Urwego Opportunity Bank - Community Banking - MFTransparency.org Truth In Lending Tables

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748

Data approved: 1900-01-00

Data version: 3

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 3,746,361,055
Portfolio (USD)	USD 5,853,689.15
Active Clients with Loans	31,626
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Group members 20 to 60 individuals; groups members must have a business; member co guarantee each other (Social guarantee)

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training
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	30
# Regions for this product	30
Regions Active	Bugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza, Nyarugenge, Nyaruguru, Rubavu, Ruhango, Rulindo, Rusizi, Rutsiro, Rwamagana

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 30,000
Maximum loan size	1,500,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	90%
RWF 500,000-1,500,000	10%
RWF 1,500,000-2,500,000	0
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	4.0 months
Longest loan term	4.0 months
Approx average	3.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.2 months

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	Fee 1
Description	Loan Processing 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	Excluding VAT
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Life Insurance Premium
% of loan amount - min	0.08%
% of loan amount - max	0.08%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Excluding VAT
Appears on Repayment Sched?	Yes

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?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	18%
All or some fees taxed	All

Full Pricing Data

Community Banking samples

	Sample 1	Sample 2	Sample 3
Loan Amount	RWF 250,000	RWF 1,500,000	RWF 400,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2014-08-27	2014-09-04	2014-08-05
Loan Term (Months)	4.0 months	4.0 months	4.0 months
Grace Period (Months)	0.2 months	0.2 months	0.2 months
Total Cost of Credit	RWF 26,290	RWF 157,724	RWF 36,393.60
True Price by Comp
Interest price component	49.1%	49.1%	41.7%
Fee Component	5.6%	5.6%	5.7%
Insurance Component	0.5%	0.5%	0.4%
Tax Component	1.1%	1.1%	1.1%
Deposit Component	11.5%	11.5%	10.2%
Full APR (int fee ins tax dep)	67.8%	67.8%	59.1%
Transparency Index	35	35	41

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

Community Banking Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	159
Ahantaman RB	23,800	9,896,000	4	141
APED	13,700	1,876,000	2	141
ASA Initiative	4,400	577,000	4	141
ASA-Ghana	71,600	18,385,000	2	141
ASPI	800	88,000	6	141
Atwima Kwanwoma	3,800	1,788,000	2	141
Baobab	5,100	967,000	2	141
BestFUND	13,000	4,172,000	3	141
Bonzali Rural	10,400	1,691,000	4	159
CashPhase	83	135,000	2	141
CASUD	1,100	524,000	1	141
CEDEF	500	54,000	4	141
CFF	100	13,000	1	141
CRAN	3,600	1,019,000	2	141
DQF	1,700	63,000	2	141
EASL	9,200	11,409,000	6	141
East Mamprusi	12,500	2,268,000	4	141
ELDA	0	0	0	141
EMPRETEC Ghana	200	56,000	2	141
FASL	13,500	14,047,000	8	141
Grameen Ghana	9,500	507,000	3	141
ID-Ghana	5,600	953,000	3	141
Innovative Finance	2,700	354,000	3	141
Kraban Support	7,700	781,000	5	159
KRB	4,000	6,350,000	3	141
Lower Pra RB	34,000	6,316,000	3	159
Maata-N-Tudu	12,000	941,000	4	141
Mail Finance	300	288,000	1	141
Markaz	0	0	0	141
Markaz Al Bishara	100	17,000	1	141
MicrofinPlus Gh	1,100	251,000	2	141
Nwabiagya RB	4,000	2,265,000	3	141
OISL	62,000	27,232,000	9	141
Pro Credit	0	0	0	141
Rich Step	100	101,000	1	141
SAT	147,600	29,359,000	4	141
Sekam Trust	600	137,000	2	141
Simli Pong	8,900	463,000	3	159
SS Ghana	200	35,000	1	141
TCCU	100	32,000	3	141
The Bridge	400	32,000	3	159
Union RB	3,800	2,361,000	4	141

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
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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

Community Banking samples

Community Banking Price Graphs

Total Borrowers of Samples

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