Number borrowers | 91 |
Loan Amount (range) | RWF 100,000 - 10,000,000 |
Loan Term (range) | 4 - 36 |
Other Services (text summary) | |
Annual Interest & Method | 15.00% annual, Flat |
Fees | |
Insurance | |
Tax | |
Comp Dep | |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 0 - 45.7% (Int+Fee) |
Insurance Component | 0 - 40.2% |
Tax Component Range | -40.2% - 1.3% |
Full APR (int fee ins tax dep) | 23.9% - 74.2% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) |
5,719 |
PHP 10,000 - 150,000 |
1 - 12 |
Business Training, Other Training, Tie-up with other agencies (DTI, TESDA) for trainings |
30.0% annual, Flat |
100.00 upfront 3.00%-4.00% ongoing |
1.50% upfront 20.00 ongoing |
None |
100.00 upfront 10.00% ongoing |
N/A |
66.1% - 74.4% (Int+Fee) |
5.1% - 72.3% |
0 - 1.2% |
79.2% - 103.5% |
17 - 38 |
34 |
Outstanding portfolio (RWF) | RWF 116,335,973 |
Portfolio (USD) | USD 197,180 |
Active Clients with Loans | 91 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PHP) | PHP 75,062,850 |
Portfolio (USD) | USD 1,795,761.96 |
Active Clients with Loans | 5,719 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | MABS Approach |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | x |
Other | Tie-up with other agencies (DTI, TESDA) for trainings |
Other (2) | |
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 | 18-65 years old |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 10,000,000 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 150,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Processing Fee + collateral visit | Commission Fee + internal guarantee | |
% of loan amount - min | 0 | 1.50% | |
% of loan amount - max | 0 | 1.50% | |
OR, Fixed amount - min | 15,000 | 0 | |
Fixed amount - max | 15,000 | 0 | |
Reason for variation | |||
Appears on Repayment Sched? | No | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Commission on Insurance | Credit life: depends on loan amount, term and age of borrower | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 1,000 | 60 | |
Fixed amount - max | 1,000 | 1,014,620 | |
Reason for variation | |||
Appears on Repayment Sched? |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 20.00% - N/A |
or, Fixed-amount deposited | 0 - N/A |
% loan amount deposited | 0 - N/A |
or, Fixed-amount deposited | 0 - N/A |
Conditions on access to deposit |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Notarial Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 3.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 4% if above 18 days |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Plan |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA (Microinsurance) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 200,000 | RWF 600,000 | RWF 960,000 | RWF 2,000,000 | RWF 2,400,000 | RWF 4,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-06-20 | 2012-10-11 | 2012-05-31 | 2012-04-30 | 2012-03-30 | 2012-06-13 | |||||
Loan Term (Months) | 12.0 months | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 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 | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 45.7% | 18.9% | 33.2% | 31.2% | 0.0% | 26.7% | |||||
Insurance Component | 2.2% | 0.6% | 1.0% | 0.6% | 31.0% | 1.1% | |||||
Tax Component | 0.4% | 0.3% | 0.4% | 0.4% | -31.0% | 0.3% | |||||
Deposit Component | 25.9% | 4.1% | 17.9% | 16.6% | 47.4% | 12.3% | |||||
Full APR (int fee ins tax dep) | 74.2% | 23.9% | 52.6% | 48.8% | 47.4% | 40.4% | |||||
Transparency Index | 20 | 63 | 29 | 31 | 32 | 37 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | PHP 120,000 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-04-20 | 2010-11-30 | 2011-07-06 | 2011-01-20 | 2010-12-15 | ||||
Loan Term (Months) | 5.6 months | 8.4 months | 11.2 months | 4.7 months | 11.2 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 | 74.4% | 71.0% | 66.3% | 68.4% | 66.1% | ||||
Insurance Component | 18.9% | 10.7% | 6.5% | 9.0% | 5.1% | ||||
Tax Component | 0.0% | 0.0% | 0.2% | 1.2% | 0.7% | ||||
Deposit Component | 10.2% | 8.6% | 7.5% | 7.0% | 7.3% | ||||
Full APR (int fee ins tax dep) | 103.5% | 90.3% | 80.5% | 85.6% | 79.2% | ||||
Transparency Index | 29 | 33 | 37 | 35 | 38 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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 |
---|---|---|---|---|---|---|---|
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By Country | ||||||
X Axis | ||||||
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