| Number borrowers | 95 |
| Loan Amount (range) | RWF 100,000 - 1,600,000 |
| Loan Term (range) | 1 - 24 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 24.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 39.2% - 41.0% |
| Fee Component | 6.0% - 10.7% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 55.8% - 59.5% |
| Transparency Index (min/max) | 40 - 43 |
| Transparency Index (average) | 42 |
| 265 |
| GHS 15,000 - 30,000 |
| 3 - 24 |
| Credit Ins |
| 42.0%-45.0% annual, Flat |
| 1.50%-2.00% upfront |
| 0.55%-1.00% upfront |
| None |
| 57.7% - 86.0% |
| 2.2% - 9.1% |
| 0.6% - 4.5% |
| 0 - 0.6% |
| 75.2% - 78.2% |
| 27 - 66 |
| 54 |
| Outstanding portfolio (RWF) | RWF 29,276,392 |
| Portfolio (USD) | USD 46,470 |
| Active Clients with Loans | 95 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must own a guarantee |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Kicukiro |
| Outstanding portfolio (GHS) | GHS 2,771,347.57 |
| Portfolio (USD) | USD 1,406,775.42 |
| Active Clients with Loans | 265 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Greater Accra Region, Ashanti Region, Brong Ahafo Region |
| Currency | RWF |
| Minimum loan size | RWF 100,000 |
| Maximum loan size | 1,600,000 |
| Loans less than RWF 500,000 | 40% |
| RWF 500,000-1,500,000 | 50% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 70% |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 0 |
| 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 | GHS |
| Minimum loan size | GHS 15,000 |
| Maximum loan size | 30,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 15% |
| Longer than 18 months | 0 |
| 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 |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| 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 | Frais d'Etudes du Dossiers | |
| % of loan amount - min | 2.00% | 1.00% | |
| % of loan amount - max | 2.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | 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 | 10.00% |
| 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? | No |
| Lowest quoted nominal interest | 3.50% |
| Highest quoted nominal interest | 3.75% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.55% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
| Appears on Repayment Sched? | Yes |
| Required for | Some |
| Criteria | Required only if physical collateral provided is not sufficient. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0 - 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 | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-11 | 2012-04-20 | 2012-05-07 | 2012-06-27 | |||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
| Total Cost of Credit | RWF 15,000 | RWF 67,500 | RWF 135,000 | RWF 270,000 | |||
| True Price by Comp | |||||||
| Interest price component | 39.2% | 40.9% | 40.8% | 41.0% | |||
| Fee Component | 10.7% | 6.0% | 6.0% | 6.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 9.6% | 9.1% | 9.0% | 9.0% | |||
| Full APR (int fee ins tax dep) | 59.5% | 56.0% | 55.8% | 56.0% | |||
| Transparency Index | 40 | 43 | 43 | 43 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 15,000 | GHS 15,000 | GHS 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-11 | 2012-11-09 | 2013-06-10 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.1 months | 0.2 months | 0.0 months | ||
| Total Cost of Credit | GHS 7,207 | GHS 7,064.50 | GHS 7,139.50 | ||
| True Price by Comp | |||||
| Interest price component | 71.8% | 70.9% | 72.4% | ||
| Fee Component | 4.2% | 3.1% | 4.2% | ||
| Insurance Component | 2.1% | 1.1% | 1.1% | ||
| Tax Component | 0.1% | 0.1% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 78.2% | 75.2% | 77.8% | ||
| Transparency Index | 54 | 56 | 54 | ||
| 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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