| Number borrowers | 67 |
| Loan Amount (range) | RWF 50,000 - 3,000,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 15.00%-24.00% annual, Decl Bal |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| 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) | 15.9% - 28.2% |
| Transparency Index (min/max) | 33 - 182 |
| Transparency Index (average) | 61 |
| 206,618 |
| PHP 3,000 - 15,000 |
| 6 |
| Group Mtgs, Credit Ins, Business Training |
| 41.6% annual, Flat |
| 4.00% upfront |
| 75.00-744.00 upfront |
| 0.25% loan amt |
| 150.00 upfront 1,500.00 ongoing |
| N/A |
| 71.0% - 87.1% (Int+Fee) |
| 7.9% - 9.5% |
| 1.0% - 2.0% |
| 97.0% - 157.2% |
| 26 - 48 |
| 36 |
| Outstanding portfolio (RWF) | RWF 36,398,078 |
| Portfolio (USD) | USD 57,775 |
| Active Clients with Loans | 67 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Gasabo, Kicukiro, Nyarugenge |
| Outstanding portfolio (PHP) | PHP 883,407,050 |
| Portfolio (USD) | USD 21,134,139.95 |
| Active Clients with Loans | 206,618 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Co-makership of up to 2 co-makers |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 50,000 |
| Maximum loan size | 3,000,000 |
| Loans less than RWF 500,000 | 20% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 30% |
| RWF 2,500,000-3,500,000 | 20% |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 13.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 20% |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 15,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| 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 | 15.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | 1 year = 15%, above 1 year = 24% |
| 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% | 0.50% | |
| % of loan amount - max | 1.00% | 0.50% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| 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 |
| Lowest quoted nominal interest | 0.80% |
| Highest quoted nominal interest | 0.80% |
| Reason(s) why interest rate varies | Time as Client, Client Risk |
| Interest rate period | Weekly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service charge |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | MicroEnsure |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 75 |
| Fixed amount - max | 744 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 150 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 1,500 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 1,190,000 | RWF 200,000 | RWF 300,000 | RWF 1,500,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 3 | 1 | 1 | |||
| Disbursement Date | 2012-09-22 | 2012-08-27 | 2012-08-28 | 2012-11-30 | |||
| Loan Term (Months) | 25.0 months | 12.0 months | 15.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 1.0 month | |||
| Total Cost of Credit | RWF 220,284 | RWF 32,000 | RWF 59,250 | RWF 421,368 | |||
| True Price by Comp | |||||||
| Interest price component | 15.0% | 26.3% | 26.4% | 24.0% | |||
| Fee Component | 0.9% | 1.9% | 1.6% | 1.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 15.9% | 28.2% | 28.0% | 25.0% | |||
| Transparency Index | 94 | 53 | 54 | 60 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 7 | 13 | ||
| Disbursement Date | 2011-06-30 | 2011-03-25 | 2011-04-25 | ||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 82.0% | 71.0% | 87.1% | ||
| Insurance Component | 8.7% | 8.1% | 9.3% | ||
| Tax Component | 1.1% | 1.0% | 1.2% | ||
| Deposit Component | 65.3% | 16.9% | 10.2% | ||
| Full APR (int fee ins tax dep) | 157.2% | 97.0% | 107.8% | ||
| Transparency Index | 26 | 43 | 39 | ||
| 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 | ||||||
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