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 |
4,063 |
PHP 5,000 - 150,000 |
4 - 12 |
Credit Educ, Credit Ins, Other Training, Sustainable Agriculture practices (organic farming) |
36.0% annual, Flat |
3.00% upfront |
0.13%-0.75% upfront |
None |
10.00% ongoing |
N/A |
42.9% - 44.3% (Int+Fee) |
1.8% - 3.8% |
0 |
44.8% - 46.1% |
24 - 80 |
78 |
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 |
Outstanding portfolio (PHP) | PHP 54,073,112 |
Portfolio (USD) | USD 1,293,615.12 |
Active Clients with Loans | 4,063 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Sustainable Agriculture practices (organic farming) |
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 | Must have a farm to manage |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
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 | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 5.0 months |
Grace period usage | 100% |
Average grace period | 5.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
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 |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Enhanced Credit Security (MRI) |
% of loan amount - min | 0.13% |
% 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? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | End Term |
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 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 86,000 | PHP 120,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | 5 | 5 | 9 | 3 | 3 | |||||
Disbursement Date | 2011-05-13 | 2011-05-25 | 2011-05-02 | 2011-05-25 | 2011-05-11 | 2011-05-30 | |||||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | 5.0 months | 6.0 months | 5.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 44.3% | 44.3% | 44.3% | 44.3% | 42.9% | 44.3% | |||||
Insurance Component | 1.8% | 1.8% | 1.8% | 1.8% | 1.9% | 1.8% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 46.1% | 46.1% | 46.1% | 46.1% | 44.8% | 46.1% | |||||
Transparency Index | 78 | 78 | 78 | 78 | 80 | 78 | |||||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |