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Institution
Data approved: 2012-09-28
Data version: 2
Age of data: 144 months
Key Statistics
| Outstanding portfolio (RWF) | RWF 154,736,132 |
| Portfolio (USD) | USD 245,613 |
| Active Clients with Loans | 338 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Beneficiaires: Les femmes entrepreneurs. Le montant minimum est de 300 000 Frw et le montant maximum est de 2 000 000 Frw. Le taux d'interet est de 1,1% par mois. La garantie est constitue de biens mobiliers.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
Eligibility
| Men | |
| 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 be a COOPEDU member for at least 1 month. |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge, Rwamagana |
Loan Conditions
Loan Amount
| Currency | RWF |
| Minimum loan size | RWF 300,000 |
| Maximum loan size | 2,000,000 |
Distribution at Disbursement (Est.)
| Loans less than RWF 500,000 | 30% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 40% |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | DK |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.08% |
| Highest quoted nominal interest | 1.08% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Commission sur credit |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Assurance sur credit |
| % of loan amount - min | 0.09% |
| % of loan amount - max | 1.12% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on age, loan amount, loan term |
| Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
Additional Comments
APR calcs have used insurance rates applicable to a 30 year old client
Full Pricing Data
Credit Femmes Entrepreneurs samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | RWF 500,000 | | RWF 1,000,000 | | RWF 2,000,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | 1 |
| Disbursement Date | 2012-05-31 | | 2012-02-09 | | 2012-02-28 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months |
| Grace Period (Months) | 1.0 month | | 1.0 month | | 1.0 month |
| Total Cost of Credit | RWF 72,245.20 | | RWF 144,486.40 | | RWF 288,980.80 |
| True Price by Comp | | | | | |
| Interest price component | 22.8% | | 23.0% | | 23.0% |
| Fee Component | 1.9% | | 2.0% | | 2.0% |
| Insurance Component | 0.5% | | 0.4% | | 0.4% |
| Tax Component | 0.4% | | 0.4% | | 0.4% |
| Deposit Component | 50.5% | | 57.7% | | 23.4% |
| Full APR (int fee ins tax dep) | 76.1% | | 83.5% | | 49.2% |
| Transparency Index | 17 | | 16 | | 26 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Credit Femmes Entrepreneurs Price Graphs
