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Institution
Data approved: 2012-09-28
Data version: 2
Age of data: 143 months
Key Statistics
| Outstanding portfolio (RWF) | RWF 3,973,764,195 |
| Portfolio (USD) | USD 6,307,562 |
| Active Clients with Loans | 994 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Credit octroye aux hommes et aux femmes et dont la garantie exigee est un bien immeble ou la garantie numeraire. Le plafond est de 30 000 000 Frw.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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) | |
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 500,000 |
| Maximum loan size | 30,000,000 |
Distribution at Disbursement (Est.)
| Loans less than RWF 500,000 | 0 |
| RWF 500,000-1,500,000 | 10% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 10% |
| RWF 3,500,000-4,500,000 | 10% |
| Greater than RWF 4,500,000 | 10% |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 60.0 months |
| Approx average | DK |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 60% |
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 | 1.70% |
| Highest quoted nominal interest | 1.70% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| 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 | 0.17% |
| % of loan amount - max | 8.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| 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 Ordinaire samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | RWF 500,000 | | RWF 1,000,000 | | RWF 2,000,000 | | RWF 2,800,000 | | RWF 4,000,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | 1 | | 1 | | 1 |
| Disbursement Date | 2012-05-14 | | 2012-05-18 | | 2012-04-30 | | 2012-03-19 | | 2012-02-22 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 24.0 months | | 24.0 months | | 37.0 months |
| Grace Period (Months) | 1.0 month | | 1.0 month | | 1.0 month | | 1.0 month | | 1.0 month |
| Total Cost of Credit | RWF 64,201.20 | | RWF 128,404 | | RWF 486,656.20 | | RWF 681,318.08 | | RWF 1,460,668.80 |
| True Price by Comp | | | | | | | | | |
| Interest price component | 20.1% | | 20.1% | | 20.2% | | 20.2% | | 20.3% |
| Fee Component | 2.0% | | 2.0% | | 1.0% | | 1.0% | | 0.7% |
| Insurance Component | 0.4% | | 0.4% | | 0.5% | | 0.5% | | 0.5% |
| Tax Component | 0.4% | | 0.4% | | 0.3% | | 0.3% | | 0.2% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 22.9% | | 22.9% | | 22.0% | | 22.0% | | 21.7% |
| Transparency Index | 89 | | 89 | | 93 | | 93 | | 94 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Credit Ordinaire Price Graphs
