Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 135 months

Institution

Rwanda Microfinance Limited P. O. Box 6839 Kigali RwandaKigali250
Data approved: 2011-10-26
Data version: 1
Age of data: -   months 

Product

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Product

Group Loan Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers3,231
Loan Amount (range)RWF 30,000 - 1,000,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method48.00% annual, Decl Bal
Fees3.00% upfront
Insurance1.00% upfront
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component47.0% - 58.6%
Fee Component5.6% - 10.6%
Insurance Component2.1% - 4.7%
Tax Component Range0
Full APR (int fee ins tax dep)72.5% - 78.4%
Transparency Index (min/max)47 - 87
Transparency Index (average)63

Product Summary

1,305
RWF 30,000 - 500,000
3 - 12
30.00% annual, Flat
 
N/A
58.4% - 61.4% (Int+Fee)
3.0% - 6.0%
0
92.1% - 99.6%
30 - 82

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 497,144,321
Portfolio (USD)USD 776,788
Active Clients with Loans3,231
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan is granted to individual micro-entrepreneurs in groups of between 7 and 30.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
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 institution3
# Regions for this product3
Regions ActiveMuhanga, Musanze, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 123,850,268.90
Portfolio (USD)USD 209,916
Active Clients with Loans1,305
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan is granted to individual micro-entrepreneurs in groups of between 7 and 30. Loan amounts range from RWF 30,000 to RWF 500,000 for upto 12 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 30,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00050%
RWF 500,000-1,500,00050%
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months50%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
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

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 30,000
Maximum loan size500,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
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 interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAdministration Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
DescriptionCredit Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationCovers loss of life and permanent total disability
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAdministration Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCovers loss of life and permanent total disability
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 200,000RWF 250,000RWF 480,000RWF 960,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-042012-08-232012-08-282012-02-29
Loan Term (Months)9.0 months6.0 months10.0 months12.0 months
Grace Period (Months)-0.1 months0.1 months0.0 months0.0 months
Total Cost of CreditRWF 55,634.05RWF 50,817.58RWF 145,818.36RWF 341,754.49
True Price by Comp       
Interest price component53.5%51.8%52.7%52.8%
Fee Component7.9%10.6%7.1%6.2%
Insurance Component2.7%3.7%2.5%2.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.2%12.3%11.7%11.4%
Full APR (int fee ins tax dep)76.3%78.4%74.0%72.5%
Transparency Index63616566
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountRWF 100,000RWF 200,000RWF 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-09-042012-08-232012-08-28
Loan Term (Months)6.0 months9.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component61.4%58.4%58.4%
Insurance Component5.9%4.1%4.1%
Tax Component0.0%0.0%0.0%
Deposit Component32.3%29.5%29.5%
Full APR (int fee ins tax dep)99.6%92.1%92.1%
Transparency Index303333
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Group Loan Price Graphs


Group Loan Price Graphs


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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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