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Institution

Bonzali Rural Bank KumbunguNorthern RegionPO Box 1197
Data approved: 2011-12-07
Data version: 1
Age of data: 101 months

Institution

Zigama Credit and Savings Society Head OfficeKigali, GasaboPO Box BP4772
Data approved: 2011-09-16
Data version: 1
Age of data: 104 months

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addressN/A
Year established1990
Head of InstitutionMike D Tizaayel
Regions active
# Branches6

Total Portfolio (nat'l)GHS 3,838,180
Total Portfolio (USD)USD 1,948,314.72
Active clients with loans9,508
Approximate % female clients60% - 80%
Approximate % urban clients40% - 60%
Network affiliationsGHAMFIN, ARB
FundersTrias Ghana, Speed Ghana, Action Aid

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.zigamacss.com/
Year established1998
Head of InstitutionGeoffrey Byegeka
Regions activeBugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge
# Branches16

Total Portfolio (nat'l)RWF 38,189,281,936
Total Portfolio (USD)USD 59,670,753.03
Active clients with loans53,806
Approximate % female clients0% - 20%
Approximate % urban clients0% - 20%
Network affiliationsRwanda Banking Association
Funders

Loan Products » Summary

500 Borrowers
USD 77,932.49 Portfolio
Active Product
8,500 Borrowers
USD 1,068,071.07 Portfolio
Active Product
400 Borrowers
USD 389,662.94 Portfolio
Active Product
1,000 Borrowers
USD 155,864.97 Portfolio
Active Product

Loan Products » Summary

13,750 Borrowers
USD 15,625,000 Portfolio
Active Product
38,500 Borrowers
USD 43,750,000 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan GHS 200 - 2,000 4 - 8 0% - 20% 0% - 20% Agriculture Women, Men Credit Educ, Group Mtgs, Business Training
Bonzali Microfinance Loan GHS 200 - 3,000 4 - 12 60% - 80% 0% - 20% Any Purpose Women, Men Credit Educ, Group Mtgs, Business Training
Commercial Loan GHS 500 - 3,000 6 - 12 80% - 100% 40% - 60% Business Women, Men, Have business Business Training
Personal and Salary Loan GHS 100 - 2,000 6 - 12 40% - 60% 60% - 80% Any Purpose Women, Men, Have business

Loan Products » Conditions

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 30.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 88.2% 102.4% 29
Bonzali Microfinance Loan 30.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 80.1% - 81.3% 96.5% - 100.8% 30
Commercial Loan 30.00% annual, Flat 1 Fee 0 Ins None 10.00 upfront 68.4% - 206.6% 69.7% - 212.3% 25
Personal and Salary Loan 30.00% annual, Flat 1 Fee 0 Ins None N/A 58.6% - 62.1% 58.6% - 62.1% 50

Loan Products » Pricing Information

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None 10.00% upfront 88.2% 102.4% 29
Bonzali Microfinance Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None 10.00% upfront 80.1% - 81.3% 96.5% - 100.8% 30
Commercial Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None 10.00 upfront 68.4% - 206.6% 69.7% - 212.3% 25
Personal and Salary Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None N/A 58.6% - 62.1% 58.6% - 62.1% 50

Loan Products » Pricing Information

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 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 Ins None 30.00% upfront 14.2% - 39.9% 24.7% - 57.5% 41
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