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 |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.crediblemicrofinance.com/ |
Year established | 2008 |
Head of Institution | Mr. Khirod Chandra Malick |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | INR 88,485,639 |
Total Portfolio (USD) | USD 1,669,540.36 |
Active clients with loans | 10,093 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
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 | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-allied | INR 2,500 - 20,000 | 8 - 15 | 80% - 100% | 0% - 20% | Business, Housing | Women | Group Mtgs | |||||||
Income Generation Activities | INR 5,000 - 30,000 | 8 - 18 | 80% - 100% | 40% - 60% | Business, Housing | Women, Have business | Credit Educ, Group Mtgs |
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 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-allied | 0% | 24.2% - 25.1% | 24.2% - 25.1% | N/A | ||||||||||
Income Generation Activities | 0% | 23.6% - 24.2% | 23.6% - 24.2% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-allied | 20.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 24.2% - 25.1% | 24.2% - 25.1% | 80 | ||||||||
Income Generation Activities | 20.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 23.6% - 24.2% | 23.6% - 24.2% | 83 |
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 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 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 Ins | None | N/A | 44.2% - 58% | 46% - 61.3% | 56 | ||||||||
Koramuhinzi (Farmers Please Work) Loan | 30.00% annual, Flat | 1 Fee | 1 Ins 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 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 Ins | None | 20.00% upfront | 28.7% - 37.2% | 42% - 51.8% | 61 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-allied | 0% | 24.2% - 25.1% | 24.2% - 25.1% | N/A | ||||||||||
Income Generation Activities | 0% | 23.6% - 24.2% | 23.6% - 24.2% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agri-allied | 20.0% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 24.2% - 25.1% | 24.2% - 25.1% | 80 | ||||||||
Income Generation Activities | 20.0% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 23.6% - 24.2% | 23.6% - 24.2% | 83 |
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