| Number borrowers | 489 |
| Loan Amount (range) | KES 50,000 - 300,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Insurance - optional |
| Annual Interest & Method | 22.0% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 20.0% upfront 500.00 ongoing |
| Range of pricing | |
| Interest Price Component | 28.1% - 38.9% |
| Fee Component | 1.9% - 3.8% |
| Insurance Component | 4.0% - 7.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 73.0% - 119.1% |
| Transparency Index (min/max) | 15 - 38 |
| Transparency Index (average) | 25 |
| 2,738 |
| RWF 2,000,000 - 5,000,000 |
| 12 - 18 |
| Credit Educ, Credit Ins, Business Training |
| 22.80% annual, Decl Bal |
| None |
| None |
| 18.00% fees |
| 10.00%-15.00% upfront |
| 21.3% - 93.8% |
| 0 - 2.7% |
| 0 - 0.6% |
| 0 - 0.6% |
| 29.5% - 31.7% |
| 0 |
| 75 |
| Outstanding portfolio (KES) | KES 54,650,456.25 |
| Portfolio (USD) | USD 660,029.66 |
| Active Clients with Loans | 489 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Only working capital |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Health Insurance - optional |
| 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 | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Nairobi, Rift Valley, Western |
| Outstanding portfolio (RWF) | RWF 259,525,562 |
| Portfolio (USD) | USD 432,543 |
| Active Clients with Loans | 2,738 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| 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 | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| 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 | 10 |
| # Regions for this product | 10 |
| Regions Active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
| Currency | KES |
| Minimum loan size | KES 50,000 |
| Maximum loan size | 300,000 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 70% |
| 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 | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 50% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| 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 2,000,000 |
| Maximum loan size | 5,000,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 18.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 60% |
| 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 | 22.00% |
| Highest quoted nominal interest | 22.00% |
| 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 Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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 |
| 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 | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 500 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.50% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 22.80% |
| Highest quoted nominal interest | 22.80% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 10.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 50,000 | KES 95,000 | KES 200,000 | KES 350,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-06-21 | 2013-07-12 | 2013-07-09 | 2013-07-17 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | KES 12,500 | KES 23,750 | KES 50,000 | KES 87,500 | |||
| True Price by Comp | |||||||
| Interest price component | 38.9% | 38.9% | 38.9% | 38.9% | |||
| Fee Component | 2.1% | 2.0% | 2.0% | 2.0% | |||
| Insurance Component | 4.1% | 4.2% | 4.2% | 4.2% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 74.0% | 45.4% | 32.3% | 27.9% | |||
| Full APR (int fee ins tax dep) | 119.1% | 90.5% | 77.4% | 73.0% | |||
| Transparency Index | 18 | 24 | 28 | 30 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 2,000,000 | RWF 3,000,000 | RWF 4,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | |||||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | RWF 535,114 | RWF 819,226.60 | RWF 1,092,305.80 | ||
| True Price by Comp | |||||
| Interest price component | 22.6% | 22.7% | 22.6% | ||
| Fee Component | 1.0% | 1.0% | 1.0% | ||
| Insurance Component | 0.1% | 0.6% | 0.6% | ||
| Tax Component | 0.2% | 0.3% | 0.3% | ||
| Deposit Component | 7.8% | 4.9% | 4.9% | ||
| Full APR (int fee ins tax dep) | 31.7% | 29.6% | 29.5% | ||
| Transparency Index | 0 | 0 | 0 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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