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Institution

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

Institution

GM Bank of Luzon, Inc. Brgy. Dimasalang, Maharlika HighwayCabanatuan City, Nueva Ecija3100
Data approved: 2011-11-16
Data version: 1
Age of data: 151 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2004
Head of InstitutionAnthony Nderitu
Regions active0
# Branches4

Total Portfolio (nat'l)RWF 1,255,802,510
Total Portfolio (USD)USD 2,128,478.83
Active clients with loans2,858
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsAssociation of Microfinance Institutions in Rwanda
FundersMicro africa Ltd, Ezra Bunyenyezi

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.gmbank.com.ph/
Year established2004
Head of InstitutionMr. Tomas S. Gomez, IV
Regions active
# Branches40

Total Portfolio (nat'l)PhP 110,367,523
Total Portfolio (USD)USD 2,640,371.36
Active clients with loans23,581
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations
Funders

Loan Products » Summary

1,305 Borrowers
USD 209,916 Portfolio
Active Product
626 Borrowers
USD 690,663 Portfolio
Active Product
927 Borrowers
USD 1,228,358 Portfolio
Active Product

Loan Products » Summary

3,251 Borrowers
USD 1,016.77 Portfolio
Active Product
19,431 Borrowers
USD 1,547,277.39 Portfolio
Active Product
872 Borrowers
USD 5,375.60 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan RWF 30,000 - 500,000 3 - 12 40% - 60% 40% - 60%
Salary Loan RWF 100,000 - 5,000,000 3 - 15 40% - 60% 80% - 100%
SME Loan RWF 1,000,000 - 7,500,000 3 - 15 40% - 60% 60% - 80%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
ASAP Loan Program PHP 5,000 - 150,000 3 - 6 60% - 80% 80% - 100% Business Women, Men, Have business, Have home or land, Specific age group Credit Educ
Asenso Loan PHP 3,000 - 50,000 6 60% - 80% 0% - 20% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins, Savings
Micro-Agri Loan Product PHP 8,000 - 80,000 6 - 12 20% - 40% 0% - 20% Business Women, Men, Have business, Have home or land, Specific age group Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 30.00% annual, Flat 1 Fee 0 Ins 58.4% - 61.4% 92.1% - 99.6%
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins N/A 55% - 71.5% 58.3% - 77.5%
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins 56% - 74.6% 87.8% - 118.1%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
ASAP Loan Program 30.0%-36.0% annual, Flat 2 Fees 1 Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 72% - 93.2% 91.4% - 120.1% 29
Asenso Loan 25.9% annual, Flat 2 Fees 2 Ins 5.00% loan amt 100.00 upfront 16.00% ongoing 75.5% - 100.5% 107% - 142.7% 21
Micro-Agri Loan Product 30.0% annual, Flat 2 Fees 1 Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 42.4% - 64.5% 56.6% - 85.8% 42

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 30.00% annual, Flat 1 Fee 0 Ins Ins 58.4% - 61.4% 92.1% - 99.6%
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins Ins N/A 55% - 71.5% 58.3% - 77.5%
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins Ins 56% - 74.6% 87.8% - 118.1%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
ASAP Loan Program 30.0%-36.0% annual, Flat 2 Fees 1 Ins Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 72% - 93.2% 91.4% - 120.1% 29
Asenso Loan 25.9% annual, Flat 2 Fees 2 Ins Ins 5.00% loan amt 100.00 upfront 16.00% ongoing 75.5% - 100.5% 107% - 142.7% 21
Micro-Agri Loan Product 30.0% annual, Flat 2 Fees 1 Ins Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 42.4% - 64.5% 56.6% - 85.8% 42
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