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 11,510,734 |
Portfolio (USD) | USD 113,035.41 |
Active Clients with Loans | 405 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0 |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Men | |
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 | 1 |
# 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 | ||||||
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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 | ||||||
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Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |