| Outstanding portfolio (RWF) | RWF 398,721,933 |
| Portfolio (USD) | USD 623,003.02 |
| Active Clients with Loans | 119 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| 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 | 10% |
| 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 | 10% |
| Greater than RWF 4,500,000 | 10% |
| Shortest loan term | 12.0 months |
| Longest loan term | 60.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| 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, loan amount and term. |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 3,996,194 | RWF 6,000,000 | RWF 10,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-02-24 | 2011-02-28 | 2011-02-23 | ||
| Loan Term (Months) | 60.0 months | 24.0 months | 60.0 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 | 16.9% | 18.1% | 16.9% | ||
| Insurance Component | 0.0% | 0.9% | 1.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 16.9% | 19.0% | 18.4% | ||
| Transparency Index | 94 | 84 | 87 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| ABT | 25,400 | 37,378,000 | 2 | 121 |
| AKIBA | 26,900 | 36,852,000 | 4 | 134 |
| BELITA | 5,800 | 492,000 | 1 | 134 |
| BRAC Tanzania | 102,300 | 19,663,000 | 2 | 134 |
| F & K Finance | 0 | 38,000 | 1 | 157 |
| FINCA Tanzania | 78,400 | 31,517,000 | 3 | 117 |
| FMFC | 1,500 | 392,000 | 6 | 134 |
| K-Finance Ltd | 1,000 | 264,000 | 2 | 134 |
| Mbinga | 1,000 | 2,986,000 | 3 | 134 |
| MCBL | 3,600 | 2,837,000 | 6 | 134 |
| MDF Tanzania | 600 | 148,000 | 1 | 134 |
| NMB | 45,100 | 74,528,000 | 1 | 134 |
| Opportunity | 8,600 | 3,018,000 | 3 | 134 |
| PRIDE Tanzania | 104,400 | 33,321,000 | 3 | 134 |
| PTF | - | N/A | 134 | |
| Selfina | 8,000 | 3,773,000 | 2 | 157 |
| Tujijenge Tanzania | 10,000 | 2,060,000 | 4 | 134 |
| VF^Tanzania | 34,390 | 7,613,000 | 4 | 128 |
| Victoria | 100 | 377,000 | 3 | 157 |
| YOSEFO | 17,100 | 2,211,000 | 3 | 157 |
| 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 |
|---|---|---|---|---|---|---|---|
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