Outstanding portfolio (RWF) | RWF 778,112,618 |
Portfolio (USD) | USD 1,215,800.97 |
Active Clients with Loans | 331 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | |
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 500,000 |
Maximum loan size | 30,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 20% |
RWF 1,500,000-2,500,000 | 20% |
RWF 2,500,000-3,500,000 | 20% |
RWF 3,500,000-4,500,000 | 20% |
Greater than RWF 4,500,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 40% |
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, 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 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | RWF 3,800,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-01-27 | 2011-02-23 | 2011-02-02 | 2011-02-18 | 2011-01-26 | ||||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | 36.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 20.0% | 18.1% | 15.1% | 18.1% | 17.4% | ||||
Insurance Component | 1.0% | 2.1% | 34.9% | 0.6% | 2.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 20.9% | 20.2% | 49.9% | 18.7% | 19.7% | ||||
Transparency Index | 76 | 79 | 32 | 86 | 81 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1999 |
Head of Institution | Sri G. John |
Regions active | |
# Branches | 38 |
Total Portfolio (nat'l) | INR 242,718,712 |
Total Portfolio (USD) | USD 4,579,598.34 |
Active clients with loans | 23,289 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | INR 5,000 - 50,000 | 12 - 20 | 80% - 100% | 0% - 20% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Crop Loan | INR 3,000 - 25,000 | 6 - 15 | 80% - 100% | 0% - 20% | Business, Other | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Education Loan | INR 3,000 - 20,000 | 12 - 20 | 60% - 80% | 0% - 20% | Education | Women, Have home or land, Salaried worker | Group Mtgs, Credit Ins, Other Training | |||||||
Group Loan | INR 10,000 - 30,000 | 12 - 20 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training, Livelihood and Social Awareness programs | |||||||
Housing Loan | INR 10,000 - 50,000 | 15 - 30 | 60% - 80% | 0% - 20% | Housing | Women, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Micro Enterprise Loan | INR 5,000 - 50,000 | 12 - 20 | 80% - 100% | 0% - 20% | Business | Women, Have business | Credit Educ, Group Mtgs, Other Training, Social Awareness programs |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | 0% | 25.6% | 32.7% - 36.1% | N/A | ||||||||||
Crop Loan | 0% | 21.5% - 21.6% | 26.6% - 28.7% | N/A | ||||||||||
Education Loan | 0% | 25.6% - 25.7% | 33.8% - 36.2% | N/A | ||||||||||
Group Loan | 0% | 25.6% - 25.7% | 32.7% - 33.8% | N/A | ||||||||||
Housing Loan | 0% | 25.6% - 25.7% | 33.2% - 36.1% | N/A | ||||||||||
Micro Enterprise Loan | 0% | 25.6% - 25.7% | 32.7% - 35.9% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture and Allied Business Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% | 32.7% - 36.1% | 37 | ||||||||
Crop Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 21.5% - 21.6% | 26.6% - 28.7% | 45 | ||||||||
Education Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 25.6% - 25.7% | 33.8% - 36.2% | 36 | ||||||||
Group Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% - 25.7% | 32.7% - 33.8% | 37 | ||||||||
Housing Loan | 9.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 100.00 ongoing | 25.6% - 25.7% | 33.2% - 36.1% | 26 | ||||||||
Micro Enterprise Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront 50.00 ongoing | 25.6% - 25.7% | 32.7% - 35.9% | 37 |
Key Statistics | |
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# 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 |
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