Number borrowers | 2,912 |
Loan Amount (range) | KES 3,000 - 78,000 |
Loan Term (range) | 6 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Home-based care training, HIV/AIDS counseling |
Annual Interest & Method | 18.0%-36.0% annual, Flat |
Fees | 1,000.00 upfront |
Insurance | 400.00-0.00 ongoing |
Tax | None |
Comp Dep | 20.0% upfront 200.00 ongoing |
Range of pricing | |
Interest Price Component | 34.7% - 65.7% |
Fee Component | 4.0% - 59.3% |
Insurance Component | 5.4% - 18.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 110.0% - 232.9% |
Transparency Index (min/max) | 8 - 16 |
Transparency Index (average) | 11 |
957 |
RWF 100,000 - 5,000,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
48.00%-60.00% annual, Decl Bal |
2 fees |
1.50% upfront |
None |
N/A |
47.0% - 58.6% |
5.6% - 10.6% |
2.1% - 4.7% |
0 |
55.3% - 71.4% |
47 - 87 |
75 |
Outstanding portfolio (KES) | KES 29,500,723 |
Portfolio (USD) | USD 356,288.93 |
Active Clients with Loans | 2,912 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Home-based care training |
Other (2) | HIV/AIDS counseling |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Nyanza, Rift Valley, Western |
Outstanding portfolio (RWF) | RWF 534,473,298 |
Portfolio (USD) | USD 835,114.53 |
Active Clients with Loans | 957 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Group meetings | x |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Muhanga, Musanze, Nyarugenge |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 78,000 |
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 0 |
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 | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
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 | 5,000,000 |
Loans less than RWF 500,000 | 15% |
RWF 500,000-1,500,000 | 15% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 15% |
Greater than RWF 4,500,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 50% |
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 | 18.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Nominal interest rate varies based on the loan term. Shorter term loans attract higher annual rates. |
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 | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 1,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 400 |
Fixed amount - max | 0 |
Reason for variation | First cycle loan pay 400 and multiple cycle loans pay 3% |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 200 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | Time as Client |
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 | Fee 2 | ||
---|---|---|---|
Description | Administration Fee | Notification Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 8,000 | |
Fixed amount - max | 0 | 8,000 | |
Reason for variation | N/A | For Loans above RWF 1,000,000 | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Covers loss of life and permanent total disability |
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 | |||
---|---|---|---|---|---|
Loan Amount | KES 7,500 | KES 30,000 | KES 55,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-07-15 | 2013-07-15 | 2013-07-15 | ||
Loan Term (Months) | 5.8 months | 9.0 months | 11.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | KES 2,744 | KES 7,299.64 | KES 12,538.24 | ||
True Price by Comp | |||||
Interest price component | 65.7% | 45.3% | 34.7% | ||
Fee Component | 59.3% | 9.6% | 4.0% | ||
Insurance Component | 18.8% | 7.1% | 5.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 89.1% | 95.5% | 65.9% | ||
Full APR (int fee ins tax dep) | 232.9% | 157.5% | 110.0% | ||
Transparency Index | 8 | 11 | 16 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 110,000 | RWF 270,000 | RWF 500,000 | RWF 1,050,000 | RWF 1,874,282.72 | RWF 2,800,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-08-08 | 2012-07-26 | 2012-09-05 | 2012-06-22 | 2012-07-25 | 2012-09-25 | |||||
Loan Term (Months) | 12.0 months | 9.0 months | 9.0 months | 10.0 months | 15.0 months | 9.0 months | |||||
Grace Period (Months) | 0.3 months | -0.3 months | -0.1 months | 0.4 months | 0.2 months | 0.0 months | |||||
Total Cost of Credit | RWF 36,976.04 | RWF 65,050 | RWF 150,425.56 | RWF 365,929.29 | RWF 766,421.03 | RWF 874,328.47 | |||||
True Price by Comp | |||||||||||
Interest price component | 47.0% | 47.1% | 58.6% | 54.7% | 47.1% | 58.6% | |||||
Fee Component | 5.9% | 8.3% | 8.2% | 8.4% | 5.6% | 8.7% | |||||
Insurance Component | 3.0% | 4.3% | 4.2% | 3.5% | 2.6% | 4.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 55.9% | 59.7% | 71.0% | 66.6% | 55.3% | 71.4% | |||||
Transparency Index | 86 | 80 | 68 | 72 | 87 | 67 | |||||
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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