Number borrowers | 2,357 |
Loan Amount (range) | RWF 600,000 - 10,000,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Tech Asst Visits, Business Training |
Annual Interest & Method | 15.00% annual, Flat |
Fees | 1.00% upfront |
Insurance | 0.04%-5.26% upfront |
Tax | 18.00% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 26.1% - 45.7% |
Fee Component | 1.1% - 4.1% |
Insurance Component | 0 - 0.4% |
Tax Component Range | 0.3% - 0.8% |
Full APR (int fee ins tax dep) | 27.9% - 28.9% |
Transparency Index (min/max) | 28 - 54 |
Transparency Index (average) | 52 |
Outstanding portfolio (RWF) | RWF 2,242,370,992 |
Portfolio (USD) | USD 3,503,704.68 |
Active Clients with Loans | 2,357 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 21 |
Regions Active | Burera, Gakenke, Gasabo, Gatsibo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngororero, Nyabihu, Nyagatare, Nyanza, Nyarugenge, Rubavu, Ruhango, Rulindo, Rusizi |
Outstanding portfolio (PKR) | PKR 77,819,418.35 |
Portfolio (USD) | USD 764,186.69 |
Active Clients with Loans | 370 |
Approximate % Female Clients | N/A |
Approximate % Urban Clients | N/A |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | Age bracket is 18 to 60 |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | N/A |
Regions Active |
Currency | RWF |
Minimum loan size | RWF 600,000 |
Maximum loan size | 10,000,000 |
Loans less than RWF 500,000 | 0 |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 15% |
RWF 2,500,000-3,500,000 | 15% |
RWF 3,500,000-4,500,000 | 15% |
Greater than RWF 4,500,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 40% |
Longer than 18 months | 60% |
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 |
Lowest quoted nominal interest | 1.25% |
Highest quoted nominal interest | 1.25% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0.04% |
% of loan amount - max | 5.26% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Depends on loan amount, repayment period & client age |
Appears on Repayment Sched? | No |
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? | Yes |
Percentage of fees | 18% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 1,000,000 | RWF 2,000,000 | RWF 3,500,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | ||
Disbursement Date | 2012-03-22 | 2012-04-25 | 2012-03-29 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 24.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
Total Cost of Credit | RWF 164,148.20 | RWF 480,609.20 | RWF 1,107,613.50 | ||
True Price by Comp | |||||
Interest price component | 26.2% | 26.4% | 26.1% | ||
Fee Component | 1.9% | 1.4% | 1.1% | ||
Insurance Component | 0.4% | 0.4% | 0.4% | ||
Tax Component | 0.4% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.9% | 28.5% | 27.9% | ||
Transparency Index | 52 | 53 | 54 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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