| Number borrowers | 1,331 |
| Loan Amount (range) | RWF 250,000 - 60,000,000 |
| Loan Term (range) | 8 - 60 |
| Other Services (text summary) | Business Training |
| Annual Interest & Method | 10.0%-20.0% annual, Decl Bal |
| Fees | 1.00%-2.00% upfront |
| Insurance | 1.00% upfront |
| Tax | 18.00% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 18.3% - 49.1% |
| Fee Component | 1.5% - 8.1% |
| Insurance Component | 0 - 1.1% |
| Tax Component Range | 0 - 1.6% |
| Full APR (int fee ins tax dep) | 22.1% - 24.5% |
| Transparency Index (min/max) | 30 - 81 |
| Transparency Index (average) | 43 |
| 458 |
| USD 1,001 - 15,000 |
| 60 |
| Credit Educ, Credit Ins, Tech Asst Visits |
| 16.0% annual, Decl Bal |
| 6.00% ongoing |
| None |
| 3.00 fixed |
| 10.0% upfront |
| N/A |
| 16.9% - 17.0% (Int+Fee) |
| 0 - 0.8% |
| 0.3% - 6.6% |
| 17.3% - 17.4% |
| 58 - 92 |
| 92 |
| Outstanding portfolio (RWF) | RWF 3,170,097,119 |
| Portfolio (USD) | USD 4,953,276.75 |
| Active Clients with Loans | 1,331 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | 30 |
| # Regions for this product | 15 |
| Regions Active | Bugesera, Gasabo, Gicumbi, Huye, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Nyabihu, Nyanza, Nyarugenge, Rubavu, Ruhango, Rwamagana |
| Outstanding portfolio (USD) | USD 3,464,515 |
| Portfolio (USD) | USD 3,464,515 |
| Active Clients with Loans | 458 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | RWF |
| Minimum loan size | RWF 250,000 |
| Maximum loan size | 60,000,000 |
| Loans less than RWF 500,000 | 5% |
| RWF 500,000-1,500,000 | 15% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 10% |
| RWF 3,500,000-4,500,000 | 5% |
| Greater than RWF 4,500,000 | 5% |
| Shortest loan term | 8.0 months |
| Longest loan term | 60.0 months |
| Approx average | 13.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 50% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 1,001 |
| Maximum loan size | 15,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 60.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 10.00% |
| Highest quoted nominal interest | 20.00% |
| Reason(s) why interest rate varies | Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Excluding VAT |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Life and Fire Insurance Fees |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Loans <10M pay 1%, loans >10M pay matrix fee |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 18% |
| All or some fees taxed | All |
| Lowest quoted nominal interest | 16.00% |
| Highest quoted nominal interest | 16.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Vida |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | RWF 5,000,000 | RWF 15,000,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2014-08-04 | 2014-08-28 | |
| Loan Term (Months) | 24.0 months | 37.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | RWF 1,343,277 | RWF 5,535,081 | |
| True Price by Comp | |||
| Interest price component | 20.8% | 19.8% | |
| Fee Component | 2.1% | 1.5% | |
| Insurance Component | 1.1% | 0.4% | |
| Tax Component | 0.5% | 0.4% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 24.5% | 22.1% | |
| Transparency Index | 41 | 45 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 12,000 | USD 15,000 | USD 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-09-21 | 2010-08-12 | 2010-09-21 | ||
| Loan Term (Months) | 60.0 months | 60.0 months | 60.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 16.9% | 17.0% | 16.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.5% | 0.4% | 0.4% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 17.4% | 17.4% | 17.3% | ||
| Transparency Index | 92 | 92 | 92 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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