Outstanding portfolio (RWF) | RWF 654,316,382 |
Portfolio (USD) | USD 1,022,369.35 |
Active Clients with Loans | 1,127 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
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 | 13 |
# Regions for this product | 16 |
Regions Active | Bugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 10,000,000 |
Loans less than RWF 500,000 | 15% |
RWF 500,000-1,500,000 | 15% |
RWF 1,500,000-2,500,000 | 15% |
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 | 15% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 15% |
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 | 16.00% |
Highest quoted nominal interest | 16.00% |
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 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Life |
% of loan amount - min | 1.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on client age, loan term and amount. |
Appears on Repayment Sched? | 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 150,000 | RWF 210,000 | RWF 919,000 | RWF 950,000 | RWF 1,000,000 | RWF 3,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-03-01 | 2011-03-14 | 2011-02-24 | 2010-06-20 | 2010-09-09 | 2011-02-25 | |||||
Loan Term (Months) | 1.0 month | 1.0 month | 10.0 months | 36.0 months | 36.0 months | 24.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 72.0% | 60.0% | 20.7% | 15.4% | 17.4% | 18.1% | |||||
Insurance Component | 0.0% | 0.0% | 5.1% | 0.7% | 0.7% | 1.3% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 72.0% | 60.0% | 25.8% | 16.1% | 18.1% | 19.4% | |||||
Transparency Index | 22 | 27 | 62 | 99 | 88 | 82 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sharemicrofin.com/ |
Year established | 2000 |
Head of Institution | Mr. M. Udaia Kumar |
Regions active | Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Himachal PradeshJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, National Capital Territory of Delhi |
# Branches | 896 |
Total Portfolio (nat'l) | INR 20,895,693,066 |
Total Portfolio (USD) | USD 394,258,359.70 |
Active clients with loans | 2,227,675 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Sa-Dhan, MFIN, WWB, Alpha |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | INR 12,000 - 25,000 | 12 - 24 | 80% - 100% | 0% - 20% | Business | Women, Have business, Have home or land, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Qualify for a test on Financial education , Training provided on Financial education | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Health Insurance Services , National Pension Scheme collabaration with LIC |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 25.4% - 26% | 27.5% - 28.1% | 29.9% - 30.5% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 24.0%-26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 27.5% - 28.1% | 29.9% - 30.5% | 79 |
Key Statistics | |
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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 |
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