| 34,286 |
| RWF 30,000 - 1,500,000 |
| 4 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training |
| 30.0% annual, Flat |
| 1.00% upfront |
| 0.80% upfront |
| 18.00% fees |
| 10.0% upfront 10.00% ongoing |
| 19.8% - 51.7% |
| 2.0% - 5.7% |
| 0.3% - 4.5% |
| 0.4% - 1.9% |
| 76.8% |
| 32 - 80 |
| 39 |
| Outstanding portfolio (PKR) | PKR 100,000 |
| Portfolio (USD) | USD 1,020.41 |
| Active Clients with Loans | 1 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 100% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| 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 | 2 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (RWF) | RWF 7,376,714,139 |
| Portfolio (USD) | USD 11,526,115.84 |
| Active Clients with Loans | 34,286 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| 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 | 22 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 30,000 |
| Maximum loan size | 1,500,000 |
| Loans less than RWF 500,000 | 50% |
| RWF 500,000-1,500,000 | 50% |
| RWF 1,500,000-2,500,000 | 0 |
| 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 | 4.0 months |
| Longest loan term | 4.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| 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 | 1.00% |
| % of loan amount - max | 1.00% |
| 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 | 0.80% |
| % of loan amount - max | 0.80% |
| 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 | 10.00% |
| 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 | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 120,000 | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | 32 | 2 | 4 | 10 | |||
| Disbursement Date | 2012-09-14 | 2012-09-13 | 2012-09-20 | 2012-09-20 | |||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | 4.0 months | |||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | 0.5 months | |||
| Total Cost of Credit | RWF 14,256.80 | RWF 29,700 | RWF 59,408 | RWF 118,817 | |||
| True Price by Comp | |||||||
| Interest price component | 51.7% | 51.7% | 51.7% | 51.7% | |||
| Fee Component | 5.7% | 5.7% | 5.7% | 5.7% | |||
| Insurance Component | 4.5% | 4.5% | 4.5% | 4.5% | |||
| Tax Component | 1.9% | 1.9% | 1.9% | 1.9% | |||
| Deposit Component | 13.0% | 13.0% | 13.0% | 13.0% | |||
| Full APR (int fee ins tax dep) | 76.8% | 76.8% | 76.8% | 76.8% | |||
| Transparency Index | 39 | 39 | 39 | 39 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
