Number borrowers | 1,331 |
Loan Amount (range) | RWF 250,000 - 60,000,000 |
Loan Term (range) | 8 - 60 |
Other Services (text summary) | Business Training |
Annual Interest & Method | 10.0%-20.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront |
Insurance | 1.00% upfront |
Tax | 18.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 18.3% - 49.1% |
Fee Component | 1.5% - 8.1% |
Insurance Component | 0 - 1.1% |
Tax Component Range | 0 - 1.6% |
Full APR (int fee ins tax dep) | 22.1% - 24.5% |
Transparency Index (min/max) | 30 - 81 |
Transparency Index (average) | 43 |
2,716 |
INR 5,000 - 20,000 |
8 - 15 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Signature, Financial Discipline |
24.0% annual, Decl Bal |
2.50%-3.00% upfront |
100.00 upfront |
None |
N/A |
N/A |
28.9% - 30.6% (Int+Fee) |
1.2% - 2.7% |
0 |
30.1% - 33.3% |
72 - 80 |
76 |
Outstanding portfolio (RWF) | RWF 3,170,097,119 |
Portfolio (USD) | USD 4,953,276.75 |
Active Clients with Loans | 1,331 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | x |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
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 | 30 |
# Regions for this product | 15 |
Regions Active | Bugesera, Gasabo, Gicumbi, Huye, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Nyabihu, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana |
Outstanding portfolio (INR) | INR 12,599,383 |
Portfolio (USD) | USD 237,724.21 |
Active Clients with Loans | 2,716 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | Signature |
Other (2) | Financial Discipline |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | RWF |
Minimum loan size | RWF 250,000 |
Maximum loan size | 60,000,000 |
Loans less than RWF 500,000 | 5% |
RWF 500,000-1,500,000 | 15% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 5% |
Greater than RWF 4,500,000 | 5% |
Shortest loan term | 8.0 months |
Longest loan term | 60.0 months |
Approx average | 13.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 10% |
Longer than 18 months | 50% |
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 | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 20,000 |
Shortest loan term | 8.0 months |
Longest loan term | 15.0 months |
Approx average | 12.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Excluding VAT |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life and Fire Insurance Fees |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Loans <10M pay 1%, loans >10M pay matrix fee |
Appears on Repayment Sched? | No |
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? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.50% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | ||
---|---|---|---|
Loan Amount | RWF 5,000,000 | RWF 15,000,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2014-08-04 | 2014-08-28 | |
Loan Term (Months) | 24.0 months | 37.0 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | RWF 1,343,277 | RWF 5,535,081 | |
True Price by Comp | |||
Interest price component | 20.8% | 19.8% | |
Fee Component | 2.1% | 1.5% | |
Insurance Component | 1.1% | 0.4% | |
Tax Component | 0.5% | 0.4% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 24.5% | 22.1% | |
Transparency Index | 41 | 45 | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 8,000 | INR 15,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | 2 | |
Disbursement Date | 2010-10-13 | 2010-11-10 | |
Loan Term (Months) | 12.1 months | 15.4 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 30.6% | 28.9% | |
Insurance Component | 2.7% | 1.2% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 33.3% | 30.1% | |
MFIN MFI Earning (Annualised) | 30.6% | 28.9% | |
MFIN Cost to Borrower (Annualised) | 33.3% | 30.1% | |
Transparency Index | 72 | 80 | |
MFIN Transparency Index | N/A | N/A | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Key Statistics | |
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# 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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