2. ECLOF
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  2. Urwego

Institution

Ecumenical Church Foundation, Inc. Rm. 200 BLVDM Ecumenical Center879 EDSA, West TriangleQuezon City, Metro Manila1104
Data approved: 2011-11-15
Data version: 1
Age of data: 163 months

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 2012-09-27
Data version: 2
Age of data: -   months 
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Product

Micro Individual Loans Product 3 of 4 « Prev | Next »

Product

Community Banking Product 2 of 4 « Prev | Next »

Product Summary

Number borrowers1,043
Loan Amount (range)PHP 15,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Credit Ins, Business Training, Burial Assistance
Annual Interest & Method36.0%-42.0% annual, Flat
Fees3.00%-4.00% upfront
Insurance0.75% upfront
TaxNone
Comp Dep1.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component72.9% - 116.5% (Int+Fee)
Insurance Component1.8% - 3.8%
Tax Component Range0
Full APR (int fee ins tax dep)82.9% - 122.7%
Transparency Index (min/max)24 - 80
Transparency Index (average)36

Product Summary

34,286
RWF 30,000 - 1,500,000
4
Credit Educ, Group Mtgs, Credit Ins, Business Training
30.0% annual, Flat
1.00% upfront
0.80% upfront
18.00% fees
10.0% upfront 10.00% ongoing
 
19.8% - 51.7%
2.0% - 5.7%
0.3% - 4.5%
0.4% - 1.9%
76.8%
32 - 80
39

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 18,125,692
Portfolio (USD)USD 433,629
Active Clients with Loans1,043
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microenterprise loans for clients graduate of former MicroSolidarity Loans and for skilled microentrepreneurs that lack the capitalization.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherBurial Assistance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 7,376,714,139
Portfolio (USD)USD 11,526,115.84
Active Clients with Loans34,286
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Group members 20 to 60 individuals; groups members must have a business; member co guarantee each other (Social guarantee)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution22
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 15,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 30,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00050%
RWF 500,000-1,500,00050%
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.50%
Reason(s) why interest rate variesTime as Client, 3% interest is given to >3rd cycle, i.e. most clients
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee/Service Fee
% of loan amount - min3.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.75%
% of loan amount - max0.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited1.00%
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Access to CBU allowed for emergency purposes.CBU collected periodically is equivalent to 1% per month. Borrowers able to pay the loan according to the agreed schedule of payments are entitled to a rebate equivalent to .4% a month.

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance Premium
% of loan amount - min0.80%
% of loan amount - max0.80%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Micro Individual Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 15,000PHP 30,000PHP 40,000PHP 85,000PHP 100,000PHP 120,000
Loan Cycle (1, 2, 3, etc)554916Not Known
Disbursement Date2011-05-242011-06-222011-06-282011-08-222011-08-242011-04-19
Loan Term (Months)3.0 months6.0 months6.0 months12.0 months4.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component116.5%89.7%91.2%72.9%97.7%79.0%
Insurance Component3.4%3.6%3.3%3.6%3.4%3.5%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component2.8%4.4%4.1%6.5%3.2%6.4%
Full APR (int fee ins tax dep)122.7%97.7%98.6%82.9%104.3%89.0%
Transparency Index293736433540
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Community Banking samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 120,000RWF 250,000RWF 500,000RWF 1,000,000
Loan Cycle (1, 2, 3, etc)322410
Disbursement Date2012-09-142012-09-132012-09-202012-09-20
Loan Term (Months)4.0 months4.0 months4.0 months4.0 months
Grace Period (Months)0.5 months0.5 months0.5 months0.5 months
Total Cost of CreditRWF 14,256.80RWF 29,700RWF 59,408RWF 118,817
True Price by Comp       
Interest price component51.7%51.7%51.7%51.7%
Fee Component5.7%5.7%5.7%5.7%
Insurance Component4.5%4.5%4.5%4.5%
Tax Component1.9%1.9%1.9%1.9%
Deposit Component13.0%13.0%13.0%13.0%
Full APR (int fee ins tax dep)76.8%76.8%76.8%76.8%
Transparency Index39393939
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Micro Individual Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeECLOFInstitutionPH-017-V01-P03ProductPHCountry2011YearRange Number1Institution Data Version020,00040,00060,00080,000100,000120,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 20010010Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Community Banking Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeUrwegoInstitutionRW-012-V02-P02ProductRWCountry2012YearRange Number2Institution Data Version0200,000400,000600,000800,0001,000,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 17,00012,0008,5004,200400Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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