| Outstanding portfolio (PKR) | PKR 17,017,748 |
| Portfolio (USD) | USD 173,650.49 |
| Active Clients with Loans | 233 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | 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 |
| Currency | PKR |
| Minimum loan size | PKR 20,000 |
| Maximum loan size | 150,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 5% |
| PKR 25,000-50,000 | 15% |
| PKR 50,000-75,000 | 60% |
| PKR 75,000-150,000 | 20% |
| Greater than PKR 150,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 10% |
| 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 | x |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 20.00% |
| Reason(s) why interest rate varies | Collateral |
| 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 | 638 |
| Fixed amount - max | 870 |
| Reason for variation | Fee applies on different types of collateral. Insurance fee is part of the 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PKR 27,000 | PKR 45,000 | PKR 120,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-26 | 2012-05-19 | 2013-06-10 | ||
| Loan Term (Months) | 12.0 months | 18.0 months | 24.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | PKR 3,892 | PKR 6,423 | PKR 5,939 | ||
| True Price by Comp | |||||
| Interest price component | 19.8% | 14.9% | 4.0% | ||
| Fee Component | 5.4% | 2.2% | 0.6% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.9% | 0.4% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 26.1% | 17.5% | 4.7% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | http://www.coopedu.rw/ |
| Year established | 1997 |
| Head of Institution | Murebwayire Denise |
| Regions active | Gasabo, Kicukiro |
| # Branches | 7 |
| Total Portfolio (nat'l) | RWF 4,756,395,805 |
| Total Portfolio (USD) | USD 7,549,834.61 |
| Active clients with loans | 2,029 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | AMIR |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avance Sur Salaire | RWF 150,000 - 3,500,000 | 6 - 24 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | ||||||||
| Credit Femmes Entrepreneurs | RWF 300,000 - 2,000,000 | 6 - 12 | 80% - 100% | 80% - 100% | Business | Women, Have business, Must be a COOPEDU member for at least 1 month. | ||||||||
| Credit Group D'Epargne Et Credit | RWF 300,000 - 2,400,000 | 4 - 12 | 80% - 100% | 80% - 100% | Business | Women | ||||||||
| Credit Minerval | RWF 100,000 - 2,000,000 | 3 - 12 | 80% - 100% | 80% - 100% | Education | Women, Men | Credit Educ, Other Training | |||||||
| Credit Ordinaire | RWF 500,000 - 30,000,000 | 12 - 60 | 60% - 80% | 80% - 100% | Business, Housing, Consumer | Women, Men | Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avance Sur Salaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 20.8% - 21.6% | 21.5% - 22.5% | 92 | ||||||||
| Credit Femmes Entrepreneurs | 12.96% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 20.00% upfront | 24.7% - 25% | 49.2% - 83.5% | 18 | ||||||||
| Credit Group D'Epargne Et Credit | 26.00% annual, Flat | 1 Fee | 2 Ins | 18.00% fees | 10.00% upfront | 49.8% - 51.4% | 70% - 74.2% | 36 | ||||||||
| Credit Minerval | 16.80% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 18.2% - 21.6% | 19% - 22.9% | 81 | ||||||||
| Credit Ordinaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 21% - 22.1% | 21.7% - 22.9% | 91 |
| 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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