Number borrowers | 33,590 |
Loan Amount (range) | PKR 10,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0%-38.4% annual, Decl Bal |
Fees | 230.00-980.00 upfront |
Insurance | None |
Tax | 16.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 4.0% - 41.0% |
Fee Component | 0.4% - 8.6% |
Insurance Component | 0 |
Tax Component Range | 0 - 0.9% |
Full APR (int fee ins tax dep) | 27.8% - 40.6% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | N/A |
233 |
RWF 50,000 - 3,000,000 |
3 - 24 |
Credit Educ |
48.00% annual, Decl Bal |
2 fees |
0.00%-1.00% upfront |
None |
N/A |
15.0% - 46.2% |
0.9% - 29.9% |
0 - 0.6% |
0 |
26.3% - 76.1% |
33 - 182 |
88 |
Outstanding portfolio (PKR) | PKR 823,809,529 |
Portfolio (USD) | USD 8,406,219.68 |
Active Clients with Loans | 33,590 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
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 | Small animal purchase, raring, fattening and productivity enhancement of large animals |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Gilgit-Baltistan, Khyber Pakhtunkwa, Punjab, Sindh |
Outstanding portfolio (RWF) | RWF 116,837,850 |
Portfolio (USD) | USD 185,457 |
Active Clients with Loans | 233 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | 3 |
# Regions for this product | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 80% |
PKR 25,000-50,000 | 10% |
PKR 50,000-75,000 | 5% |
PKR 75,000-150,000 | 5% |
Greater than PKR 150,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 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 | x |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 50,000 |
Maximum loan size | 3,000,000 |
Loans less than RWF 500,000 | 20% |
RWF 500,000-1,500,000 | 30% |
RWF 1,500,000-2,500,000 | 30% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 13.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 38.40% |
Reason(s) why interest rate varies | Branch, Loan Repayment Type (bullet & Installment) |
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 | Loan Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 230 |
Fixed amount - max | 980 |
Reason for variation | Fee applies on different loan slabs. Insurance fee is part of processing fee |
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 | 4.00% |
Highest quoted nominal interest | 4.00% |
Reason(s) why interest rate varies | Loan Purpose |
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 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Processing Fee | |
% of loan amount - min | 1.00% | 1.50% | |
% of loan amount - max | 1.00% | 1.50% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Protection |
% of loan amount - min | 0 |
% 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 |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PKR 30,000 | PKR 50,000 | PKR 70,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-23 | 2013-06-20 | 2013-09-30 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | 0.0 months | 0.2 months | ||
Total Cost of Credit | PKR 10,296 | PKR 11,719 | PKR 19,179 | ||
True Price by Comp | |||||
Interest price component | 32.0% | 37.8% | 26.0% | ||
Fee Component | 2.7% | 2.4% | 1.8% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.4% | 0.4% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 35.1% | 40.6% | 27.8% | ||
Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 4 | Sample 5 | Sample 6 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 110,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | 2 | |||
Disbursement Date | 2012-08-01 | 2012-08-24 | 2012-07-19 | 2012-07-12 | |||
Loan Term (Months) | 3.1 months | 1.0 month | 1.0 month | 24.0 months | |||
Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | RWF 7,150 | RWF 65,000 | RWF 130,000 | RWF 881,712 | |||
True Price by Comp | |||||||
Interest price component | 23.3% | 46.2% | 46.2% | 23.7% | |||
Fee Component | 15.1% | 29.9% | 29.9% | 2.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 38.4% | 76.1% | 76.1% | 26.3% | |||
Transparency Index | 100 | 63 | 63 | 100 | |||
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 |
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