| Number borrowers | 2,738 |
| Loan Amount (range) | RWF 2,000,000 - 5,000,000 |
| Loan Term (range) | 12 - 18 |
| Other Services (text summary) | Credit Educ, Credit Ins, 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) | 29.5% - 31.7% |
| Transparency Index (min/max) | 0 |
| Transparency Index (average) | 75 |
| 3,590 |
| PHP 3,000 - 20,000 |
| 6 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| 25.0% annual, Flat |
| None |
| None |
| None |
| N/A |
| N/A |
| 47.3% - 48.4% (Int+Fee) |
| 0 - 33.7% |
| 0 |
| 47.3% - 48.4% |
| 0 - 75 |
| 52 |
| Outstanding portfolio (RWF) | RWF 259,525,562 |
| Portfolio (USD) | USD 432,543 |
| Active Clients with Loans | 2,738 |
| 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 | |
| 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 (PHP) | PHP 15,432,103 |
| Portfolio (USD) | USD 369,189.07 |
| Active Clients with Loans | 3,590 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 2,000,000 |
| Maximum loan size | 5,000,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 18.0 months |
| Approx average | 14.0 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 | 60% |
| Longer than 18 months | 40% |
| 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 | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| 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 | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed |
| Lowest quoted nominal interest | 25.00% |
| Highest quoted nominal interest | 25.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 2,000,000 | RWF 3,000,000 | RWF 4,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | |||||
| Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | RWF 535,114 | RWF 819,226.60 | RWF 1,092,305.80 | ||
| True Price by Comp | |||||
| Interest price component | 22.6% | 22.7% | 22.6% | ||
| Fee Component | 1.0% | 1.0% | 1.0% | ||
| Insurance Component | 0.1% | 0.6% | 0.6% | ||
| Tax Component | 0.2% | 0.3% | 0.3% | ||
| Deposit Component | 7.8% | 4.9% | 4.9% | ||
| Full APR (int fee ins tax dep) | 31.7% | 29.6% | 29.5% | ||
| Transparency Index | 0 | 0 | 0 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 5,000 | PHP 10,000 | PHP 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | ||
| Disbursement Date | 2011-01-31 | 2011-01-31 | 2011-02-21 | ||
| Loan Term (Months) | 11.7 months | 5.8 months | 5.8 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 | 47.3% | 48.4% | 48.4% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 47.3% | 48.4% | 48.4% | ||
| Transparency Index | 53 | 52 | 52 | ||
| 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 |
|---|---|---|---|---|---|---|---|
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