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% |
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 | 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 |
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 |
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 |
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 |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://www.cct.org.ph/ |
Year established | 2003 |
Head of Institution | Ruth S. Callanta |
Regions active | |
# Branches | 132 |
Total Portfolio (nat'l) | PhP 387,176,016 |
Total Portfolio (USD) | USD 9,262,584.12 |
Active clients with loans | 76,168 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | NATTCO, MCPI, Hope International, Peer Servants |
Funders | Five Talents USA, United Kingdom, Tear Fund, New Zealand, Cross International, USA, End Poverty |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Enterprise Loan | PHP 51,000 - 700,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Values Development, Personal Counselling and Life Skills Training | |||||||
Housing Loan | PHP 10,000 - 30,000 | 12 | 20% - 40% | 40% - 60% | Housing | Women, Men, Have business, Have home or land, Must meet requirements of CCT regular business loan | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, values development, personal counselling, life skills training, health care | |||||||
Regular Business Loan 4 months | PHP 4,000 - 50,000 | 3.5 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Development, Personal Counselling and Life Skills Training, Health Care | |||||||
Regular Business Loan 6 months | PHP 11,000 - 50,000 | 6 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Have home or land, Must be community resident for at least 5 years | Credit Educ, Group Mtgs, Tech Asst Visits, Values Development, Personal Counselling and Life Skills Training, Business mentoring |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Growth Enterprise Loan | 10.0%-24.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 100.00 ongoing | 56.1% - 60.2% | 109.8% - 121.5% | 8 | ||||||||
Housing Loan | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront 50.00 ongoing | 36.9% - 37% | 55.6% - 56.3% | 32 | ||||||||
Regular Business Loan 4 months | 37.6% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 50.00 ongoing | 92.2% | 139.9% | 27 | ||||||||
Regular Business Loan 6 months | 40.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront 100.00 ongoing | 87.6% | 131.3% - 131.4% | 30 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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