| Number borrowers | 521 |
| Loan Amount (range) | RWF 50,000 - 1,999,999 |
| Loan Term (range) | 4 - 12 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 22.80% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | 18.00% fees |
| Comp Dep | 10.00%-15.00% upfront |
| Range of pricing | |
| Interest Price Component | 21.3% - 93.8% |
| Fee Component | 0 - 2.7% |
| Insurance Component | 0 - 0.6% |
| Tax Component Range | 0 - 0.6% |
| Full APR (int fee ins tax dep) | 50.2% - 55.7% |
| Transparency Index (min/max) | 0 |
| Transparency Index (average) | 44 |
| 116 |
| TZS 2,000,000 - 15,000,000 |
| 3 - 12 |
| Credit Educ, Tech Asst Visits, Business Training |
| 24.00%-29.00% annual, Flat |
| 0.50% upfront |
| 1.00% upfront |
| None |
| 25.00% upfront |
| N/A |
| 49.6% - 51.5% (Int+Fee) |
| 2.2% - 7.8% |
| 0 |
| 88.6% - 91.8% |
| 23 - 39 |
| 26 |
| Outstanding portfolio (RWF) | RWF 219,000,000 |
| Portfolio (USD) | USD 365,000 |
| Active Clients with Loans | 521 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| 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 | 10 |
| # Regions for this product | 10 |
| Regions Active | Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango |
| Outstanding portfolio (TZS) | TZS 99,987,804 |
| Portfolio (USD) | USD 62,885.41 |
| Active Clients with Loans | 116 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 50,000 |
| Maximum loan size | 1,999,999 |
| Loans less than RWF 500,000 | 30% |
| RWF 500,000-1,500,000 | 30% |
| 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 |
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 8.0 months |
| 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 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 | TZS |
| Minimum loan size | TZS 2,000,000 |
| Maximum loan size | 15,000,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| 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 |
| Lowest quoted nominal interest | 22.80% |
| Highest quoted nominal interest | 22.80% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 10.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 29.00% |
| Reason(s) why interest rate varies | Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | TZS 1,500 |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | RWF 100,000 | RWF 250,000 | RWF 500,000 | RWF 1,000,000 | RWF 1,900,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-09-25 | 2012-09-25 | 2012-09-25 | 2012-09-25 | 2012-09-25 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | 0.0 months | ||||
| Total Cost of Credit | RWF 24,337.50 | RWF 60,843.85 | RWF 121,687.70 | RWF 243,375.40 | RWF 462,413.26 | ||||
| True Price by Comp | |||||||||
| Interest price component | 39.2% | 39.2% | 39.1% | 39.1% | 39.2% | ||||
| Fee Component | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | ||||
| Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | ||||
| Tax Component | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | ||||
| Deposit Component | 13.5% | 8.2% | 8.1% | 8.1% | 8.2% | ||||
| Full APR (int fee ins tax dep) | 55.7% | 50.4% | 50.2% | 50.2% | 50.4% | ||||
| Transparency Index | 0 | 0 | 0 | 0 | 0 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-05-02 | 2011-02-05 | 2011-01-02 | ||
| Loan Term (Months) | 6.0 months | 9.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 49.6% | 51.5% | 51.1% | ||
| Insurance Component | 4.5% | 3.3% | 2.5% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 36.1% | 37.0% | 34.9% | ||
| Full APR (int fee ins tax dep) | 90.1% | 91.8% | 88.6% | ||
| Transparency Index | 27 | 26 | 27 | ||
| 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 | ||||||
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| By Country | ||||||
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