| Number borrowers | 1,067 |
| Loan Amount (range) | RWF 10,000 - 5,000,000 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | |
| Annual Interest & Method | 15.00% annual, Flat |
| Fees | 2 fees |
| Insurance | 0.06%-10.45% upfront |
| Tax | 18.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 22.9% - 57.1% |
| Fee Component | 2.1% - 24.7% |
| Insurance Component | 0 - 0.8% |
| Tax Component Range | 0.5% - 4.7% |
| Full APR (int fee ins tax dep) | 29.5% - 45.1% |
| Transparency Index (min/max) | 16 - 53 |
| Transparency Index (average) | 44 |
| 886 |
| PHP 31,000 - 150,000 |
| 12 - 24 |
| Credit Educ, Group Mtgs |
| 30.0% annual, Flat |
| 2.50% upfront 20.00 ongoing |
| 875.00-3,750.00 upfront |
| None |
| 20.0% upfront 200.00 ongoing |
| N/A |
| 58.9% - 68.6% (Int+Fee) |
| 0.9% - 44.8% |
| 0.0% - 0 |
| 69.1% - 115.5% |
| 15 - 49 |
| 35 |
| Outstanding portfolio (RWF) | RWF 87,318,036 |
| Portfolio (USD) | USD 138,600 |
| Active Clients with Loans | 1,067 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 5 |
| Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
| Outstanding portfolio (PHP) | PHP 3,008,874 |
| Portfolio (USD) | USD 71,982.63 |
| Active Clients with Loans | 886 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| 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 | x |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 10,000 |
| Maximum loan size | 5,000,000 |
| Loans less than RWF 500,000 | 0 |
| RWF 500,000-1,500,000 | 5% |
| RWF 1,500,000-2,500,000 | 15% |
| RWF 2,500,000-3,500,000 | 30% |
| RWF 3,500,000-4,500,000 | 10% |
| Greater than RWF 4,500,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 19.0 months |
| Loans 3 months or less | 50% |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 10% |
| 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 | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | PHP |
| Minimum loan size | PHP 31,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 0 |
| Grace period usage | 100% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | x |
| 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 | 15.00% |
| Highest quoted nominal interest | 15.00% |
| 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 | Commission Fee | Loan Application & Collateral Visit Fee | |
| % of loan amount - min | 1.50% | 0 | |
| % of loan amount - max | 1.50% | 0 | |
| OR, Fixed amount - min | 0 | 15,000 | |
| Fixed amount - max | 0 | 15,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Commission on Insurance |
| % of loan amount - min | 0.06% |
| % of loan amount - max | 10.45% |
| 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? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Fee 1 | |
|---|---|
| Description | Client Training Fund |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | TASAKA |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 875 |
| Fixed amount - max | 3,750 |
| Reason for variation | N/A |
| 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? |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 200 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | RWF 1,500,000 | RWF 3,064,540 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-04-16 | 2012-05-11 | 2012-04-25 | 2012-08-22 | 2012-05-02 | ||||
| Loan Term (Months) | 12.0 months | 24.0 months | 23.0 months | 28.0 months | 13.0 months | ||||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.3 months | 1.0 month | 1.0 month | ||||
| Total Cost of Credit | RWF 60,457.49 | RWF 179,894.70 | RWF 321,256.42 | RWF 579,284.13 | RWF 580,135.15 | ||||
| True Price by Comp | |||||||||
| Interest price component | 26.3% | 26.2% | 26.0% | 26.1% | 26.3% | ||||
| Fee Component | 15.1% | 4.9% | 3.4% | 2.3% | 3.6% | ||||
| Insurance Component | 0.6% | 0.6% | 0.7% | 0.6% | 0.5% | ||||
| Tax Component | 3.1% | 1.0% | 0.7% | 0.5% | 0.8% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 45.1% | 32.7% | 30.8% | 29.5% | 31.2% | ||||
| Transparency Index | 33 | 46 | 49 | 51 | 48 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 35,000 | PHP 50,000 | PHP 70,000 | PHP 150,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-05-31 | 2011-05-17 | 2011-05-24 | 2011-03-11 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 68.6% | 62.9% | 64.8% | 58.9% | |||
| Insurance Component | 7.9% | 2.5% | 3.7% | 0.9% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 39.1% | 3.8% | 13.6% | 27.4% | |||
| Full APR (int fee ins tax dep) | 115.5% | 69.1% | 82.1% | 87.2% | |||
| Transparency Index | 26 | 43 | 37 | 34 | |||
| 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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