| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | Yes |
| Website address | http://www.microafricagroup.com/ |
| Year established | 2004 |
| Head of Institution | Anthony Nderitu |
| Regions active | 0 |
| # Branches | 4 |
| Total Portfolio (nat'l) | RWF 1,255,802,510 |
| Total Portfolio (USD) | USD 2,128,478.83 |
| Active clients with loans | 2,858 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Association of Microfinance Institutions in Rwanda |
| Funders | Micro africa Ltd, Ezra Bunyenyezi |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | RWF 30,000 - 500,000 | 3 - 12 | 40% - 60% | 40% - 60% | ||||||||||
| Salary Loan | RWF 100,000 - 5,000,000 | 3 - 15 | 40% - 60% | 80% - 100% | ||||||||||
| SME Loan | RWF 1,000,000 - 7,500,000 | 3 - 15 | 40% - 60% | 60% - 80% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 30.00% annual, Flat | 1 Fee | 0 Ins | 58.4% - 61.4% | 92.1% - 99.6% | |||||||||||
| Salary Loan | 48.00%-60.00% annual, Decl Bal | 2 Fees | 1 Ins | N/A | 55% - 71.5% | 58.3% - 77.5% | ||||||||||
| SME Loan | 48.00%-60.00% annual, Decl Bal | 1 Fee | 1 Ins | 56% - 74.6% | 87.8% - 118.1% |
| Outstanding portfolio (KES) | KES 10,663,461.57 |
| Portfolio (USD) | USD 128,785.77 |
| Active Clients with Loans | 20 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| 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) |
| 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 |
|---|---|---|---|---|---|---|---|
