Rushere Cooperative Savings and Credit Society Ltd - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rushere Cooperative Savings and Credit Society Ltd Rushere Town BoardNyabushoziKiruhura, Western UgandaPO Box 9

Data approved: 2012-09-14

Data version: 2

Age of data: 144 months

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Institution Details

Institution Type	Credit Union / Cooperative
Is this institution regulated?	No
Website address	N/A
Year established	2001
Head of Institution	Byaruhanga Francis
Regions active	Western
# Branches	5

Total Portfolio (nat'l)	UGX 1,436,372,327
Total Portfolio (USD)	USD 574,548.93
Active clients with loans	983
Approximate % female clients	20% - 40%
Approximate % urban clients	0% - 20%
Network affiliations	AMFIU, Uganda Cooperative Savings and Credit Society, Uganda Cooperative Alliance, The Microfinance Support Centre
Funders

Loan Products » Summary

Agriculture

963 Borrowers

USD 574,549 Portfolio

Active Product

Business

20 Borrowers

USD 12,000 Portfolio

Low Volume Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Agriculture Loan		UGX 500,000 - 30,000,000		6 - 12		20% - 40%		0% - 20%		Business, Improvement on family's welfare, social and economic status.		Women, Men, Have home or land, Small group of about 5 members		Credit Educ, Credit Ins, Tech Asst Visits, Post disbursement monitoring

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Agriculture Loan		36.00% annual, Decl Bal		2 Fees		1 Ins		None		N/A		35% - 38.8%		37.4% - 41.7%		93

Institution Price Graph

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Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Union of Savings and Credit Cooperatives (UCU) NyarugengeNyamiramboKigaliPO Box 2998

Data approved: 2012-10-29

Data version: 2

Age of data: 143 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 219,000,000
Portfolio (USD)	USD 365,000
Active Clients with Loans	521
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

These are small loans to finance either businesses, agriculture, livestock, etc.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	10
# Regions for this product	10
Regions Active	Gakenke, Gasabo, Kicukiro, Musanze, Ngororero, Nyabihu, Nyamagabe, Nyanza, Nyarugenge, Ruhango

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 50,000
Maximum loan size	1,999,999

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	30%
RWF 500,000-1,500,000	30%
RWF 1,500,000-2,500,000	40%
RWF 2,500,000-3,500,000	0
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	8.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	20%
Between 10 and 12 months	60%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
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	22.80%
Highest quoted nominal interest	22.80%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

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?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	10.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	18%
All or some fees taxed

Additional Comments

1st cycle compulsory deposit is 15%, remaining cycles is 10%. APR calculations have used insurance rates applicable to a 30 year old client

Full Pricing Data

Microloan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	RWF 100,000	RWF 250,000	RWF 500,000	RWF 1,000,000	RWF 1,900,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-09-25	2012-09-25	2012-09-25	2012-09-25	2012-09-25
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	1.0 month	1.0 month	1.0 month	1.0 month	0.0 months
Total Cost of Credit	RWF 24,337.50	RWF 60,843.85	RWF 121,687.70	RWF 243,375.40	RWF 462,413.26
True Price by Comp
Interest price component	39.2%	39.2%	39.1%	39.1%	39.2%
Fee Component	2.0%	2.0%	2.0%	2.0%	2.0%
Insurance Component	0.6%	0.6%	0.6%	0.6%	0.6%
Tax Component	0.5%	0.5%	0.5%	0.5%	0.5%
Deposit Component	13.5%	8.2%	8.1%	8.1%	8.2%
Full APR (int fee ins tax dep)	55.7%	50.4%	50.2%	50.2%	50.4%
Transparency Index	0	0	0	0	0

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

Microloan 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

	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
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	Less or equal to:
	From 0 to
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

Additional Comments

Full Pricing Data

Microloan samples

Microloan Price Graphs

Total Borrowers of Samples

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