2. Urwego
  2. Chaitanya
Please note that the information you are viewing is 139 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

Chaitanya India Fin Credit Pvt Ltd #169, 1st Floor, 5th MainChamarajpetBangalore, KarnatakaPO Box 560018
Data approved: 2012-11-26
Data version: 3
Age of data: 139 months
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Product

Micro Consumer Loans Product 6 of 6 « Prev | Next »

Product

2D Business Loan Product 2 of 7 « Prev | Next »

Product Summary

Number borrowers255
Loan Amount (range)RWF 50,000 - 5,000,000
Loan Term (range)3 - 36
Other Services (text summary)
Annual Interest & Method18.0%-20.0% annual, Decl Bal
Feesupfront
InsuranceNone
TaxNone
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% - 25.9%
Transparency Index (min/max)30 - 81
Transparency Index (average)75

Product Summary

2,162
INR 36,000 - 50,000
24 - 30
Credit Educ, Group Mtgs, Credit Ins
26.0% annual, Decl Bal
0.88% upfront
1.20% upfront
12.36% fees
N/A
 
25.8% - 27.3%
1.4% - 2.4%
2.1% - 3.5%
0.2% - 0.4%
29.6% - 30.1%
79 - 88
87

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 87,601,095
Portfolio (USD)USD 136,876.71
Active Clients with Loans255
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are offered to salaried workers, college students and household finance.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution30
# Regions for this product4
Regions ActiveGasabo, Kicukiro, Musanze, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (INR)INR 27,997,776
Portfolio (USD)USD 528,259.92
Active Clients with Loans2,162
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint liability group (JLGs)
Description
2D Business loan is offered to customers engaged in income generating activities. The loan term is 2 years and loan disbursement is made in two installments.
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 visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveKarnataka

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 50,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00080%
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0005%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months5%
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months5%
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 payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 36,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,00050%
Greater than INR 45,00050%
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term30.0 months
Approx average27.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest18.00%
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 fees
% of loan amount - min0
% 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
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 interest26.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesN/A
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 fees12.4%
All or some fees taxedSome

Full Pricing Data

Micro Consumer Loans samples
Sample 1Sample 2
Loan AmountRWF 420,000RWF 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2014-08-042014-08-26
Loan Term (Months)12.0 months7.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditRWF 51,468RWF 8,777
True Price by Comp   
Interest price component18.3%19.8%
Fee Component3.8%6.1%
Insurance Component0.0%0.0%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)22.1%25.9%
Transparency Index8169
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

2D Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 40,000INR 40,000INR 49,000INR 49,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-272012-11-022012-10-172012-07-24
Loan Term (Months)25.0 months28.0 months28.0 months28.0 months
Grace Period (Months)0.1 months0.4 months0.0 months0.0 months
Total Cost of CreditINR 7,811INR 9,029INR 10,755INR 10,783
True Price by Comp       
Interest price component25.9%25.9%25.9%25.9%
Fee Component1.6%1.4%1.5%1.5%
Insurance Component2.3%2.1%2.1%2.1%
Tax Component0.3%0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.1%29.6%29.7%29.7%
MFIN MFI Earning (Annualised)27.5%27.3%27.4%27.4%
MFIN Cost to Borrower (Annualised)30.1%29.6%29.7%29.7%
Transparency Index86888788
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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Key Statistics
# Samples:
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# 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
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