2. FINCA
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Wisigara
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab
Data approved: 2015-04-17
Data version: 2
Age of data: 113 months
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Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588
Data approved: 2012-11-07
Data version: 2
Age of data: 143 months
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Product

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Product Summary

Number borrowers3,162
Loan Amount (range)PKR 25,000 - 150,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method24.0%-26.0% annual, Decl Bal
Fees600.00-1,000.00 upfront
Insurance1.10% upfront
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component23.8% - 50.1%
Fee Component1.3% - 14.5%
Insurance Component0.8% - 2.9%
Tax Component Range0.3% - 2.8%
Full APR (int fee ins tax dep)27.3% - 40.9%
Transparency Index (min/max)42 - 99
Transparency Index (average)72

Product Summary

76
RWF 100,000 - 2,000,000
3 - 12
Credit Educ, Business Training, Education Finance
24.00%-60.00% annual, Decl Bal
2 fees
0.08%-2.32% upfront
None
20.00% upfront
 
17.6% - 57.8%
2.1% - 20.3%
0.3% - 0.7%
0
42.5% - 110.7%
22 - 80
35

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 84,233,426.32
Portfolio (USD)USD 827,172.25
Active Clients with Loans3,162
Approximate % Female Clients0% - 20%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Term Loan with repayment model of monthly equal installment
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveKhyber Pakhtunkwa, Punjab, Sindh

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 119,052,448
Portfolio (USD)USD 186,019.45
Active Clients with Loans76
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
All other types of credit, combination of public works loans, transport, communications, etc.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
OtherEducation Finance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product7
Regions ActiveBurera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 25,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00010%
PKR 25,000-50,00070%
PKR 50,000-75,00010%
PKR 75,000-150,00010%
Greater than PKR 150,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months90%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00040%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min600
Fixed amount - max1,000
Reason for variationfor fresh clients- 1000, for repeat clients-600
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.10%
% of loan amount - max1.10%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees16%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommissionPaper Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min01,500
Fixed amount - max01,500
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0.08%
% of loan amount - max2.32%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on client age & loan term
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Sunehri Karza samples
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 25,000 Generated 2015-06-01 9.0 months N/A PKR 4,274.36 40.9% 25.7% 10.1% 2.9% 2.2% 0.0% 59 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 5,945.14 35.9% 25.7% 6.6% 2.2% 1.4% 0.0% 67 - PDF
PKR 35,000 Generated 2015-06-01 12.0 months N/A PKR 6,742.67 34.8% 25.7% 5.6% 2.2% 1.3% 0.0% 69 - PDF
PKR 40,000 Generated 2015-06-01 12.0 months N/A PKR 7,540.19 34.0% 25.7% 4.9% 2.2% 1.2% 0.0% 71 - PDF
PKR 45,000 Generated 2015-06-01 12.0 months N/A PKR 8,337.71 33.3% 25.7% 4.4% 2.1% 1.1% 0.0% 72 - PDF
PKR 50,000 Generated 2015-06-01 12.0 months N/A PKR 8,843.05 31.8% 24.8% 3.8% 2.2% 1.0% 0.0% 75 - PDF
PKR 65,000 Generated 2015-06-01 12.0 months N/A PKR 11,147.97 30.7% 24.8% 2.9% 2.2% 0.8% 0.0% 78 - PDF
PKR 90,000 Generated 2015-06-01 18.0 months N/A PKR 20,407.25 27.3% 23.8% 1.5% 1.5% 0.5% 0.0% 88 - PDF

Full Pricing Data

Others Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 120,000RWF 200,000RWF 500,000RWF 1,300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-07-102012-11-122012-10-152012-08-01
Loan Term (Months)3.1 months3.1 months6.0 months15.0 months
Grace Period (Months)1.0 month3.1 months1.0 month1.0 month
Total Cost of CreditRWF 16,035RWF 29,725RWF 47,344RWF 238,425
True Price by Comp       
Interest price component57.8%45.0%23.7%23.7%
Fee Component20.3%11.1%8.3%3.6%
Insurance Component0.7%0.4%0.6%0.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component31.9%13.5%16.2%14.9%
Full APR (int fee ins tax dep)110.7%70.0%48.8%42.5%
Transparency Index22344957
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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