Outstanding portfolio (UGX) | UGX 5,240,953,615 |
Portfolio (USD) | USD 2,075,625.19 |
Active Clients with Loans | 2,474 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Loan guarantee up to 50% by agribusiness initiative |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Individual farmers & farmers in cooperatives |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Northern, Western, Southern |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 60,000,000 |
Loans less than UGX 1,000,000 | 15% |
UGX 1,000,000-5,000,000 | 15% |
UGX 5,000,000-7,500,000 | 15% |
UGX 7,500,000-10,000,000 | 15% |
UGX 10,000,000-13,000,000 | 15% |
Greater than UGX 13,000,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 15% |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 100% |
Average grace period | 6.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 42.00% |
Highest quoted nominal interest | 68.80% |
Reason(s) why interest rate varies | Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Monitoring & Commission Fee | |
% of loan amount - min | 1.00% | 3.00% | |
% of loan amount - max | 1.00% | 3.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | Monitoring Fee 1%, Commission Fee 2% | |
Appears on Repayment Sched? | No | No |
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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
UGX 2,250,000 | Generated | 2015-02-01 | 18.0 months | N/A | UGX 1,593,206.36 | 71.5% | 65.8% | 5.7% | 0.0% | 0.0% | 0.0% | 59 | - | |
UGX 2,587,500 | Generated | 2015-02-01 | 24.1 months | N/A | UGX 1,927,877.66 | 59.7% | 55.0% | 4.7% | 0.0% | 0.0% | 0.0% | 70 | - | |
UGX 4,500,000 | Generated | 2015-02-01 | 17.8 months | N/A | UGX 3,277,336.20 | 62.8% | 58.1% | 4.7% | 0.0% | 0.0% | 0.0% | 67 | - | |
UGX 5,175,000 | Generated | 2015-02-01 | 24.1 months | N/A | UGX 4,345,036.60 | 64.3% | 59.7% | 4.6% | 0.0% | 0.0% | 0.0% | 65 | - | |
UGX 7,500,000 | Generated | 2015-02-01 | 16.8 months | N/A | UGX 4,672,183.58 | 59.9% | 54.8% | 5.1% | 0.0% | 0.0% | 0.0% | 70 | - | |
UGX 8,625,000 | Generated | 2015-02-01 | 21.7 months | N/A | UGX 6,567,754.94 | 60.1% | 55.6% | 4.5% | 0.0% | 0.0% | 0.0% | 70 | - | |
UGX 10,500,000 | Generated | 2015-02-01 | 18.0 months | N/A | UGX 6,902,499.89 | 67.0% | 61.4% | 5.6% | 0.0% | 0.0% | 0.0% | 63 | - | |
UGX 12,075,000 | Generated | 2015-02-01 | 24.1 months | N/A | UGX 10,313,009.01 | 65.3% | 60.7% | 4.6% | 0.0% | 0.0% | 0.0% | 64 | - |
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://www.zigamacss.com/ |
Year established | 1998 |
Head of Institution | Geoffrey Byegeka |
Regions active | Bugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge |
# Branches | 16 |
Total Portfolio (nat'l) | RWF 38,189,281,936 |
Total Portfolio (USD) | USD 59,670,753.03 |
Active clients with loans | 53,806 |
Approximate % female clients | 0% - 20% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Rwanda Banking Association |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Medium Term Loan | RWF 1,000,000 - 50,000,000 | 36 - 60 | 0% - 20% | 0% - 20% | Any Purpose | Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups | Credit Educ | |||||||
Short Term Loan | RWF 100,000 - 5,000,000 | 3 - 36 | 0% - 20% | 0% - 20% | Business, Consumer, Education, Other, Medicals bills, Insurance, Marriage | Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups | Credit Educ |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Medium Term Loan | 13.00%-13.50% annual, Decl Bal | 2 Fees | 0 Ins | None | 10.00% upfront | 13.1% - 14.4% | 15.6% - 17.3% | 78 | ||||||||
Short Term Loan | 15.00% annual, Decl Bal | 2 Fees | 0 Ins | None | 30.00% upfront | 14.2% - 39.9% | 24.7% - 57.5% | 41 |
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 |
---|---|---|---|---|---|---|---|
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 ∞ |