Number borrowers | 3,231 |
Loan Amount (range) | RWF 30,000 - 1,000,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 48.00% annual, Decl Bal |
Fees | 3.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 47.0% - 58.6% |
Fee Component | 5.6% - 10.6% |
Insurance Component | 2.1% - 4.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 72.5% - 78.4% |
Transparency Index (min/max) | 47 - 87 |
Transparency Index (average) | 63 |
5,850 |
INR 15,000 - 15,000 |
16.5 |
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
26.0% annual, Decl Bal |
1.00% upfront |
260.00 upfront |
12.36% fees |
N/A |
25.2% - 26.8% |
1.0% - 1.5% |
1.9% - 2.6% |
0.1% - 0.2% |
30.1% - 30.3% |
86 - 91 |
86 |
Outstanding portfolio (RWF) | RWF 497,144,321 |
Portfolio (USD) | USD 776,788 |
Active Clients with Loans | 3,231 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
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 | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Muhanga, Musanze, Nyarugenge |
Outstanding portfolio (INR) | INR 52,251,710 |
Portfolio (USD) | USD 985,881.32 |
Active Clients with Loans | 5,850 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 1 |
Regions Active | Tamil Nadu |
Currency | RWF |
Minimum loan size | RWF 30,000 |
Maximum loan size | 1,000,000 |
Loans less than RWF 500,000 | 50% |
RWF 500,000-1,500,000 | 50% |
RWF 1,500,000-2,500,000 | 0 |
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 | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 16.5 months |
Longest loan term | 16.5 months |
Approx average | 16.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
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 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit 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 | Covers loss of life and permanent total disability |
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 | 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 | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | Processing 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? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 260 |
Fixed amount - max | 260 |
Reason for variation | Insurance of Rs. 20000 each to member & guarantor for 18 months |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | RWF 200,000 | RWF 250,000 | RWF 480,000 | RWF 960,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-09-04 | 2012-08-23 | 2012-08-28 | 2012-02-29 | |||
Loan Term (Months) | 9.0 months | 6.0 months | 10.0 months | 12.0 months | |||
Grace Period (Months) | -0.1 months | 0.1 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | RWF 55,634.05 | RWF 50,817.58 | RWF 145,818.36 | RWF 341,754.49 | |||
True Price by Comp | |||||||
Interest price component | 53.5% | 51.8% | 52.7% | 52.8% | |||
Fee Component | 7.9% | 10.6% | 7.1% | 6.2% | |||
Insurance Component | 2.7% | 3.7% | 2.5% | 2.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 12.2% | 12.3% | 11.7% | 11.4% | |||
Full APR (int fee ins tax dep) | 76.3% | 78.4% | 74.0% | 72.5% | |||
Transparency Index | 63 | 61 | 65 | 66 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-30 | 2013-01-02 | 2013-02-05 | ||
Loan Term (Months) | 17.0 months | 17.0 months | 17.0 months | ||
Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 3,353.54 | INR 3,353.54 | INR 3,353.54 | ||
True Price by Comp | |||||
Interest price component | 25.8% | 26.0% | 26.0% | ||
Fee Component | 1.5% | 1.5% | 1.5% | ||
Insurance Component | 2.6% | 2.6% | 2.6% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.1% | 30.3% | 30.3% | ||
MFIN MFI Earning (Annualised) | 27.3% | 27.5% | 27.5% | ||
MFIN Cost to Borrower (Annualised) | 30.1% | 30.3% | 30.3% | ||
Transparency Index | 86 | 86 | 86 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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