| Number borrowers | 568 |
| Loan Amount (range) | RWF 12,000 - 5,000,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 30.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 0.05%-5.58% upfront |
| Tax | 18.00% fees |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | 15.5% - 55.5% |
| Fee Component | 1.5% - 10.6% |
| Insurance Component | 0 - 0.5% |
| Tax Component Range | 0.3% - 1.9% |
| Full APR (int fee ins tax dep) | 45.9% - 72.1% |
| Transparency Index (min/max) | 42 - 92 |
| Transparency Index (average) | 53 |
| 10,729 |
| GHS 800 - 8,500 |
| 4 - 12 |
| Group Mtgs, Credit Ins, Business Training, Other Training |
| 39.00%-52.00% annual, Flat |
| 2 fees |
| 0.70% upfront |
| None |
| 15.00%-20.00% upfront |
| 36.2% - 87.6% |
| 6.9% - 20.2% |
| 1.1% - 4.7% |
| 0 |
| 119.1% - 182.5% |
| 21 - 71 |
| 24 |
| Outstanding portfolio (RWF) | RWF 209,648,520 |
| Portfolio (USD) | USD 332,775 |
| Active Clients with Loans | 568 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| 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 | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Ngororero, Nyabihu, Rubavu, Rutsiro |
| Outstanding portfolio (GHS) | GHS 3,043,035.62 |
| Portfolio (USD) | USD 1,544,688.13 |
| Active Clients with Loans | 10,729 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | x |
| Other | Must be resident in community near branch for at least on year |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 10 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
| Currency | RWF |
| Minimum loan size | RWF 12,000 |
| Maximum loan size | 5,000,000 |
| Loans less than RWF 500,000 | 20% |
| RWF 500,000-1,500,000 | 15% |
| RWF 1,500,000-2,500,000 | 15% |
| RWF 2,500,000-3,500,000 | 15% |
| RWF 3,500,000-4,500,000 | 15% |
| Greater than RWF 4,500,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 800 |
| Maximum loan size | 8,500 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 0.3 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission Fee | Paper Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 600 | |
| Fixed amount - max | 0 | 600 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 0.05% |
| % of loan amount - max | 5.58% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on client age and 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 | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| 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 | 3.00% |
| Highest quoted nominal interest | 4.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Client Risk |
| Interest rate period | 4 Weeks |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application and Pass Book Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 2 | |
| Fixed amount - max | 0 | 4 | |
| Reason for variation | N/A | Fee varies based on geographic location client. | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.70% |
| % of loan amount - max | 0.70% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Includes life cover only. Do not cover clients above age 64. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 250,000 | RWF 450,000 | RWF 1,000,000 | RWF 1,500,000 | RWF 5,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 12 | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-05-23 | 2012-03-20 | 2012-03-22 | 2012-10-08 | 2012-10-05 | ||||
| Loan Term (Months) | 12.0 months | 6.0 months | 11.0 months | 24.0 months | 12.0 months | ||||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 3.1 months | 3.1 months | ||||
| Total Cost of Credit | RWF 47,906.60 | RWF 51,308.34 | RWF 187,415.40 | RWF 545,386.70 | RWF 1,069,660 | ||||
| True Price by Comp | |||||||||
| Interest price component | 29.5% | 29.4% | 15.5% | 28.9% | 29.0% | ||||
| Fee Component | 4.6% | 7.7% | 4.4% | 2.2% | 3.4% | ||||
| Insurance Component | 0.4% | 0.4% | 0.5% | 0.2% | 0.5% | ||||
| Tax Component | 1.0% | 1.5% | 0.9% | 0.4% | 0.7% | ||||
| Deposit Component | 18.4% | 19.4% | 50.8% | 14.2% | 14.1% | ||||
| Full APR (int fee ins tax dep) | 53.9% | 58.4% | 72.1% | 45.9% | 47.7% | ||||
| Transparency Index | 56 | 51 | 42 | 65 | 63 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 800 | GHS 1,600 | GHS 3,000 | GHS 6,200 | GHS 8,250 | ||||
| Loan Cycle (1, 2, 3, etc) | 2 | Not Known | 1 | 1 | 4 | ||||
| Disbursement Date | 2012-12-05 | 2012-11-12 | 2012-11-13 | 2012-12-21 | 2012-12-20 | ||||
| Loan Term (Months) | 3.9 months | 4.7 months | 3.7 months | 3.7 months | 5.6 months | ||||
| Grace Period (Months) | -0.1 months | 0.1 months | 0.0 months | 0.2 months | 0.0 months | ||||
| Total Cost of Credit | GHS 144.60 | GHS 382.20 | GHS 534 | GHS 1,224.35 | GHS 1,793.25 | ||||
| True Price by Comp | |||||||||
| Interest price component | 65.4% | 86.4% | 82.1% | 87.6% | 68.1% | ||||
| Fee Component | 17.4% | 15.9% | 20.2% | 18.7% | 13.1% | ||||
| Insurance Component | 3.7% | 3.5% | 4.7% | 4.4% | 3.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 32.6% | 64.3% | 75.5% | 68.3% | 54.8% | ||||
| Full APR (int fee ins tax dep) | 119.1% | 170.1% | 182.5% | 179.0% | 139.0% | ||||
| Transparency Index | 33 | 23 | 21 | 22 | 28 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
