UNION OF SAVINGS AND CREDIT COOPERATIVES (UCU) - Decouvert (One Month) Loan - MFTransparency.org Truth In Lending Tables

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Institution

UNION OF SAVINGS AND CREDIT COOPERATIVES (UCU) KIGALINYARUGENGENYAMIRAMBO, RWANDA2998 KIGALI

Data approved: 2011-10-26

Data version: 1

Age of data: - months

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Product

Decouvert (One Month) Loan Product 3 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 28,836,173
Portfolio (USD)	USD 48,875
Active Clients with Loans	52
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Short term loan for business owners which must be paid once. The loan term is one month or less.\r

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 500,000
Maximum loan size	1,500,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	1.0 month
Approx average	1.0 month

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

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
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	8.00%
Highest quoted nominal interest	8.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Decouvert (One Month) Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	RWF 300,000	RWF 500,000	RWF 1,000,000	RWF 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-09-18	2012-09-01	2012-09-10	2012-09-08
Loan Term (Months)	1.0 month	1.0 month	1.0 month	1.0 month
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	94.1%	97.4%	94.1%	94.1%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	94.1%	97.4%	94.1%	94.1%
Transparency Index	100	99	100	100

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

Decouvert (One Month) 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

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Total Borrrowers of Samples


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