Number borrowers | 53,850 |
Loan Amount (range) | PKR 20,000 - 150,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 50.00 upfront |
Insurance | None |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | 28.9% - 38.0% |
Fee Component | 0.1% - 1.8% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 40.1% - 45.9% |
Transparency Index (min/max) | 48 - 58 |
Transparency Index (average) | 51 |
13,750 |
RWF 1,000,000 - 50,000,000 |
36 - 60 |
Credit Educ |
13.00%-13.50% annual, Decl Bal |
2 fees |
None |
None |
10.00% upfront |
N/A |
13.1% - 14.4% (Int+Fee) |
0 |
0 |
15.6% - 17.3% |
26 - 83 |
78 |
Outstanding portfolio (PKR) | PKR 1,049,017,866 |
Portfolio (USD) | USD 10,301,355.44 |
Active Clients with Loans | 53,850 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Balochistan, Punjab, Sindh |
Outstanding portfolio (RWF) | RWF 10,000,000,000 |
Portfolio (USD) | USD 15,625,000 |
Active Clients with Loans | 13,750 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Businesses, Cooperatives |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
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 | |
Must be specific age group | |
Other | Only members - soldiers, police officers, veterans |
Other (2) | Spouses and widows of these groups |
# Regions for this institution | 11 |
# Regions for this product | 13 |
Regions Active | Bugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge, Rubavu, Rwamagana |
Currency | PKR |
Minimum loan size | PKR 20,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 40% |
PKR 25,000-50,000 | 50% |
PKR 50,000-75,000 | 5% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.5 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 1,000,000 |
Maximum loan size | 50,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 36.0 months |
Longest loan term | 60.0 months |
Approx average | 48.0 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 | 0 |
Longer than 18 months | 100% |
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? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan renewal fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 50 |
Fixed amount - max | 50 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
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? | No |
Lowest quoted nominal interest | 13.00% |
Highest quoted nominal interest | 13.50% |
Reason(s) why interest rate varies | Government funding requires subsidized rates, used for investment in agriculture. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission | Loan Analysis | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 2,000 | |
Fixed amount - max | 0 | 2,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 30,000 | Real | 2015-03-09 | 12.2 months | N/A | PKR 6,650 | 44.7% | 37.1% | 0.3% | 0.0% | 0.0% | 7.3% | 49 | ||
PKR 30,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 6,378.77 | 43.2% | 36.1% | 0.3% | 0.0% | 0.0% | 6.8% | 51 | - | |
PKR 20,000 | Real | 2015-03-27 | 12.1 months | N/A | PKR 4,450 | 45.9% | 38.0% | 0.4% | 0.0% | 0.0% | 7.5% | 48 | ||
PKR 20,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 4,269.18 | 43.4% | 36.1% | 0.5% | 0.0% | 0.0% | 6.8% | 51 | - | |
PKR 21,000 | Generated | 2015-06-01 | 5.5 months | N/A | PKR 2,176.47 | 40.1% | 33.3% | 0.8% | 0.0% | 0.0% | 6.0% | 55 | - | |
PKR 22,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 4,691.10 | 43.3% | 36.1% | 0.5% | 0.0% | 0.0% | 6.7% | 51 | - | |
PKR 25,000 | Generated | 2015-06-01 | 8.5 months | N/A | PKR 3,967.81 | 42.5% | 35.4% | 0.5% | 0.0% | 0.0% | 6.6% | 52 | - | |
PKR 30,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 6,378.77 | 43.2% | 36.1% | 0.3% | 0.0% | 0.0% | 6.8% | 51 | - | |
PKR 40,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 8,488.36 | 43.1% | 36.1% | 0.3% | 0.0% | 0.0% | 6.7% | 51 | - | |
PKR 80,000 | Generated | 2015-06-01 | 11.5 months | N/A | PKR 16,926.71 | 42.9% | 36.1% | 0.1% | 0.0% | 0.0% | 6.7% | 51 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 1,100,000 | RWF 1,990,444 | RWF 3,000,000 | RWF 4,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 0 | 0 | 0 | 0 | |||
Disbursement Date | 2010-12-01 | 2010-10-14 | 2011-03-15 | 2010-11-26 | |||
Loan Term (Months) | 60.0 months | 48.0 months | 60.0 months | 60.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 14.1% | 14.4% | 13.7% | 13.1% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 2.7% | 2.9% | 2.6% | 2.5% | |||
Full APR (int fee ins tax dep) | 16.8% | 17.3% | 16.3% | 15.6% | |||
Transparency Index | 78 | 75 | 80 | 83 | |||
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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