Number borrowers | 12,388 |
Loan Amount (range) | PKR 3,000 - 75,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Group Mtgs |
Annual Interest & Method | 22.0% annual, Flat |
Fees | 3.00% upfront 2.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 37.7% - 38.2% |
Fee Component | 10.1% - 10.3% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.8% - 48.5% |
Transparency Index (min/max) | 45 - 46 |
Transparency Index (average) | 45 |
1,039 |
RWF 20,000 - 1,000,000 |
3 - 24 |
Credit Educ, Business Training, Other Training |
24.00% annual, Decl Bal |
2 fees |
0.08%-4.28% upfront |
None |
20.00% upfront |
17.6% - 57.8% |
2.1% - 20.3% |
0.3% - 0.7% |
0 |
29.9% - 42.4% |
22 - 80 |
63 |
Outstanding portfolio (PKR) | PKR 80,158,167 |
Portfolio (USD) | USD 787,153.20 |
Active Clients with Loans | 12,388 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
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 | x |
Credit insurance | |
Workplace visits | |
Business training | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Sindh |
Outstanding portfolio (RWF) | RWF 338,744,076 |
Portfolio (USD) | USD 529,287.62 |
Active Clients with Loans | 1,039 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | 7 |
Regions Active | Burera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro |
Currency | PKR |
Minimum loan size | PKR 3,000 |
Maximum loan size | 75,000 |
Loans less than PKR 10,000 | 5% |
PKR 10,000-25,000 | 90% |
PKR 25,000-50,000 | 5% |
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 | 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 | |
Irregular payments |
Currency | RWF |
Minimum loan size | RWF 20,000 |
Maximum loan size | 1,000,000 |
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 | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 20% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | x |
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 | Fee 2 | ||
---|---|---|---|
Description | Registration Fee | Emergency Fund Fee | |
% of loan amount - min | 3.00% | 2.00% | |
% of loan amount - max | 3.00% | 2.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | Registration fee is charged @ 3% of disbursment amount. | Emergency Fund Fee is charged @ 2% of disbursement amount. | |
Appears on Repayment Sched? | No | 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 |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission | Paper Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 1,500 | |
Fixed amount - max | 0 | 1,500 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0.08% |
% of loan amount - max | 4.28% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age & loan term |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
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 25,000 | Real | 2015-02-01 | 12.0 months | N/A | PKR 6,750 | 48.5% | 38.2% | 10.3% | 0.0% | 0.0% | 0.0% | 45 | ||
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,765.07 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 10,000 | Real | 2015-03-01 | 12.0 months | N/A | PKR 2,700 | 47.8% | 37.7% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | ||
PKR 10,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 2,706.03 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 10,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 2,706.03 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,059.04 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,412.05 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 22,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,953.26 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,765.07 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - | |
PKR 60,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 16,236.16 | 47.9% | 37.8% | 10.1% | 0.0% | 0.0% | 0.0% | 46 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-03-05 | 2012-10-19 | 2012-08-22 | 2012-08-06 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | |||
Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | 3.1 months | |||
Total Cost of Credit | RWF 18,725 | RWF 44,562.50 | RWF 87,625 | RWF 228,500 | |||
True Price by Comp | |||||||
Interest price component | 23.2% | 23.3% | 23.3% | 17.6% | |||
Fee Component | 6.1% | 4.5% | 3.9% | 2.1% | |||
Insurance Component | 0.3% | 0.4% | 0.4% | 0.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 12.8% | 12.2% | 11.9% | 9.7% | |||
Full APR (int fee ins tax dep) | 42.4% | 40.4% | 39.5% | 29.9% | |||
Transparency Index | 57 | 59 | 61 | 80 | |||
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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