| Outstanding portfolio (USD) | USD 13,178,320 |
| Portfolio (USD) | USD 13,178,320 |
| Active Clients with Loans | 6,041 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Capacitación en temas de salud, negocios y otros en procura de mejorar la calidad de vida |
| Other (2) | Microseguros sin costo para los clientes (costo es asumido por CRECER) |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | No deben tener deuda en mora en el sistema financiero (Consulta Central de Riesgos) |
| Other (2) | Experiencia mínima de 1 año en la actividad a financiar y 6 meses de funcionamiento del negocio |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 10,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 60.0 months |
| Approx average | 24.0 months |
| Grace period usage | 0 |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 500 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-08-09 | 2011-09-04 | 2011-09-11 | 2011-09-17 | 2011-09-04 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 24.0 months | 36.0 months | 48.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 23.1% | 25.1% | 24.5% | 22.1% | 20.4% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 23.1% | 25.1% | 24.5% | 22.1% | 20.4% | ||||
| Transparency Index | 78 | 72 | 74 | 81 | 88 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2007 |
| Head of Institution | Jean Louis Musoni |
| Regions active | Gasabo, Kicukiro, Nyarugenge |
| # Branches | 3 |
| Total Portfolio (nat'l) | RWF 518,625,185 |
| Total Portfolio (USD) | USD 823,214.58 |
| Active clients with loans | 511 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | AMIR |
| Funders | Youth Ministry, National Youth Council, Districts |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Autres Loan | RWF 50,000 - 3,000,000 | 3 - 24 | 0% - 20% | 40% - 60% | Consumer, Education, Other | Women, Men | Credit Educ | |||||||
| Trade Loan | RWF 300,000 - 5,000,000 | 1 - 24 | 0% - 20% | 60% - 80% | Business | Women, Men, Have business, other cooperative, SME's | Credit Educ, Business Training | |||||||
| Transport Loan | RWF 500,000 - 5,000,000 | 12 - 36 | 0% - 20% | 40% - 60% | Business | Women, Men | Credit Educ | |||||||
| Salary Advance Loan | RWF 50,000 - 3,000,000 | 3 - 24 | 0% - 20% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Autres Loan | 48.00% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 26.3% - 76.1% | 26.3% - 76.1% | 88 | ||||||||
| Trade Loan | 18.00%-36.00% annual, Decl Bal | 2 Fees | 1 Ins | None | 25.00% upfront | 26.4% - 31.4% | 44.8% - 54.5% | 37 | ||||||||
| Transport Loan | 16.00%-18.00% annual, Decl Bal | 2 Fees | 0 Ins | None | 25.00% upfront | 24.5% - 29.1% | 38.9% - 48.6% | 38 | ||||||||
| Salary Advance Loan | 15.00%-24.00% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 15.9% - 28.2% | 15.9% - 28.2% | 61 |
| 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 |
|---|---|---|---|---|---|---|---|
