| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.vfcrwanda.com/ |
| Year established | 1999 |
| Head of Institution | Shem Kakembo |
| Regions active | Bugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, HuyeKayonza, Kicukiro, Kirehe, Musanze, Ngoma, Ngororero, Nyabihu, Nyamagabe, Nyarugenge |
| # Branches | 0 |
| Total Portfolio (nat'l) | RWF 2,223,773,287 |
| Total Portfolio (USD) | USD 3,474,645.76 |
| Active clients with loans | 14,226 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AMIR, World Vision International, MAIN, ANAFI |
| Funders | Vision Fund International, Terrafina, KIVA, Triple Jump |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Akarusho (Progress Equipment) Loan | RWF 96,000 - 700,000 | 6 - 36 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Inyongerabukungu (Grow the Economy) Loan | RWF 500,000 - 2,000,000 | 3 - 24 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Ins | |||||||
| Iyambere (Individual Progress) Loan | RWF 500,000 - 4,000,000 | 3 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business, Must have collateral | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Koramuhinzi (Farmers Please Work) Loan | RWF 10,000 - 300,000 | 3 - 9 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Ubwizerane (Trust) Loan | RWF 150,000 - 250,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Urunana (Community Bank) Loan | RWF 30,000 - 495,000 | 3 - 8 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Akarusho (Progress Equipment) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 53.6% - 55.6% | 55.5% - 57.9% | 53 | ||||||||
| Inyongerabukungu (Grow the Economy) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 37.4% - 59.1% | 41.2% - 63.7% | 61 | ||||||||
| Iyambere (Individual Progress) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | N/A | 44.2% - 58% | 46% - 61.3% | 56 | ||||||||
| Koramuhinzi (Farmers Please Work) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 37.2% - 37.4% | 51.8% - 52.1% | 57 | ||||||||
| Ubwizerane (Trust) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 60% - 62.1% | 95.8% - 100.5% | 30 | ||||||||
| Urunana (Community Bank) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 28.7% - 37.2% | 42% - 51.8% | 61 |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| AGFS | 200 | 47,000 | 2 | 159 |
| Ahantaman RB | 23,800 | 9,896,000 | 4 | 141 |
| APED | 13,700 | 1,876,000 | 2 | 141 |
| ASA Initiative | 4,400 | 577,000 | 4 | 141 |
| ASA-Ghana | 71,600 | 18,385,000 | 2 | 141 |
| ASPI | 800 | 88,000 | 6 | 141 |
| Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 141 |
| Baobab | 5,100 | 967,000 | 2 | 141 |
| BestFUND | 13,000 | 4,172,000 | 3 | 141 |
| Bonzali Rural | 10,400 | 1,691,000 | 4 | 159 |
| CashPhase | 83 | 135,000 | 2 | 141 |
| CASUD | 1,100 | 524,000 | 1 | 141 |
| CEDEF | 500 | 54,000 | 4 | 141 |
| CFF | 100 | 13,000 | 1 | 141 |
| CRAN | 3,600 | 1,019,000 | 2 | 141 |
| DQF | 1,700 | 63,000 | 2 | 141 |
| EASL | 9,200 | 11,409,000 | 6 | 141 |
| East Mamprusi | 12,500 | 2,268,000 | 4 | 141 |
| ELDA | 0 | 0 | 0 | 141 |
| EMPRETEC Ghana | 200 | 56,000 | 2 | 141 |
| FASL | 13,500 | 14,047,000 | 8 | 141 |
| Grameen Ghana | 9,500 | 507,000 | 3 | 141 |
| ID-Ghana | 5,600 | 953,000 | 3 | 141 |
| Innovative Finance | 2,700 | 354,000 | 3 | 141 |
| Kraban Support | 7,700 | 781,000 | 5 | 159 |
| KRB | 4,000 | 6,350,000 | 3 | 141 |
| Lower Pra RB | 34,000 | 6,316,000 | 3 | 159 |
| Maata-N-Tudu | 12,000 | 941,000 | 4 | 141 |
| Mail Finance | 300 | 288,000 | 1 | 141 |
| Markaz | 0 | 0 | 0 | 141 |
| Markaz Al Bishara | 100 | 17,000 | 1 | 141 |
| MicrofinPlus Gh | 1,100 | 251,000 | 2 | 141 |
| Nwabiagya RB | 4,000 | 2,265,000 | 3 | 141 |
| OISL | 62,000 | 27,232,000 | 9 | 141 |
| Pro Credit | 0 | 0 | 0 | 141 |
| Rich Step | 100 | 101,000 | 1 | 141 |
| SAT | 147,600 | 29,359,000 | 4 | 141 |
| Sekam Trust | 600 | 137,000 | 2 | 141 |
| Simli Pong | 8,900 | 463,000 | 3 | 159 |
| SS Ghana | 200 | 35,000 | 1 | 141 |
| TCCU | 100 | 32,000 | 3 | 141 |
| The Bridge | 400 | 32,000 | 3 | 159 |
| Union RB | 3,800 | 2,361,000 | 4 | 141 |
| Key Statistics | |
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| % Products with one or more insurances | |
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