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Institution

Data approved: 2012-10-05
Data version: 2
Age of data: 143 months

Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda
Data approved: 2011-12-07
Data version: 1
Age of data: 157 months

Product

Transport Loan Product 5 of 6 « Prev | Next »

Product

Sika Rose Loan Product 5 of 5 « Prev | Next »

Product Summary

Number borrowers68
Loan Amount (range)RWF 500,000 - 5,000,000
Loan Term (range)12 - 36
Other Services (text summary)Credit Educ
Annual Interest & Method16.00%-18.00% annual, Decl Bal
Fees2 fees
InsuranceNone
TaxNone
Comp Dep25.00% upfront
Range of pricing 
Interest Price Component15.0% - 46.2%
Fee Component0.9% - 29.9%
Insurance Component0 - 0.6%
Tax Component Range0
Full APR (int fee ins tax dep)38.9% - 48.6%
Transparency Index (min/max)33 - 182
Transparency Index (average)38

Product Summary

1,236
GHS 150 - 500
6
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
40.00% annual, Flat
1.00-6.00 upfront
None
None
10.00% upfront
 
N/A
46.8% - 59.5% (Int+Fee)
0
0
53.0% - 67.1%
26 - 115
64

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 57,822,966
Portfolio (USD)USD 91,782
Active Clients with Loans68
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Tout pret en rapport avec l'activite commerciale de transport comme un vehicule de taxi voiture, de taxi moto, de velo moteur, camionnette.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 642,800
Portfolio (USD)USD 326,294.42
Active Clients with Loans1,236
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Othervaries from 10 to 64 in a group
Description
This loan product is the very first commercial loan product in this organization. It is mainly for women clients.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherAgricultural produce marketing
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 500,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00020%
RWF 1,500,000-2,500,00020%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,00020%
Greater than RWF 4,500,00020%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months40%
Between 13 and 18 months40%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 150
Maximum loan sizeGHS 500
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest18.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommission FeeProcessing Fee
% of loan amount - min1.00%1.50%
% of loan amount - max1.00%1.50%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest40.00%
Highest quoted nominal interest40.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAffiliation Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max6
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid20.00%
Maximum interest rate paid20.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit is given only if there has been no withdrawal to pay any loan.\r

Full Pricing Data

Transport Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 5,000,000RWF 5,000,000RWF 3,500,000RWF 1,250,000
Loan Cycle (1, 2, 3, etc)3103
Disbursement Date2012-07-112012-07-062012-07-192012-08-01
Loan Term (Months)37.0 months37.0 months37.0 months13.0 months
Grace Period (Months)0.1 months0.0 months1.8 months0.5 months
Total Cost of CreditRWF 2,186,904RWF 2,186,904RWF 1,530,840RWF 218,750
True Price by Comp       
Interest price component22.9%23.7%22.8%24.5%
Fee Component1.8%1.9%1.7%4.6%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component14.5%15.4%14.4%19.5%
Full APR (int fee ins tax dep)39.2%41.0%38.9%48.6%
Transparency Index41394133
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Sika Rose Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 250GHS 300GHS 300
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-06-092010-06-092011-06-09
Loan Term (Months)5.1 months5.1 months5.1 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component46.8%59.5%58.2%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component6.2%7.6%7.2%
Full APR (int fee ins tax dep)53.0%67.1%65.4%
Transparency Index756061
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Transport Loan Price Graphs


Sika Rose Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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