2. Wisigara
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588
Data approved: 2012-11-07
Data version: 2
Age of data: 143 months
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Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressn/a
Year established2003
Head of InstitutionFlorent Majyambere
Regions activeBurera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu
# Branches11

Total Portfolio (nat'l)RWF 579,013,264
Total Portfolio (USD)USD 904,708.23
Active clients with loans2,177
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAMIR
FundersTerrafina, Banque Rwandaise Developpement, AQUADEV, RaboBank

Loan Products » Summary

Agriculture
1,039 Borrowers
USD 529,287.62 Portfolio
Active Product
Commerce
1,062 Borrowers
USD 189,401.16 Portfolio
Active Product
Other
76 Borrowers
USD 186,019.45 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan RWF 20,000 - 1,000,000 3 - 24 0% - 20% 0% - 20% Business Women, Men Credit Educ, Business Training, Other Training
Commerce Loan RWF 20,000 - 2,000,000 3 - 12 20% - 40% 0% - 20% Business, Housing, Consumer, Education Women, Men, Have business Credit Educ, Business Training, Other Training
Others Loan RWF 100,000 - 2,000,000 3 - 12 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ, Business Training, Education Finance

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 24.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 19.7% - 29.3% 29.9% - 42.4% 63
Commerce Loan 24.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 27.8% - 78.1% 40.8% - 110.7% 39
Others Loan 24.00%-60.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 27.3% - 78.1% 42.5% - 110.7% 35
Institution Price Graph
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  2. EASL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra
Data approved: 2013-07-31
Data version: 1
Age of data: 139 months

Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 7,020,472.84
Portfolio (USD)USD 3,563,691.80
Active Clients with Loans2,755
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Flexible financing for the growth of your business. Minimum 6 months business experience. 10% interest payback when cash installments are on time.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveGreater Accra Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 3,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00090%
GHS 5,000-7,50010%
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months50%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.75%
Highest quoted nominal interest3.75%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 1.5% to 2.0% in March 2013.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.55%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 0.55% to 1.0% in July 2013.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired only if physical collateral provided is not sufficient.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Adwuma Pa samples
Sample 2Sample 3Sample 4
Loan AmountGHS 6,000GHS 8,000GHS 13,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-102013-06-032013-06-28
Loan Term (Months)12.0 months12.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.3 months
Total Cost of CreditGHS 2,860GHS 3,283GHS 10,322.50
True Price by Comp     
Interest price component72.4%62.8%59.0%
Fee Component4.2%4.1%2.3%
Insurance Component1.1%1.2%0.7%
Tax Component0.3%0.2%0.0%
Deposit Component0.0%0.0%12.2%
Full APR (int fee ins tax dep)78.0%68.3%74.2%
Transparency Index586661
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Adwuma Pa Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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