 23,512.54KES 83,383.91KES 112,993.86
True Price by Comp           
Interest price component37.8%37.6%37.6%37.8%34.6%34.6%
Fee Component5.0%3.0%3.0%2.9%2.4%2.5%
Insurance Component2.5%2.5%2.5%2.5%2.1%2.5%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component11.6%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 Index323432334342
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

SME Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 1,050,000RWF 2,000,000RWF 3,200,000RWF 4,200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-312012-08-232012-08-142012-07-24
Loan Term (Months)7.0 months9.0 months9.0 months9.0 months
Grace Period (Months)0.2 months0.1 months0.1 months0.4 months
Total Cost of CreditRWF 229,672.45RWF 629,298.88RWF 1,007,162.06RWF 1,386,216.14
True Price by Comp       
Interest price component47.1%58.6%58.6%58.5%
Fee Component9.1%7.7%7.7%7.3%
Insurance Component4.7%4.0%4.0%3.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component27.4%31.0%31.0%29.4%
Full APR (int fee ins tax dep)88.3%101.3%101.3%99.0%
Transparency Index54474748
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agricultural Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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