| Number borrowers | 416 |
| Loan Amount (range) | RWF 50,000 - 7,500,000 |
| Loan Term (range) | 1 - 12 |
| Other Services (text summary) | Tech Asst Visits, Business Training, Other Training, Epargne-credit |
| Annual Interest & Method | 24.00%-36.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 11.9% - 88.5% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 14.6% - 104.9% |
| Transparency Index (min/max) | 20 - 165 |
| Transparency Index (average) | 50 |
| 1,068 |
| GHS 50 - 2,000 |
| 3 - 6 |
| Credit Educ, Other Training, Malaria prevention training |
| 45.00% annual, Flat |
| 2 fees |
| 2.00% ongoing |
| None |
| 15.00% upfront |
| 76.2% - 80.5% |
| 10.2% - 10.8% |
| 9.4% - 9.9% |
| 0 |
| 124.3% - 133.3% |
| 34 - 36 |
| 35 |
| Outstanding portfolio (RWF) | RWF 112,959,983 |
| Portfolio (USD) | USD 176,499.97 |
| Active Clients with Loans | 416 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Cooperatives des agriculteurs |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Epargne-credit |
| 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 | 11 |
| # Regions for this product | 13 |
| Regions Active | Bugesera, Gasabo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Nyanza, Nyarugenge, Ruhango, Rwamagana |
| Outstanding portfolio (GHS) | GHS 441,908.06 |
| Portfolio (USD) | USD 231,365 |
| Active Clients with Loans | 1,068 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Malaria prevention training |
| 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 | Maximum amount of men permitted in group - 20%. |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Central Region |
| Currency | RWF |
| Minimum loan size | RWF 50,000 |
| Maximum loan size | 7,500,000 |
| Loans less than RWF 500,000 | 10% |
| RWF 500,000-1,500,000 | 20% |
| RWF 1,500,000-2,500,000 | 10% |
| 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 | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 50 |
| Maximum loan size | 2,000 |
| Loans less than GHS 1,000 | 70% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| 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 | 3.00% |
| Reason(s) why interest rate varies | Loan Term |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission | Stationery | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 5,000 | |
| Fixed amount - max | 0 | 10,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| 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? | No |
| Lowest quoted nominal interest | 45.00% |
| Highest quoted nominal interest | 45.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Commitment Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Fee 1 | |
|---|---|
| Description | Group Fee |
| % of loan amount - min | 0.75% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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 |
| 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 | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 113,900 | RWF 200,000 | RWF 516,000 | RWF 918,000 | RWF 1,600,000 | RWF 2,500,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-07-07 | 2009-10-29 | 2010-12-10 | 2010-08-14 | 2010-07-16 | 2010-09-11 | |||||
| Loan Term (Months) | 8.0 months | 12.0 months | 12.0 months | 6.0 months | 6.0 months | 12.0 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 | 23.5% | 16.1% | 13.0% | 88.5% | 86.4% | 11.9% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 3.8% | 3.6% | 2.9% | 16.3% | 15.9% | 2.7% | |||||
| Full APR (int fee ins tax dep) | 27.4% | 19.7% | 15.9% | 104.9% | 102.3% | 14.6% | |||||
| Transparency Index | 88 | 100 | 100 | 23 | 23 | 100 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 1,600 | ||
| Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | ||
| Disbursement Date | 2012-11-08 | 2012-11-08 | 2012-12-18 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | GHS 57.90 | GHS 115.80 | GHS 308.80 | ||
| True Price by Comp | |||||
| Interest price component | 76.2% | 76.2% | 80.5% | ||
| Fee Component | 10.2% | 10.2% | 10.8% | ||
| Insurance Component | 9.4% | 9.4% | 9.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 28.5% | 28.5% | 32.1% | ||
| Full APR (int fee ins tax dep) | 124.3% | 124.3% | 133.3% | ||
| Transparency Index | 36 | 36 | 34 | ||
| 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 | ||||||
|---|---|---|---|---|---|---|
| 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 ∞ | ||||||
