| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | N/A |
| Year established | 2006 |
| Head of Institution | Daniel Muhimuzi Mugisha |
| Regions active | 0 |
| # Branches | 6 |
| Total Portfolio (nat'l) | RWF 747,483,674 |
| Total Portfolio (USD) | USD 1,266,921.48 |
| Active clients with loans | 2,225 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | AMIR, Terrafina |
| Funders | African Evangelical Enterprise, Rwanda |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Curuza (Business) MT & LT | RWF 100,000 - 10,000,000 | 4 - 36 | 0% - 20% | 80% - 100% | ||||||||||
| Ezukame Express PU & PM | 0 | 0 | 20% - 40% | 20% - 40% | ||||||||||
| Hembwa Wage Express | RWF 5,000 - 500,000 | 1 - 3 | 20% - 40% | 60% - 80% | ||||||||||
| Hembwa Wage MT & LT | RWF 10,000 - 5,000,000 | 4 - 36 | 20% - 40% | 60% - 80% | ||||||||||
| Kaze (Solidarity Group) GS & GS-PU | RWF 10,000 - 500,000 | 3 - 6 | 40% - 60% | 0% - 20% | ||||||||||
| Tunga Women MT & LT | RWF 200,000 - 10,000,000 | 4 - 36 | 80% - 100% | 40% - 60% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Curuza (Business) MT & LT | 15.00% annual, Flat | 1 Fee | 2 Ins | 0% - 45.7% | 23.9% - 74.2% | |||||||||||
| Ezukame Express PU & PM | 0.00% annual, 0 | 0 Fees | 0 Ins | 0% - 71.7% | 29.6% - 72.7% | |||||||||||
| Hembwa Wage Express | 42.00% annual, Flat | 1 Fee | 2 Ins | N/A | 74.1% - 80.1% | 75.3% - 85.1% | ||||||||||
| Hembwa Wage MT & LT | 15.00% annual, Flat | 2 Fees | 2 Ins | N/A | 0% - 53.8% | 26.5% - 56.5% | ||||||||||
| Kaze (Solidarity Group) GS & GS-PU | 30.00% annual, Flat | 1 Fee | 0 Ins | 54% - 68.5% | 56.7% - 74.1% | |||||||||||
| Tunga Women MT & LT | 13.00% annual, Flat | 2 Fees | 2 Ins | 0% - 42.4% | 35% - 74.9% |
| Outstanding portfolio (KES) | KES 12,522,368 |
| Portfolio (USD) | USD 151,236.33 |
| Active Clients with Loans | 885 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | x |
| Workplace visits | x |
| Business training | x |
| 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 | Must be a farmer |
| Other (2) |
| Currency | KES |
| Minimum loan size | KES 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Grace period usage | 70% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance (per annum) |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 0.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 100 - N/A |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| 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 |
|---|---|---|---|---|---|---|---|
