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Institution

Duterimbere - IMF Head OfficeKigaliPO Box 6719
Data approved: 2012-09-27
Data version: 2
Age of data: 90 months

Product

Credit Femme Entrepreneur Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 2,242,370,992
Portfolio (USD)USD 3,503,704.68
Active Clients with Loans2,357
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Ce sont des credits individuels accordes principalement aux femmes entrepreneurs dont leurs besoins en fonds de roulement ont depasse les montants octroyes aux groupes solidaire
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution18
# Regions for this product21
Regions ActiveBurera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 600,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months40%
Longer than 18 months60%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.25%
Highest quoted nominal interest1.25%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0.04%
% of loan amount - max5.26%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on loan amount, repayment period & client age
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedSome
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client

Full Pricing Data

Credit Femme Entrepreneur Loan samples
Sample 1Sample 2Sample 3
Loan AmountRWF 1,000,000RWF 2,000,000RWF 3,500,000
Loan Cycle (1, 2, 3, etc)124
Disbursement Date2012-03-222012-04-252012-03-29
Loan Term (Months)12.0 months18.0 months24.0 months
Grace Period (Months)1.0 month1.0 month1.0 month
Total Cost of CreditRWF 164,148.20RWF 480,609.20RWF 1,107,613.50
True Price by Comp     
Interest price component26.2%26.4%26.1%
Fee Component1.9%1.4%1.1%
Insurance Component0.4%0.4%0.4%
Tax Component0.4%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.9%28.5%27.9%
Transparency Index525354
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credit Femme Entrepreneur Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001117
CEPESIU2,000939,0004117
COAC 4 Octubre2,2005,771,0002117
COAC Ambato1,30016,415,0002117
COAC FondVida2,5004,200,0004117
COAC LaBenefica2,5008,482,0006117
COAC MCCH5,30010,020,0002117
COAC Nacional30,70027,129,0002117
COAC San José10,40029,133,0005117
COAC SanAntonio1,0002,384,0003117
COAC SantaAnita2,0002,532,0006117
Codesarrollo14,40040,328,0007117
Coop San Miguel1,8004,754,0005114
CooP VPR7001,052,0004117
Cooprogreso7,90032,244,0004117
Credi Fe100,900380,039,0004117
D^Miro36,90027,692,0009110
DECOF2,200705,0002117
Espoir62,10021,036,0005117
FODEMI28,20012,924,0003117
Fundacion Alternativa4,3005,545,0002117
FUNDAMIC2,0001,468,0002117
INSOTEC7,0006,047,0004117
Luz del Valle6,40011,300,0003117
ProCredit43,800211,941,0002117
PS Ambato5,6002,771,0001117
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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