Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 1900-01-00
Data version: 3
Age of data: -   months 
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Product

Micro Consumer Loans Product 6 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 87,601,095
Portfolio (USD)USD 136,876.71
Active Clients with Loans255
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are offered to salaried workers, college students and household finance.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution30
# Regions for this product4
Regions ActiveGasabo, Kicukiro, Musanze, Nyarugenge

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 50,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00080%
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,0000
RWF 2,500,000-3,500,0005%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months5%
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months5%
Longer than 18 months50%
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 interest18.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan processing fees
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
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 forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Micro Consumer Loans samples
Sample 1Sample 2
Loan AmountRWF 420,000RWF 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2014-08-042014-08-26
Loan Term (Months)12.0 months7.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditRWF 51,468RWF 8,777
True Price by Comp   
Interest price component18.3%19.8%
Fee Component3.8%6.1%
Insurance Component0.0%0.0%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)22.1%25.9%
Transparency Index8169
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Micro Consumer Loans Price Graphs


Please note that the information you are viewing is 102 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Valiant Rural Bank (Iloilo City), Inc. 41-A Mabini StreetIloilo City, Iloilo/Region VI5000
Data approved: 2011-11-15
Data version: 1
Age of data: 102 months

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addressN/A
Year established1997
Head of InstitutionIAN ERIC S. PAMA
Regions active
# Branches3

Total Portfolio (nat'l)PhP 28,130,268
Total Portfolio (USD)USD 672,972.92
Active clients with loans1,772
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsRural Bankers Association of the Philippines (RBAP), Philippine Deposit Insurance Corporation (PDIC), Iloilo Federation of Rural Bankers
Funders

Loan Products » Summary

914 Borrowers
USD 343,132.15 Portfolio
Active Product
858 Borrowers
USD 329,840.79 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
BUGANA PHP 3,000 - 150,000 2 - 12 80% - 100% 0% - 20% Any Purpose Women, Men, Farmers with Multiple Sources of Income Credit Ins
LEADS ME PHP 5,000 - 150,000 2 - 6 80% - 100% 0% - 20% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
BUGANA 33.0% annual, Flat 1 Fee 1 Ins None 500.00 upfront 66.8% - 71.4% 70.6% - 75.4% 46
LEADS ME 36.0% annual, Flat 1 Fee 1 Ins None N/A 70.8% - 90.9% 81.8% - 149.9% 40
Institution Price Graph
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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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