Number borrowers | 67,453 |
Loan Amount (range) | PKR 15,000 - 25,000 |
Loan Term (range) | 12 - 36 |
Other Services (text summary) | |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 450.00 upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | 5.0%-10.0% upfront |
Range of pricing | |
Interest Price Component | 23.8% - 45.8% |
Fee Component | 2.1% - 7.8% |
Insurance Component | 0 |
Tax Component Range | 0.3% - 1.3% |
Full APR (int fee ins tax dep) | 44.7% - 49.1% |
Transparency Index (min/max) | 45 - 100 |
Transparency Index (average) | 47 |
266 |
RWF 150,000 - 3,500,000 |
6 - 24 |
20.40% annual, Decl Bal |
1.00% upfront |
0.09%-6.02% upfront |
18.00% fees |
N/A |
16.7% - 48.1% |
0.7% - 4.8% |
0.4% - 2.8% |
0.1% - 1.2% |
21.5% - 22.5% |
0 - 95 |
92 |
Outstanding portfolio (PKR) | PKR 1,015,610,286 |
Portfolio (USD) | USD 9,973,293.01 |
Active Clients with Loans | 67,453 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 4 |
Regions Active | Balochistan, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (RWF) | RWF 147,562,778 |
Portfolio (USD) | USD 234,227 |
Active Clients with Loans | 266 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 25,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 100% |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
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 150,000 |
Maximum loan size | 3,500,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 30% |
RWF 2,500,000-3,500,000 | 30% |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
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 | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 50% |
Longer than 18 months | 30% |
Grace period usage | 0 |
Average grace period | 0.3 months |
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? | 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 | 450 |
Fixed amount - max | 450 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | Mandatory Savings deduct for all Group Loan customers |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 5.00% - 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? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 1.70% |
Highest quoted nominal interest | 1.70% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission sur credit |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Assurance sur credit |
% of loan amount - min | 0.09% |
% of loan amount - max | 6.02% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on age, loan amount, loan term |
Appears on Repayment Sched? | No |
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 | 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 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,831.04 | 47.3% | 36.7% | 5.9% | 0.0% | 0.9% | 3.8% | 47 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,492.85 | 46.1% | 36.7% | 4.9% | 0.0% | 0.8% | 3.7% | 48 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,934.05 | 45.4% | 36.7% | 4.4% | 0.0% | 0.7% | 3.6% | 48 | - | |
PKR 21,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,154.66 | 45.2% | 36.7% | 4.2% | 0.0% | 0.6% | 3.7% | 49 | - | |
PKR 22,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,375.26 | 49.1% | 36.7% | 4.0% | 0.0% | 0.6% | 7.8% | 45 | - | |
PKR 23,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,595.86 | 44.7% | 36.7% | 3.8% | 0.0% | 0.6% | 3.6% | 49 | - | |
PKR 24,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,816.47 | 48.7% | 36.7% | 3.7% | 0.0% | 0.5% | 7.8% | 45 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,037.07 | 48.5% | 36.7% | 3.5% | 0.0% | 0.6% | 7.7% | 45 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 261,600 | RWF 487,200 | RWF 1,044,000 | RWF 2,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | |||
Disbursement Date | 2012-03-27 | 2012-02-22 | 2012-01-26 | 2011-11-24 | |||
Loan Term (Months) | 12.0 months | 18.0 months | 25.0 months | 18.0 months | |||
Grace Period (Months) | 1.0 month | 1.0 month | 1.3 months | 1.0 month | |||
Total Cost of Credit | RWF 32,988.68 | RWF 88,448.61 | RWF 253,623.48 | RWF 363,100 | |||
True Price by Comp | |||||||
Interest price component | 19.7% | 19.9% | 19.7% | 19.8% | |||
Fee Component | 1.9% | 1.3% | 1.1% | 1.4% | |||
Insurance Component | 0.5% | 0.5% | 0.4% | 0.4% | |||
Tax Component | 0.4% | 0.3% | 0.3% | 0.3% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 22.5% | 22.0% | 21.5% | 21.9% | |||
Transparency Index | 91 | 93 | 95 | 93 | |||
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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