Union des CLECAM Wisigara - Agriculture Loan - MFTransparency.org Truth In Lending Tables

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Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588

Data approved: 2012-11-07

Data version: 2

Age of data: 136 months

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Product

Agriculture Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 338,744,076
Portfolio (USD)	USD 529,287.62
Active Clients with Loans	1,039
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

A product focusing on farmers to increase the yield of the crops and technology, agrichain, processing, etc.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
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 institution	6
# Regions for this product	7
Regions Active	Burera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 20,000
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	50%
RWF 500,000-1,500,000	50%
RWF 1,500,000-2,500,000	0
RWF 2,500,000-3,500,000	0
RWF 3,500,000-4,500,000	0
Greater than RWF 4,500,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	20%
Between 10 and 12 months	40%
Between 13 and 18 months	20%
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.00%
Highest quoted nominal interest	2.00%
Reason(s) why interest rate varies	Branch, Time as Client, Loan Size
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Commission	Paper Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	1,500
Fixed amount - max	0	1,500
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0.08%
% of loan amount - max	4.28%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Depends on client age & loan term
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Agriculture Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	RWF 100,000	RWF 250,000	RWF 500,000	RWF 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-03-05	2012-10-19	2012-08-22	2012-08-06
Loan Term (Months)	12.0 months	12.0 months	12.0 months	24.0 months
Grace Period (Months)	3.1 months	3.1 months	3.1 months	3.1 months
Total Cost of Credit	RWF 18,725	RWF 44,562.50	RWF 87,625	RWF 228,500
True Price by Comp
Interest price component	23.2%	23.3%	23.3%	17.6%
Fee Component	6.1%	4.5%	3.9%	2.1%
Insurance Component	0.3%	0.4%	0.4%	0.5%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	12.8%	12.2%	11.9%	9.7%
Full APR (int fee ins tax dep)	42.4%	40.4%	39.5%	29.9%
Transparency Index	57	59	61	80

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Agriculture Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	150
Ahantaman RB	23,800	9,896,000	4	132
APED	13,700	1,876,000	2	132
ASA Initiative	4,400	577,000	4	132
ASA-Ghana	71,600	18,385,000	2	132
ASPI	800	88,000	6	132
Atwima Kwanwoma	3,800	1,788,000	2	132
Baobab	5,100	967,000	2	132
BestFUND	13,000	4,172,000	3	132
Bonzali Rural	10,400	1,691,000	4	150
CashPhase	83	135,000	2	132
CASUD	1,100	524,000	1	132
CEDEF	500	54,000	4	132
CFF	100	13,000	1	132
CRAN	3,600	1,019,000	2	132
DQF	1,700	63,000	2	132
EASL	9,200	11,409,000	6	132
East Mamprusi	12,500	2,268,000	4	132
ELDA	0	0	0	132
EMPRETEC Ghana	200	56,000	2	132
FASL	13,500	14,047,000	8	132
Grameen Ghana	9,500	507,000	3	132
ID-Ghana	5,600	953,000	3	132
Innovative Finance	2,700	354,000	3	132
Kraban Support	7,700	781,000	5	150
KRB	4,000	6,350,000	3	132
Lower Pra RB	34,000	6,316,000	3	150
Maata-N-Tudu	12,000	941,000	4	132
Mail Finance	300	288,000	1	132
Markaz	0	0	0	132
Markaz Al Bishara	100	17,000	1	132
MicrofinPlus Gh	1,100	251,000	2	132
Nwabiagya RB	4,000	2,265,000	3	132
OISL	62,000	27,232,000	9	132
Pro Credit	0	0	0	132
Rich Step	100	101,000	1	132
SAT	147,600	29,359,000	4	132
Sekam Trust	600	137,000	2	132
Simli Pong	8,900	463,000	3	150
SS Ghana	200	35,000	1	132
TCCU	100	32,000	3	132
The Bridge	400	32,000	3	150
Union RB	3,800	2,361,000	4	132

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Agriculture Loan samples

Agriculture Loan Price Graphs

Total Borrowers of Samples

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