| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.uob.rw/ |
| Year established | 1997 |
| Head of Institution | Tineyi Emmanuel Mawocha |
| 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 |
| # Branches | 36 |
| Total Portfolio (nat'l) | RWF 9,442,026,780 |
| Total Portfolio (USD) | USD 14,753,166.84 |
| Active clients with loans | 38,207 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Opportunity International, Hope International, World Relief |
| Funders | MasterCard Foundation, Gates Foundation, Credit Suisse, European Union |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Community Banking | RWF 250,000 - 3,000,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business, Other | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Community Banking | RWF 30,000 - 1,500,000 | 4 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Micro Individual/Business Loan | RWF 250,000 - 60,000,000 | 8 - 60 | 20% - 40% | 20% - 40% | Business, Agriculture, Housing, Consumer, Education | Women, Men | Business Training | |||||||
| New Solidarity Group | RWF 250,000 - 6,000,000 | 6 - 24 | 60% - 80% | 80% - 100% | Business, Consumer, Other | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Micro Consumer Loans | RWF 50,000 - 5,000,000 | 3 - 36 | 20% - 40% | 20% - 40% | Consumer, Education, Other | Women, Men, Salaried worker |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Community Banking | 24.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 10.0% upfront | 43.4% - 50.1% | 53% - 60.9% | 42 | ||||||||
| Community Banking | 24.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 10.0% upfront | 47.4% - 54.7% | 59.1% - 67.8% | 37 | ||||||||
| Micro Individual/Business Loan | 10.0%-20.0% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 21.3% - 22.9% | 22.1% - 24.5% | 43 | ||||||||
| New Solidarity Group | 18.0% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 15.0% upfront | 44.2% | 60.6% | 30 | ||||||||
| Micro Consumer Loans | 18.0%-20.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 22.1% - 25.9% | 22.1% - 25.9% | 75 |
| Outstanding portfolio (PHP) | PHP 276,550 |
| Portfolio (USD) | USD 6,616.03 |
| Active Clients with Loans | 423 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | Health Insurance |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | TKP Group member |
| Other (2) |
| Currency | PHP |
| Minimum loan size | PHP 300 |
| Maximum loan size | 1,200 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 1.00% |
| Highest quoted nominal interest | 1.00% |
| Reason(s) why interest rate varies | Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | 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 | PHP 1,200 | PHP 1,200 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2011-05-18 | 2011-05-18 | |
| Loan Term (Months) | 6.0 months | 6.0 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 | 23.7% | 23.7% | |
| Insurance Component | 0.0% | 0.0% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 23.7% | 23.7% | |
| Transparency Index | 51 | 51 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
