2. Urwego
  2. PMPC
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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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Institution

Paglaum Multi Purpose Cooperative 2F PMPC Bldg., Eastern LoocPlaridel, Misamis Occidental7209
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

Micro Individual/Business Loan Product 3 of 6 « Prev | Next »

Product

Barangay Official Livelihood Assistance Product 1 of 8 « Prev | Next »

Product Summary

Number borrowers1,331
Loan Amount (range)RWF 250,000 - 60,000,000
Loan Term (range)8 - 60
Other Services (text summary)Business Training
Annual Interest & Method10.0%-20.0% annual, Decl Bal
Fees1.00%-2.00% upfront
Insurance1.00% upfront
Tax18.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component18.3% - 49.1%
Fee Component1.5% - 8.1%
Insurance Component0 - 1.1%
Tax Component Range0 - 1.6%
Full APR (int fee ins tax dep)22.1% - 24.5%
Transparency Index (min/max)30 - 81
Transparency Index (average)43

Product Summary

670
PHP 500 - 15,000
6 - 36
Credit Educ, Credit Ins
22.8% annual, Flat
4.00% upfront 50.00 upfront
1.50% upfront 20.00 ongoing
None
6.5% upfront 26.00 ongoing
 
N/A
44.9% - 52.7% (Int+Fee)
2.2% - 83.9%
0
59.2% - 79.8%
15 - 136
35

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,170,097,119
Portfolio (USD)USD 4,953,276.75
Active Clients with Loans1,331
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is for small entrepreneurs as well as graduated clients from Community Banking groups and Solidarity Groups; a client must have a business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
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 institution30
# Regions for this product15
Regions ActiveBugesera, Gasabo, Gicumbi, Huye, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Nyabihu, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 10,280,041.88
Portfolio (USD)USD 245,934.02
Active Clients with Loans670
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
To provide financial assistance to all Barangay Officials under the BOLA Program for the purposes of; Business activities, livelihood projects, providential purpose, medical, educational
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
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
OtherBarangay Officials
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size60,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0005%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,0005%
Greater than RWF 4,500,0005%
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term60.0 months
Approx average13.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months50%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 500
Maximum loan size15,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 monthsx
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife and Fire Insurance Fees
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLoans <10M pay 1%, loans >10M pay matrix fee
Appears on Repayment Sched?No
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?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
Life and Fire insurance fees are paid to Insurance Companies.

Pricing Information

Interest
Lowest quoted nominal interest1.90%
Highest quoted nominal interest1.90%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeNotarial Fee
% of loan amount - min4.00%0
% of loan amount - max4.00%0
OR, Fixed amount - min050
Fixed amount - max050
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionMBA, Life and Retirement Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20
Fixed amount - max20
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited6.50%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 26
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Micro Individual/Business Loan samples
Sample 1Sample 2
Loan AmountRWF 5,000,000RWF 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2014-08-042014-08-28
Loan Term (Months)24.0 months37.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditRWF 1,343,277RWF 5,535,081
True Price by Comp   
Interest price component20.8%19.8%
Fee Component2.1%1.5%
Insurance Component1.1%0.4%
Tax Component0.5%0.4%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)24.5%22.1%
Transparency Index4145
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Barangay Official Livelihood Assistance samples
Sample 1Sample 2Sample 3
Loan AmountPHP 3,671.47PHP 8,888.90PHP 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-09-302010-06-302010-12-16
Loan Term (Months)10.0 months24.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component52.7%44.9%48.9%
Insurance Component15.0%6.1%6.1%
Tax Component0.0%0.0%0.0%
Deposit Component12.1%8.2%7.0%
Full APR (int fee ins tax dep)79.8%59.2%62.0%
Transparency Index293937
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Micro Individual/Business Loan Price Graphs


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Barangay Official Livelihood Assistance 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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