Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.uob.rw/ |
Year established | 1997 |
Head of Institution | Jeffrey J. Lee |
Regions active | 0 |
# Branches | 36 |
Total Portfolio (nat'l) | RWF 6,225,428,134 |
Total Portfolio (USD) | USD 10,551,573.11 |
Active clients with loans | 32,690 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Opportunity International, Hope International, World Relief |
Funders | MasterCard Foundation, Gates Foundation, Credit Suisse, European Union |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Advanced Community Banking | RWF 250,000 - 1,500,000 | 4 - 12 | 80% - 100% | 40% - 60% | Business, Other | Women, Men, Have business | Credit Educ, Business Training | |||||||
Community Banking | RWF 30,000 - 1,200,000 | 4 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training | |||||||
Micro Individual/Business Loan | RWF 500,000 - 10,000,000 | 4 - 60 | 40% - 60% | 80% - 100% | Business, Consumer | Women, Men | ||||||||
New Solidarity Group | RWF 250,000 - 5,000,000 | 4 - 24 | 60% - 80% | 80% - 100% | Business, Consumer, Other | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Advanced Community Banking | 24.0%-30.0% annual, Flat | 1 Fee | 1 Ins | 18.00% loan amt | 10.0% upfront 10.00% ongoing | 48.6% - 53.4% | 62.6% - 70.8% | 35 | ||||||||
Community Banking | 30.0%-36.0% annual, Flat | 0 Fees | 1 Ins | None | 10.0% upfront | 63.4% - 63.5% | 83.1% - 83.5% | 36 | ||||||||
Micro Individual/Business Loan | 18.0%-24.0% annual, Decl Bal | 1 Fee | 0 Ins | 18.00% loan amt | N/A | 0% - 27.8% | 22.2% - 28.6% | 69 | ||||||||
New Solidarity Group | 18.0%-24.0% annual, Flat | 1 Fee | 0 Ins | 18.00% loan amt | 15.0% upfront 15.00% ongoing | 0% - 54.8% | 54.1% - 107.5% | 24 |
Outstanding portfolio (PHP) | PHP 352,707,483 |
Portfolio (USD) | USD 8,437,978.06 |
Active Clients with Loans | 12,175 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | x |
Must be specific age group | x |
Other | 18-70 years old |
Other (2) | Barangay & LGU Officials |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 250,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
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 | 18.00% |
Highest quoted nominal interest | 20.00% |
Reason(s) why interest rate varies | If bills discounted =18%pa. If time loan =20% pa. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 50 | |
Fixed amount - max | 0 | 50 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 500 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 1.50% |
Maximum interest rate paid | 1.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | PHP 120,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-07-01 | 2011-06-27 | 2011-06-21 | 2011-06-25 | 2011-06-27 | ||||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | 24.0 months | 24.0 months | ||||
Grace Period (Months) | 0.0 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 | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 39.7% | 39.3% | 39.2% | 39.1% | 39.1% | ||||
Insurance Component | 3.0% | 3.0% | 3.0% | 3.6% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 2.4% | 1.1% | 0.6% | 0.4% | 0.3% | ||||
Full APR (int fee ins tax dep) | 45.1% | 43.5% | 42.8% | 43.1% | 39.4% | ||||
Transparency Index | 40 | 41 | 42 | 42 | 46 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
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