| Number borrowers | 175 |
| Loan Amount (range) | RWF 300,000 - 5,000,000 |
| Loan Term (range) | 1 - 24 |
| Other Services (text summary) | Credit Educ, Business Training |
| Annual Interest & Method | 18.00%-36.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | 0.02%-7.94% upfront |
| Tax | None |
| Comp Dep | 25.00% upfront |
| Range of pricing | |
| Interest Price Component | 15.0% - 46.2% |
| Fee Component | 0.9% - 29.9% |
| Insurance Component | 0 - 0.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 44.8% - 54.5% |
| Transparency Index (min/max) | 33 - 182 |
| Transparency Index (average) | 37 |
| 113 |
| ZMW 100,000 - 600,000 |
| 12 - 36 |
| Credit Ins |
| 49.6% annual, Decl Bal |
| 7.96%-8.00% upfront 225.00 upfront |
| 1.00% upfront |
| None |
| N/A |
| 50.6% - 50.9% |
| 15.8% - 40.3% |
| 1.7% - 4.2% |
| 0 |
| 0 |
| 54 - 75 |
| N/A |
| Outstanding portfolio (RWF) | RWF 191,511,326 |
| Portfolio (USD) | USD 303,986 |
| Active Clients with Loans | 175 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| 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 | |
| Workplace visits | |
| 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 | other cooperative |
| Other (2) | SME's |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge |
| Outstanding portfolio (ZMW) | ZMW 14,426,065 |
| Portfolio (USD) | USD 2,253,062.30 |
| Active Clients with Loans | 113 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province |
| Currency | RWF |
| Minimum loan size | RWF 300,000 |
| Maximum loan size | 5,000,000 |
| Loans less than RWF 500,000 | 15% |
| RWF 500,000-1,500,000 | 20% |
| RWF 1,500,000-2,500,000 | 20% |
| 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 | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 15% |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 15% |
| 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 | |
| Irregular payments |
| Currency | ZMW |
| Minimum loan size | ZMW 100,000 |
| Maximum loan size | 600,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | 20.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 50% |
| 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 | 18.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Loan Purpose |
| 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 | Processing Fee | |
| % of loan amount - min | 1.00% | 1.50% | |
| % of loan amount - max | 1.00% | 1.50% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.02% |
| % of loan amount - max | 7.94% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on age of client, loan size and term. |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | If absence of other reliable guarantee |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| 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 | 4.13% |
| Highest quoted nominal interest | 4.13% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Arrangement and Deposit Fee | Asset Inspection and Credit Reference Fee | |
| % of loan amount - min | 7.96% | 0 | |
| % of loan amount - max | 8.00% | 0 | |
| OR, Fixed amount - min | 0 | 225 | |
| Fixed amount - max | 0 | 225 | |
| Reason for variation | 1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. The processing fee varies depending on the loan cycle. Repeat clients are offered a lower processing fee. | Asset Inspection Fee = 25 ZMW; CRF = 200 ZMW | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % 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? | Yes |
| 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 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | RWF 4,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 1 | 2 | 3 | ||||
| Disbursement Date | 2012-09-25 | 2012-06-22 | 2012-07-24 | 2012-07-12 | 2012-09-07 | ||||
| Loan Term (Months) | 12.0 months | 6.0 months | 24.0 months | 24.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.3 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | RWF 88,855 | RWF 101,360 | RWF 598,288 | RWF 897,972 | RWF 1,197,296 | ||||
| True Price by Comp | |||||||||
| Interest price component | 26.4% | 23.2% | 23.7% | 23.7% | 23.8% | ||||
| Fee Component | 4.9% | 8.2% | 2.7% | 2.7% | 2.6% | ||||
| Insurance Component | 0.5% | 0.4% | 0.5% | 0.5% | 0.6% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 22.7% | 20.9% | 17.9% | 18.0% | 18.1% | ||||
| Full APR (int fee ins tax dep) | 54.5% | 52.7% | 44.8% | 44.9% | 45.1% | ||||
| Transparency Index | 33 | 34 | 40 | 40 | 40 | ||||
| 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 ∞ | ||||||
