Number borrowers | 3,162 |
Loan Amount (range) | PKR 25,000 - 150,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 24.0%-26.0% annual, Decl Bal |
Fees | 600.00-1,000.00 upfront |
Insurance | 1.10% upfront |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.8% - 50.1% |
Fee Component | 1.3% - 14.5% |
Insurance Component | 0.8% - 2.9% |
Tax Component Range | 0.3% - 2.8% |
Full APR (int fee ins tax dep) | 27.3% - 40.9% |
Transparency Index (min/max) | 42 - 99 |
Transparency Index (average) | 72 |
348 |
RWF 250,000 - 6,000,000 |
6 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
18.0% annual, Flat |
1.50% upfront |
0.08% upfront |
18.00% fees |
15.0% upfront |
18.3% - 49.1% |
1.5% - 8.1% |
0 - 1.1% |
0 - 1.6% |
60.6% |
30 - 81 |
30 |
Outstanding portfolio (PKR) | PKR 84,233,426.32 |
Portfolio (USD) | USD 827,172.25 |
Active Clients with Loans | 3,162 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (RWF) | RWF 152,959,823 |
Portfolio (USD) | USD 238,999.72 |
Active Clients with Loans | 348 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
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 | 30 |
# Regions for this product | 14 |
Regions Active | Bugesera, Gasabo, Gatsibo, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyamagabe, Nyarugenge, Ruhango, Rusizi, Rwamagana |
Currency | PKR |
Minimum loan size | PKR 25,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 10% |
PKR 25,000-50,000 | 70% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 10% |
Greater than PKR 150,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 5% |
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 |
Currency | RWF |
Minimum loan size | RWF 250,000 |
Maximum loan size | 6,000,000 |
Loans less than RWF 500,000 | 10% |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 10% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
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 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 600 |
Fixed amount - max | 1,000 |
Reason for variation | for fresh clients- 1000, for repeat clients-600 |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 1.50% |
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 | Loan Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance Premium |
% of loan amount - min | 0.08% |
% of loan amount - max | 0.08% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - | |
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 | - |
Sample 1 | |
---|---|
Loan Amount | RWF 600,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2014-08-21 |
Loan Term (Months) | 5.8 months |
Grace Period (Months) | 0.5 months |
Total Cost of Credit | RWF 80,950.60 |
True Price by Comp | |
Interest price component | 36.1% |
Fee Component | 8.1% |
Insurance Component | 0.3% |
Tax Component | 1.6% |
Deposit Component | 14.5% |
Full APR (int fee ins tax dep) | 60.6% |
Transparency Index | 30 |
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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