| 489 |
| RWF 250,000 - 6,000,000 |
| 4 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Business Training |
| 24.0% annual, Flat |
| 1.50% upfront |
| 0.80% upfront |
| 18.00% fees |
| 15.0% upfront 15.00% ongoing |
| 19.8% - 51.7% |
| 2.0% - 5.7% |
| 0.3% - 4.5% |
| 0.4% - 1.9% |
| 69.5% - 74.5% |
| 32 - 80 |
| 33 |
| Outstanding portfolio (PKR) | PKR 28,446,503.41 |
| Portfolio (USD) | USD 279,344.66 |
| Active Clients with Loans | 409 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | N/A |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| 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 | 6 |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (RWF) | RWF 484,070,000 |
| Portfolio (USD) | USD 756,359.38 |
| Active Clients with Loans | 489 |
| 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 | 22 |
| # Regions for this product | N/A |
| Regions Active |
| 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 | 4.0 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 | 50% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| 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 | 0.80% |
| % 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 | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 15.00% |
| 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 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 250,000 | RWF 500,000 | RWF 950,000 | RWF 1,900,000 | RWF 3,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | 5 | 5 | ||||
| Disbursement Date | 2012-09-19 | 2012-09-19 | 2012-08-30 | 2012-09-06 | 2012-07-18 | ||||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | 6.0 months | ||||
| Grace Period (Months) | 0.9 months | 0.9 months | 1.0 month | 1.0 month | 0.9 months | ||||
| Total Cost of Credit | RWF 36,660 | RWF 73,308 | RWF 253,567 | RWF 507,171 | RWF 439,534 | ||||
| True Price by Comp | |||||||||
| Interest price component | 39.7% | 39.7% | 40.9% | 41.1% | 39.7% | ||||
| Fee Component | 5.4% | 5.4% | 3.0% | 3.0% | 5.4% | ||||
| Insurance Component | 3.0% | 3.0% | 1.6% | 1.6% | 2.9% | ||||
| Tax Component | 1.5% | 1.5% | 0.9% | 0.8% | 1.5% | ||||
| Deposit Component | 24.9% | 24.9% | 23.1% | 23.4% | 24.9% | ||||
| Full APR (int fee ins tax dep) | 74.5% | 74.5% | 69.5% | 69.9% | 74.4% | ||||
| Transparency Index | 32 | 32 | 35 | 34 | 32 | ||||
| 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 ∞ | ||||||
