Outstanding portfolio (KES) | KES 8,351,429.17 |
Portfolio (USD) | USD 100,862.67 |
Active Clients with Loans | 886 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Coast |
Currency | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 10,000 |
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 | 6.0 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 | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 22.50% |
Highest quoted nominal interest | 22.50% |
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 | Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 400 |
Fixed amount - max | 0 |
Reason for variation | KES 400 Minimum |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Emergency Fund |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Rural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10% |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 15.00% |
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 | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 10,000 | KES 10,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-07-22 | 2013-07-24 | 2013-07-18 | ||
Loan Term (Months) | 9.0 months | 12.0 months | 9.0 months | ||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
Total Cost of Credit | KES 2,237.50 | KES 2,800 | KES 2,237.50 | ||
True Price by Comp | |||||
Interest price component | 39.5% | 40.3% | 39.5% | ||
Fee Component | 10.6% | 8.4% | 10.6% | ||
Insurance Component | 4.1% | 3.3% | 4.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 30.4% | 33.1% | 30.4% | ||
Full APR (int fee ins tax dep) | 84.6% | 85.1% | 84.6% | ||
Transparency Index | 26 | 26 | 26 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2006 |
Head of Institution | Munyankumburwa Samuel |
Regions active | Bugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge |
# Branches | 4 |
Total Portfolio (nat'l) | RWF 2,378,245,166 |
Total Portfolio (USD) | USD 3,716,008.07 |
Active clients with loans | 2,076 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AMIR |
Funders | Banqu Nationale Du Rwanda, Banque Rwandaise De Development |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-Elevage Loan | RWF 1,000,000 - 15,000,000 | 6 - 36 | 0% - 20% | 0% - 20% | Business | Women, Men | Credit Ins, Tech Asst Visits, Business Training | |||||||
Autres Credits | RWF 100,000 - 10,000,000 | 1 - 24 | 0% - 20% | 40% - 60% | Consumer, Education, Other | Women, Men | Business Training, Other Training | |||||||
Commerce Loan | RWF 500,000 - 30,000,000 | 6 - 36 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Construction Loan | RWF 500,000 - 30,000,000 | 12 - 60 | 20% - 40% | 60% - 80% | Business, Housing, Consumer | Women, Men, Have business | Credit Educ, Credit Ins, Business Training | |||||||
Equipement pour le Transport Loan | RWF 1,000,000 - 10,000,000 | 12 - 36 | 0% - 20% | 60% - 80% | Business, Consumer | Women, Men, Have business | Credit Ins, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-Elevage Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 14.1% - 56% | 14.7% - 57.3% | 58 | ||||||||
Autres Credits | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.4% - 72% | 16.1% - 72% | 45 | ||||||||
Commerce Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.1% - 20% | 18.7% - 49.9% | 61 | ||||||||
Construction Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 16.9% - 18.1% | 16.9% - 19% | 88 | ||||||||
Equipement pour le Transport Loan | 16.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 17.5% - 18.8% | 18.6% - 19.4% | 83 |
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