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Institution

Goshen Finance S.A NyarugengeKigaliPO Box 4787
Data approved: 2011-09-16
Data version: 1
Age of data: 100 months

Institution

Simbag sa Pag-Asenso, Inc. 3/F SAC Building, Cathedral CompoundAlbay DistrictLegazpi City4500
Data approved: 2011-11-15
Data version: 1
Age of data: 98 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2006
Head of InstitutionMunyankumburwa Samuel
Regions activeBugesera, Burera, Gasabo, Gatsibo, Gicumbi, KamonyiKayonza, Kicukiro, Muhanga, Musanze, Nyagatare, Nyanza, Nyarugenge
# Branches4

Total Portfolio (nat'l)RWF 2,378,245,166
Total Portfolio (USD)USD 3,716,008.07
Active clients with loans2,076
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAMIR
FundersBanqu Nationale Du Rwanda, Banque Rwandaise De Development

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.simbag.org/
Year established1994
Head of InstitutionRemegia L. Balucio
Regions active
# Branches18

Total Portfolio (nat'l)PhP 205,575,411
Total Portfolio (USD)USD 4,918,072.03
Active clients with loans26,942
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsPeople's Credit and Fiannce Corporation
FundersManos Unidas

Loan Products » Summary

444 Borrowers
USD 658,224.40 Portfolio
Active Product
1,127 Borrowers
USD 1,022,369.35 Portfolio
Active Product
331 Borrowers
USD 1,215,800.97 Portfolio
Active Product
119 Borrowers
USD 623,003.02 Portfolio
Active Product
55 Borrowers
USD 196,610.34 Portfolio
Active Product

Loan Products » Summary

4,828 Borrowers
USD 505,519.88 Portfolio
Active Product
21,517 Borrowers
USD 3,358,047.61 Portfolio
Active Product
722 Borrowers
USD 50,541.96 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agri-Elevage Loan RWF 1,000,000 - 15,000,000 6 - 36 0% - 20% 0% - 20% Business Women, Men Credit Ins, Tech Asst Visits, Business Training
Autres Credits RWF 100,000 - 10,000,000 1 - 24 0% - 20% 40% - 60% Consumer, Education, Other Women, Men Business Training, Other Training
Commerce Loan RWF 500,000 - 30,000,000 6 - 36 20% - 40% 80% - 100% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training
Construction Loan RWF 500,000 - 30,000,000 12 - 60 20% - 40% 60% - 80% Business, Housing, Consumer Women, Men, Have business Credit Educ, Credit Ins, Business Training
Equipement pour le Transport Loan RWF 1,000,000 - 10,000,000 12 - 36 0% - 20% 60% - 80% Business, Consumer Women, Men, Have business Credit Ins, Business Training, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Balay Asenso PHP 1,000 - 20,000 5 - 10 80% - 100% 20% - 40% Housing Women, Men, Have business, Have home or land, Member for > 6 months, At least on the 2nd cycle of regular loan Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Productive Loan PHP 1,000 - 150,000 2 - 10 80% - 100% 20% - 40% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Advocacy & scholarship program; Social Services, Spiritual & Formation Activities, Enterprise Development & Services, Calamity Relief Assistance
Sagip Asenso PHP 1,000 - 10,000 5 80% - 100% 20% - 40% Business Women, Men, Have business, Member for > 6 months, At least on the 2nd cycle of regular loan Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agri-Elevage Loan 16.00% annual, Decl Bal 1 Fee 1 Ins None N/A 14.1% - 56% 14.7% - 57.3% 58
Autres Credits 16.00% annual, Decl Bal 1 Fee 1 Ins None N/A 15.4% - 72% 16.1% - 72% 45
Commerce Loan 16.00% annual, Decl Bal 1 Fee 1 Ins None N/A 15.1% - 20% 18.7% - 49.9% 61
Construction Loan 16.00% annual, Decl Bal 1 Fee 1 Ins None N/A 16.9% - 18.1% 16.9% - 19% 88
Equipement pour le Transport Loan 16.00% annual, Decl Bal 1 Fee 1 Ins None N/A 17.5% - 18.8% 18.6% - 19.4% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Balay Asenso 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 57.4% - 71.3% 69.8% - 94.1% 29
Productive Loan 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 57.4% - 67.6% 75.4% - 163.5% 25
Sagip Asenso 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 64.1% - 72.7% 82.2% - 96% 28

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agri-Elevage Loan 16.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 14.1% - 56% 14.7% - 57.3% 58
Autres Credits 16.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 15.4% - 72% 16.1% - 72% 45
Commerce Loan 16.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 15.1% - 20% 18.7% - 49.9% 61
Construction Loan 16.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 16.9% - 18.1% 16.9% - 19% 88
Equipement pour le Transport Loan 16.00% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 17.5% - 18.8% 18.6% - 19.4% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Balay Asenso 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 57.4% - 71.3% 69.8% - 94.1% 29
Productive Loan 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 57.4% - 67.6% 75.4% - 163.5% 25
Sagip Asenso 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 64.1% - 72.7% 82.2% - 96% 28
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