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

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748

Data approved: 2012-09-27

Data version: 2

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 5,202,031,666
Portfolio (USD)	USD 8,128,174.48
Active Clients with Loans	7,933
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Group members 10 to 30 s, group 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	x
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	22
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 250,000
Maximum loan size	3,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	20%
RWF 500,000-1,500,000	30%
RWF 1,500,000-2,500,000	30%
RWF 2,500,000-3,500,000	20%
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	12.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	50%
Between 7 and 9 months	20%
Between 10 and 12 months	30%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	2.50%
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	0.80%
% of loan amount - max	0.80%
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	10.00%
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

Advanced Community Banking samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	RWF 250,000	RWF 500,000	RWF 980,000	RWF 2,000,000	RWF 3,000,000
Loan Cycle (1, 2, 3, etc)	1	6	5	6	6
Disbursement Date	2012-09-20	2012-09-20	2012-09-17	2012-09-13	2012-09-13
Loan Term (Months)	6.0 months	6.0 months	8.0 months	8.0 months	12.0 months
Grace Period (Months)	0.9 months	0.9 months	0.9 months	0.9 months	0.9 months
Total Cost of Credit	RWF 42,653	RWF 85,295	RWF 212,286.20	RWF 433,219	RWF 960,513
True Price by Comp
Interest price component	49.2%	49.2%	50.1%	50.1%	50.7%
Fee Component	3.6%	3.6%	2.9%	2.9%	2.0%
Insurance Component	2.9%	2.9%	2.3%	2.3%	1.7%
Tax Component	1.2%	1.2%	1.0%	1.0%	0.6%
Deposit Component	16.0%	16.0%	16.0%	16.0%	15.6%
Full APR (int fee ins tax dep)	72.9%	72.9%	72.3%	72.3%	70.6%
Transparency Index	41	41	41	41	43

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

Advanced Community Banking Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	162
Ahantaman RB	23,800	9,896,000	4	144
APED	13,700	1,876,000	2	144
ASA Initiative	4,400	577,000	4	144
ASA-Ghana	71,600	18,385,000	2	144
ASPI	800	88,000	6	144
Atwima Kwanwoma	3,800	1,788,000	2	144
Baobab	5,100	967,000	2	144
BestFUND	13,000	4,172,000	3	144
Bonzali Rural	10,400	1,691,000	4	162
CashPhase	83	135,000	2	144
CASUD	1,100	524,000	1	144
CEDEF	500	54,000	4	144
CFF	100	13,000	1	144
CRAN	3,600	1,019,000	2	144
DQF	1,700	63,000	2	144
EASL	9,200	11,409,000	6	144
East Mamprusi	12,500	2,268,000	4	144
ELDA	0	0	0	144
EMPRETEC Ghana	200	56,000	2	144
FASL	13,500	14,047,000	8	144
Grameen Ghana	9,500	507,000	3	144
ID-Ghana	5,600	953,000	3	144
Innovative Finance	2,700	354,000	3	144
Kraban Support	7,700	781,000	5	162
KRB	4,000	6,350,000	3	144
Lower Pra RB	34,000	6,316,000	3	162
Maata-N-Tudu	12,000	941,000	4	144
Mail Finance	300	288,000	1	144
Markaz	0	0	0	144
Markaz Al Bishara	100	17,000	1	144
MicrofinPlus Gh	1,100	251,000	2	144
Nwabiagya RB	4,000	2,265,000	3	144
OISL	62,000	27,232,000	9	144
Pro Credit	0	0	0	144
Rich Step	100	101,000	1	144
SAT	147,600	29,359,000	4	144
Sekam Trust	600	137,000	2	144
Simli Pong	8,900	463,000	3	162
SS Ghana	200	35,000	1	144
TCCU	100	32,000	3	144
The Bridge	400	32,000	3	162
Union RB	3,800	2,361,000	4	144

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
	to
	to
	to ∞

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

Advanced Community Banking samples

Advanced Community Banking Price Graphs

Total Borrowers of Samples

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