2. COOJAD
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Nwabiagya RB
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperative De La Jeuneuse Pour L'Auto D'Emploi Et Developement Head OfficeKigaliPO Box 3739
Data approved: 2012-10-05
Data version: 2
Age of data: 143 months
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Institution

Nwabiagya Rural Bank Limited KumasiAshanti RegionPO Box B170
Data approved: 2013-03-02
Data version: 2
Age of data: 139 months
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Product

Salary Advance Loan Product 6 of 6 « Prev | Next »

Product

Micro Enterprise Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers67
Loan Amount (range)RWF 50,000 - 3,000,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Educ
Annual Interest & Method15.00%-24.00% annual, Decl Bal
Fees2 fees
InsuranceNone
TaxNone
Comp DepN/A
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)15.9% - 28.2%
Transparency Index (min/max)33 - 182
Transparency Index (average)61

Product Summary

818
GHS 200 - 10,000
6 - 12
Credit Educ, Tech Asst Visits, Business Training
28.1% annual, Flat
2.00% upfront
1.00% upfront
None
20.0% upfront
 
42.7% - 47.5%
5.1% - 7.3%
2.6% - 3.8%
0
82.1% - 85.9%
23 - 38
33

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 36,398,078
Portfolio (USD)USD 57,775
Active Clients with Loans67
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Salary advance loan is extended to salaried employees.
Loan Purpose
Any purposex
Income generation
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 workerx
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 2,810,209.34
Portfolio (USD)USD 1,426,502.20
Active Clients with Loans818
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are for small entrepreneurs who have accounts with us and have applied for loans. These are artisans, hawkers and those operating small businesses.
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 visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
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 institution1
# Regions for this product1
Regions ActiveAshanti Region

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 50,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00030%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average13.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months20%
Between 13 and 18 months20%
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
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00050%
GHS 5,000-7,50030%
GHS 7,500-10,00020%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months40%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate varies1 year = 15%, above 1 year = 24%
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%0.50%
% of loan amount - max1.00%0.50%
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 forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.34%
Highest quoted nominal interest2.34%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
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 paid13.50%
Maximum interest rate paid15.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Salary Advance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 1,190,000RWF 200,000RWF 300,000RWF 1,500,000
Loan Cycle (1, 2, 3, etc)1311
Disbursement Date2012-09-222012-08-272012-08-282012-11-30
Loan Term (Months)25.0 months12.0 months15.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months1.0 month
Total Cost of CreditRWF 220,284RWF 32,000RWF 59,250RWF 421,368
True Price by Comp       
Interest price component15.0%26.3%26.4%24.0%
Fee Component0.9%1.9%1.6%1.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)15.9%28.2%28.0%25.0%
Transparency Index94535460
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Micro Enterprise Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 300GHS 600GHS 1,500GHS 3,000GHS 6,000GHS 8,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-112013-02-252013-02-152013-02-122013-02-182013-03-05
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months8.0 months8.0 months
Grace Period (Months)0.0 months-0.1 months-0.1 months-0.1 months-0.1 months0.0 months
Total Cost of CreditGHS 51.12GHS 102.24GHS 255.60GHS 511.20GHS 1,303.20GHS 1,737.60
True Price by Comp           
Interest price component45.5%46.7%46.7%46.7%47.5%46.6%
Fee Component7.1%7.3%7.3%7.3%5.8%5.6%
Insurance Component3.7%3.8%3.8%3.8%2.9%2.9%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component27.0%28.1%28.1%27.0%27.9%27.0%
Full APR (int fee ins tax dep)83.3%85.9%85.9%84.8%84.1%82.1%
Transparency Index343333333334
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Salary Advance Loan Price Graphs


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Micro Enterprise 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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