2. UCU
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SAT
Please note that the information you are viewing is 141 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 OF SAVINGS AND CREDIT COOPERATIVES (UCU) KIGALINYARUGENGENYAMIRAMBO, RWANDA2998 KIGALI
Data approved: 2011-10-26
Data version: 1
Age of data: -   months 
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Institution

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, near Capital RadioKumasi, AshantiP.O. Box 4911
Data approved: 2013-03-13
Data version: 2
Age of data: 141 months
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Product

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Product

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Product Summary

Number borrowers52
Loan Amount (range)RWF 500,000 - 1,500,000
Loan Term (range)0.5
Other Services (text summary)
Annual Interest & Method130.00% annual, Flat
Fees
Insurance
Tax
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component130.4% (Int+Fee)
Insurance Component0 - 43.7%
Tax Component Range-43.7% - 2.6%
Full APR (int fee ins tax dep)130.4%
Transparency Index (min/max)0 - N/A
Transparency Index (average)

Product Summary

45,929
GHS 1,000 - 4,000
0.5 - 10
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Education
22.00%-39.00% annual, Flat
2 fees
0.50%-2.00% ongoing
None
10.00% upfront
 
46.3% - 64.7%
6.8% - 18.2%
2.2% - 3.1%
0
84.8% - 93.1%
22 - 52
24

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 28,836,173
Portfolio (USD)USD 48,875
Active Clients with Loans52
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Short term loan for business owners which must be paid once. The loan term is two weeks or less.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 22,547,879
Portfolio (USD)USD 11,445,623.86
Active Clients with Loans45,929
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Organized group lending of 5 to 8 economically disadvantaged individuals to enable business growth and development.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherHealth Education
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 500,000
Maximum loan size1,500,000
Loan Term and Grace Period
Shortest loan term0.5 months
Longest loan term0.5 months
Approx average0.5 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size4,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00030%
GHS 1,000-5,00070%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term0.5 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months60%
Between 7 and 9 months10%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodWeekly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest39.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeTraining Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionClient Welfare Fee
% of loan amount - min0.50%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationVaries depending on loan term - 3 to 12 months. Fee is 2% p.a
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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 paid8.00%
Maximum interest rate paid8.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Decouvert (2 weeks) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 500,000RWF 500,000RWF 1,000,000RWF 1,000,000
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)0.5 months0.5 months0.5 months0.5 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component130.4%130.4%130.4%130.4%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)130.4%130.4%130.4%130.4%
Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Solidarity samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 1,400GHS 1,450GHS 1,500GHS 1,600
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-172012-12-172013-03-222013-03-22
Loan Term (Months)9.0 months9.0 months6.0 months6.0 months
Grace Period (Months)0.5 months0.5 months0.5 months0.5 months
Total Cost of CreditGHS 449.68GHS 465.63GHS 355.33GHS 378.81
True Price by Comp       
Interest price component59.5%59.5%61.7%61.7%
Fee Component9.7%9.7%13.7%13.6%
Insurance Component2.9%2.9%3.0%3.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.7%12.7%14.7%14.6%
Full APR (int fee ins tax dep)84.8%84.8%93.1%93.0%
Transparency Index26262424
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Decouvert (2 weeks) Price Graphs


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Solidarity Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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