Number borrowers | 169 |
Loan Amount (range) | RWF 300,000 - 2,400,000 |
Loan Term (range) | 4 - 12 |
Other Services (text summary) | |
Annual Interest & Method | 26.00% annual, Flat |
Fees | 1.00% upfront |
Insurance | 2 fees |
Tax | 18.00% fees |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 16.7% - 48.1% |
Fee Component | 0.7% - 4.8% |
Insurance Component | 0.4% - 2.8% |
Tax Component Range | 0.1% - 1.2% |
Full APR (int fee ins tax dep) | 70.0% - 74.2% |
Transparency Index (min/max) | 0 - 95 |
Transparency Index (average) | 36 |
3,690 |
INR 5,000 - 12,000 |
10.9 - 12 |
Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Dairy Training; Financial Literacy Training |
15.0% annual, Flat |
2.50% upfront |
1.00%-2.00% upfront |
None |
N/A |
N/A |
36.1% - 37.0% (Int+Fee) |
2.3% - 2.4% |
0 |
38.4% - 39.4% |
38 - 39 |
38 |
Outstanding portfolio (RWF) | RWF 96,905,680 |
Portfolio (USD) | USD 153,819 |
Active Clients with Loans | 169 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | |
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 | 3 |
Regions Active | Gasabo, Kicukiro, Nyarugenge |
Outstanding portfolio (INR) | INR 15,210,915 |
Portfolio (USD) | USD 286,998.40 |
Active Clients with Loans | 3,690 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | Dairy Training; Financial Literacy Training |
Other (2) | |
No other services |
Men | |
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 |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Age Group 21 to 55 |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | RWF |
Minimum loan size | RWF 300,000 |
Maximum loan size | 2,400,000 |
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 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 100% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 12,000 |
Shortest loan term | 10.9 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 0.50% |
Highest quoted nominal interest | 0.50% |
Interest rate period | Weekly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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 |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Assurance sur credit | Commission on Insurance | |
% of loan amount - min | 0.06% | 0 | |
% of loan amount - max | 1.12% | 0 | |
OR, Fixed amount - min | 0 | 1,000 | |
Fixed amount - max | 0 | 1,000 | |
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 | 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? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
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 | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 450,000 | RWF 900,000 | RWF 2,100,000 | RWF 1,800,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-09-10 | 2012-09-18 | 2012-03-28 | 2012-10-17 | |||
Loan Term (Months) | 7.0 months | 7.0 months | 11.0 months | 11.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | -0.8 months | |||
Total Cost of Credit | RWF 81,739.72 | RWF 162,299.44 | RWF 553,302.76 | RWF 474,428.08 | |||
True Price by Comp | |||||||
Interest price component | 48.1% | 48.1% | 47.5% | 47.5% | |||
Fee Component | 3.3% | 3.3% | 2.3% | 2.3% | |||
Insurance Component | 2.8% | 2.5% | 2.3% | 2.3% | |||
Tax Component | 1.2% | 1.0% | 0.9% | 0.9% | |||
Deposit Component | 18.8% | 18.7% | 17.0% | 17.0% | |||
Full APR (int fee ins tax dep) | 74.2% | 73.6% | 70.0% | 70.0% | |||
Transparency Index | 35 | 35 | 37 | 37 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | |
Loan Cycle (1, 2, 3, etc) | 1 | 2 | |
Disbursement Date | 2010-05-17 | 2010-05-18 | |
Loan Term (Months) | 11.2 months | 11.0 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 36.1% | 37.0% | |
Insurance Component | 2.3% | 2.4% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 38.4% | 39.4% | |
MFIN MFI Earning (Annualised) | 36.1% | 37.0% | |
MFIN Cost to Borrower (Annualised) | 38.4% | 39.4% | |
Transparency Index | 39 | 38 | |
MFIN Transparency Index | N/A | N/A | |
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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