| Number borrowers | 2,500 |
| Loan Amount (range) | RWF 100,000 - 2,500,000 |
| Loan Term (range) | 12 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training |
| Annual Interest & Method | 24.00% annual, Flat |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | 18.00% fees |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | 26.1% - 45.7% |
| Fee Component | 1.1% - 4.1% |
| Insurance Component | 0 - 0.4% |
| Tax Component Range | 0.3% - 0.8% |
| Full APR (int fee ins tax dep) | 52.0% - 52.3% |
| Transparency Index (min/max) | 28 - 54 |
| Transparency Index (average) | 46 |
| 5,473 |
| ZMW 1,500 - 100,000 |
| 6 - 24 |
| Credit Ins |
| 51.4%-52.0% annual, Decl Bal |
| 7.96%-8.00% upfront 75.00-125.00 upfront |
| 1.00% upfront |
| None |
| N/A |
| 50.6% - 50.9% |
| 15.8% - 40.3% |
| 1.7% - 4.2% |
| 0 |
| 68.4% - 81.4% |
| 54 - 75 |
| 69 |
| Outstanding portfolio (RWF) | RWF 220,979,541 |
| Portfolio (USD) | USD 345,280.53 |
| Active Clients with Loans | 2,500 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| 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 | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 21 |
| Regions Active | Burera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi |
| Outstanding portfolio (ZMW) | ZMW 45,786,720 |
| Portfolio (USD) | USD 7,150,968.24 |
| Active Clients with Loans | 5,473 |
| 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 | Must have a valid National Registration Card |
| Other (2) | Must have business or personal assets to pledge |
| # 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 100,000 |
| Maximum loan size | 2,500,000 |
| Loans less than RWF 500,000 | 60% |
| RWF 500,000-1,500,000 | 30% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 0 |
| RWF 3,500,000-4,500,000 | 0 |
| Greater than RWF 4,500,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 6.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | ZMW |
| Minimum loan size | ZMW 1,500 |
| Maximum loan size | 100,000 |
| Loans less than ZMW 500 | 0 |
| ZMW 500-2,000 | 0 |
| ZMW 2,000-3,250 | 5% |
| ZMW 3,250-4,500 | 5% |
| ZMW 4,500-6,000 | 15% |
| Greater than ZMW 6,000 | 15% |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 11.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 60% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 5% |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commission Fee |
| % 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| 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? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | Some |
| Lowest quoted nominal interest | 4.28% |
| Highest quoted nominal interest | 4.33% |
| Reason(s) why interest rate varies | Loan Size, N/A |
| 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 | 75 | |
| Fixed amount - max | 0 | 125 | |
| 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; CRF 50 for loan < 15,000 and 100 ZMW for loan between 15,000 to 100,000ZMW | |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 200,000 | RWF 300,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 3 | 5 | ||
| Disbursement Date | 2011-11-18 | 2012-03-08 | 2012-03-08 | ||
| Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | ||
| Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | ||
| Total Cost of Credit | RWF 19,180 | RWF 38,360 | RWF 57,540 | ||
| True Price by Comp | |||||
| Interest price component | 33.6% | 33.4% | 33.4% | ||
| Fee Component | 2.0% | 2.0% | 2.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.4% | 0.4% | 0.4% | ||
| Deposit Component | 16.3% | 16.2% | 16.2% | ||
| Full APR (int fee ins tax dep) | 52.3% | 52.0% | 52.0% | ||
| Transparency Index | 46 | 46 | 46 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| ZMW 2,100 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 923.29 | 81.4% | 50.9% | 28.1% | 2.4% | 0.0% | 0.0% | 63 | - | |
| ZMW 3,500 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 1,482.15 | 77.5% | 50.9% | 24.2% | 2.4% | 0.0% | 0.0% | 66 | - | |
| ZMW 4,165 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 1,752.86 | 76.9% | 50.9% | 23.6% | 2.4% | 0.0% | 0.0% | 67 | - | |
| ZMW 4,900 | Generated | 2014-11-01 | 18.2 months | 0.0 months | ZMW 2,815.28 | 69.0% | 50.9% | 16.4% | 1.7% | 0.0% | 0.0% | 74 | - | |
| ZMW 5,635 | Generated | 2014-11-01 | 18.2 months | 0.0 months | ZMW 3,218.82 | 68.4% | 50.9% | 15.8% | 1.7% | 0.0% | 0.0% | 75 | - | |
| ZMW 6,300 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 2,594.88 | 74.8% | 50.9% | 21.5% | 2.4% | 0.0% | 0.0% | 69 | - | |
| ZMW 7,000 | Generated | 2014-11-01 | 12.2 months | 0.0 months | ZMW 2,869.31 | 74.3% | 50.9% | 21.1% | 2.3% | 0.0% | 0.0% | 69 | - | |
| 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 ∞ | ||||||
