Union des CLECAM Wisigara - Commerce Loan - MFTransparency.org Truth In Lending Tables

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Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588

Data approved: 2012-11-07

Data version: 2

Age of data: 144 months

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Product

Commerce Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 121,216,740
Portfolio (USD)	USD 189,401.16
Active Clients with Loans	1,062
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Product for commerce activity, such as buying and selling crops and other items in the market.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan	x
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	7
Regions Active	Burera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 20,000
Maximum loan size	2,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	20%
RWF 500,000-1,500,000	40%
RWF 1,500,000-2,500,000	40%
RWF 2,500,000-3,500,000	0
RWF 3,500,000-4,500,000	0
Greater than RWF 4,500,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	20%
Between 10 and 12 months	60%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	2.00%
Highest quoted nominal interest	2.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Commission	Paper Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	1,500
Fixed amount - max	0	1,500
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0.08%
% of loan amount - max	2.32%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Depends on client age & loan term
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Commerce Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	RWF 120,000	RWF 250,000	RWF 460,000	RWF 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-07-30	2012-07-23	2012-01-11	2012-07-31
Loan Term (Months)	3.1 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	1.0 month	1.0 month	3.0 months	1.0 month
Total Cost of Credit	RWF 16,035	RWF 39,562.50	RWF 80,735	RWF 153,740
True Price by Comp
Interest price component	57.8%	23.7%	23.8%	23.7%
Fee Component	20.3%	5.2%	4.0%	4.4%
Insurance Component	0.7%	0.5%	0.4%	0.4%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	31.9%	15.6%	12.6%	15.3%
Full APR (int fee ins tax dep)	110.7%	45.0%	40.8%	43.8%
Transparency Index	22	53	59	55

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Commerce Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	160
AJDFI	13,100	884,000	6	160
ARDCI	44,600	9,403,000	1	160
ASA Philippines	333,400	29,282,000	1	160
ASHI	35,400	5,231,000	6	160
ASKI	60,000	15,247,000	4	160
Bangko Kabayan	8,900	2,373,000	2	160
BSEI	600	73,000	2	160
CBI	8,100	2,010,000	5	160
CCT	70,300	9,504,000	4	160
CEV	35,400	5,111,000	4	160
DSPI	59,300	3,676,000	3	160
ECLOF	5,400	1,836,000	4	160
FCB	12,000	2,392,000	2	160
FMB	2,700	710,000	2	160
GM Bank	23,500	1,553,000	3	160
HSPFI	19,100	1,899,000	2	160
JVOFI	1,300	281,000	1	160
Katipunan Bank	42,100	5,325,000	2	160
KDCI	20,500	2,095,000	3	160
KGI	32,300	3,421,000	4	160
KMBI	245,000	15,098,000	1	160
LTMPC	37,400	8,935,000	3	160
Mallig Plains	6,500	641,000	2	160
MILAMDEC	29,800	3,278,000	2	160
MWIMPC	11,800	1,740,000	4	159
NWTF	105,500	12,698,000	5	160
OFMPC	4,400	964,000	1	160
PBC	50,700	10,434,000	4	160
PCSD	700	167,000	1	160
PMPC	23,500	5,565,000	8	160
RB Angeles	900	1,502,000	2	160
RB Labason	500	289,000	1	160
RBLI	5,200	1,026,000	2	160
RBMI	11,900	1,750,000	2	160
RMB	100	173,000	1	160
RSPI	39,600	2,834,000	4	160
SAFRAGEMC	1,100	229,000	1	160
Salve	10,900	1,191,000	3	160
SEDP	27,000	3,914,000	3	160
TSKI	212,900	25,187,000	2	160
TSPI	264,500	31,290,000	7	160
Valient	1,700	672,000	2	160

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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Commerce Loan samples

Commerce Loan Price Graphs

Total Borrowers of Samples

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