2. Vision Finance
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
  2. MCBL
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Vision Finance Company S.A NyarugengeKigaliPO Box 6893
Data approved: 2011-09-16
Data version: 1
Age of data: 160 months

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333
Data approved: 2013-04-09
Data version: 2
Age of data: 134 months
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Product

Urunana (Community Bank) Loan Product 6 of 6 « Prev | Next »

Product

Agriculture Loans Product 1 of 7 « Prev | Next »

Product Summary

Number borrowers2,565
Loan Amount (range)RWF 30,000 - 495,000
Loan Term (range)3 - 8
Other Services (text summary)Group Mtgs, Credit Ins, Business Training
Annual Interest & Method30.00% annual, Flat
Fees3.00% upfront
Insurance1.50% upfront
TaxNone
Comp Dep20.00% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component28.7% - 37.2% (Int+Fee)
Insurance Component1.8% - 5.9%
Tax Component Range0
Full APR (int fee ins tax dep)42.0% - 51.8%
Transparency Index (min/max)30 - 73
Transparency Index (average)61

Product Summary

271
TZS 500,000 - 5,000,000
12
Business Training
30.00% annual, Decl Bal
2.00% upfront
0.65% upfront
None
15.00% upfront
 
29.1% - 53.4%
1.5% - 8.5%
0.5% - 2.8%
0
40.1%
25 - 75
74

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 86,706,623
Portfolio (USD)USD 135,479.10
Active Clients with Loans2,565
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This product exists in a relatively poorer rural communities; Where a peer pressure mechanism is used to ensure the loans are paid back. These loans increase in size over time. This loan is used for commerce purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution16
# Regions for this product20
Regions ActiveBugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, HuyeKayonza, Kicukiro, Kirehe, Musanze, Ngoma, Ngororero, Nyabihu, Nyamagabe, Nyarugenge, Nyaruguru, Rubavu, Rulindo, Rwamagana

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 387,620,453
Portfolio (USD)USD 243,786.45
Active Clients with Loans271
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These are loans meant for people who are involved in income generating agricultural activities
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
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 institution1
# Regions for this product1
Regions ActiveKilimanjaro

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 30,000
Maximum loan size495,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,000100%
RWF 500,000-1,500,0000
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0000
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 term8.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months20%
Between 7 and 9 months50%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
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
CurrencyTZS
Minimum loan sizeTZS 500,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00020%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,00020%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommision Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
DescriptionInsurance Fee
% 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
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Facility / Set Up Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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 Life Assurance
% of loan amount - min0.65%
% of loan amount - max0.65%
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 forSome
CriteriaFor those withought frequent deposits
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Disbursements for agricultural loans usually take place around September to November

Full Pricing Data

Urunana (Community Bank) Loan samples
Sample 1Sample 2Sample 3
Loan AmountRWF 100,000RWF 250,000RWF 400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-09-272010-12-172010-12-17
Loan Term (Months)6.0 months6.0 months6.0 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 Component28.7%37.2%37.2%
Insurance Component2.7%3.7%3.7%
Tax Component0.0%0.0%0.0%
Deposit Component10.6%10.8%10.8%
Full APR (int fee ins tax dep)42.0%51.8%51.8%
Transparency Index715858
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Agriculture Loans samples
Sample 1Sample 2Sample 4
Loan AmountTZS 700,000TZS 1,000,000TZS 3,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-112013-01-222013-01-15
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 186,550TZS 266,500TZS 799,500
True Price by Comp     
Interest price component29.1%29.1%29.1%
Fee Component2.8%2.8%2.8%
Insurance Component0.9%0.9%0.9%
Tax Component0.0%0.0%0.0%
Deposit Component7.3%7.3%7.3%
Full APR (int fee ins tax dep)40.1%40.1%40.1%
Transparency Index757575
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Urunana (Community Bank) Loan Price Graphs


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Agriculture Loans 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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