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Institution
Data approved: 2011-09-16
Data version: 1
Age of data: - months
Key Statistics
| Outstanding portfolio (RWF) | RWF 105,734,088 |
| Portfolio (USD) | USD 179,210 |
| Active Clients with Loans | 224 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Beneficiaires: Groupe de 4 ?? 8 Femmes ?? faible revenue. Garantie:caution solidaire.Taux: 2% par mois.\r
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Groupe de femmes |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | RWF |
| Minimum loan size | RWF 300,000 |
| Maximum loan size | 2,400,000 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
Distribution at Disbursement (Est.)
| 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
| Grace period usage | 100% |
| Average grace period | 0.3 months |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | COMMISSION SUR CREDIT |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 | | Ins 2 |
|---|
| Description | Commission on insurance | | Assurance vie - depends on loan amount, term and age |
| % of loan amount - min | 0 | | 1.00% |
| % of loan amount - max | 0 | | 10.00% |
| OR, Fixed amount - min | 1,000 | | 0 |
| Fixed amount - max | 1,000 | | 0 |
| Reason for variation | | | |
| Appears on Repayment Sched? | | | |
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? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
Deposits DURING period payments
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 - N/A |
| Conditions on access to deposit | |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
Additional Comments
During the loan term the borrower must save a total of 1% of the loan amount, divided equally between each payment period.\r
Full Pricing Data
Credit Group D'Epargne Et Credit samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | RWF 75,000 | | RWF 100,000 | | RWF 200,000 | | RWF 250,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2012-09-10 | | 2012-09-18 | | 2012-03-28 | | 2012-10-17 |
| Loan Term (Months) | 3.7 months | | 5.6 months | | 7.5 months | | 7.5 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 30.3% | | 28.4% | | 27.3% | | 14.1% |
| Insurance Component | 4.7% | | 2.8% | | 1.7% | | 0.8% |
| Tax Component | 11.7% | | 0.8% | | 0.6% | | 0.3% |
| Deposit Component | 38.1% | | 26.3% | | 24.0% | | 12.7% |
| Full APR (int fee ins tax dep) | 84.8% | | 58.2% | | 53.6% | | 27.9% |
| Transparency Index | 28 | | 41 | | 45 | | 86 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Credit Group D'Epargne Et Credit Price Graphs
