Number borrowers | 214 |
Loan Amount (range) | KES 3,000 - 100,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 20.0% upfront 100.00 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) | 66.5% - 113.4% |
Transparency Index (min/max) | 15 - 38 |
Transparency Index (average) | 25 |
338 |
RWF 300,000 - 2,000,000 |
6 - 12 |
12.96% annual, Flat |
1.00% upfront |
0.09%-1.12% upfront |
18.00% fees |
20.00% upfront |
16.7% - 48.1% |
0.7% - 4.8% |
0.4% - 2.8% |
0.1% - 1.2% |
49.2% - 83.5% |
0 - 95 |
18 |
Outstanding portfolio (KES) | KES 3,499,842.73 |
Portfolio (USD) | USD 42,268.63 |
Active Clients with Loans | 214 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nairobi, Rift Valley, Western |
Outstanding portfolio (RWF) | RWF 154,736,132 |
Portfolio (USD) | USD 245,613 |
Active Clients with Loans | 338 |
Approximate % Female Clients | 80% - 100% |
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 | |
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 | Must be a COOPEDU member for at least 1 month. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 4 |
Regions Active | Gasabo, Kicukiro, Nyarugenge, Rwamagana |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 100,000 |
Loans less than KES 50,000 | 100% |
KES 50,000-150,000 | 0 |
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 | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
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 | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 300,000 |
Maximum loan size | 2,000,000 |
Loans less than RWF 500,000 | 30% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 40% |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
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 100 |
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 | 1.08% |
Highest quoted nominal interest | 1.08% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission sur credit |
% 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 | Assurance sur credit |
% of loan amount - min | 0.09% |
% of loan amount - max | 1.12% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on age, loan amount, loan term |
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 | 10.00% |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 40,000 | KES 99,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-06-24 | 2013-07-10 | 2013-05-08 | 2013-02-11 | |||
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 2,300 | KES 5,750 | KES 9,200 | KES 22,770 | |||
True Price by Comp | |||||||
Interest price component | 35.6% | 35.6% | 35.6% | 35.6% | |||
Fee Component | 2.0% | 2.0% | 2.0% | 2.0% | |||
Insurance Component | 4.1% | 4.1% | 4.1% | 4.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 71.7% | 37.2% | 30.6% | 24.8% | |||
Full APR (int fee ins tax dep) | 113.4% | 78.9% | 72.3% | 66.5% | |||
Transparency Index | 18 | 25 | 28 | 30 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2012-05-31 | 2012-02-09 | 2012-02-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
Total Cost of Credit | RWF 72,245.20 | RWF 144,486.40 | RWF 288,980.80 | ||
True Price by Comp | |||||
Interest price component | 22.8% | 23.0% | 23.0% | ||
Fee Component | 1.9% | 2.0% | 2.0% | ||
Insurance Component | 0.5% | 0.4% | 0.4% | ||
Tax Component | 0.4% | 0.4% | 0.4% | ||
Deposit Component | 50.5% | 57.7% | 23.4% | ||
Full APR (int fee ins tax dep) | 76.1% | 83.5% | 49.2% | ||
Transparency Index | 17 | 16 | 26 | ||
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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