| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1996 |
| Head of Institution | |
| Regions active | |
| # Branches | 11 |
| Total Portfolio (nat'l) | ZMK 8,200,000,000 |
| Total Portfolio (USD) | USD 1,584,541.06 |
| Active clients with loans | 14,300 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AMIZ, AFRACA, INAFI |
| Funders | UNDP, IFAD (International Fund for Agricultural Development) |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equipment Loan | ZMK 2,000,000 - 50,000,000 | 12 - 36 | 20% - 40% | 40% - 60% | Business, Farmining business for throughout the year | Women, Men, Must have a farm holding and source of water throughout the year | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Individual SME Loan | ZMK 1,000,000 - 10,000,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business, Consumer | Women, Men, Have business, Salaried worker, Either run a business or be salaried | Credit Educ, Group Mtgs, Business Training | |||||||
| Twende Loan | ZMK 400,000 - 7,000,000 | 3 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business, Start a business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Savings , Education on HIV/AIDS, Gender, and Environment | |||||||
| Dairy Loan | ZMK 500,000 - 25,000,000 | 6 - 24 | 0% - 20% | 20% - 40% | Business | Women, Men, Have business, Be in a business or start one; belong to a dairy cooperative | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equipment Loan | 25.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 28.1% - 28.5% | 30.4% - 30.8% | 81 | ||||||||
| Individual SME Loan | 60.0%-72.0% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 67.6% - 70% | 72.2% - 74.7% | 82 | ||||||||
| Twende Loan | 60.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 15,000.00 upfront 6,000.00 ongoing | 60.2% - 63.2% | 65.3% - 82.4% | 86 | ||||||||
| Dairy Loan | 30.0% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 59% - 59.8% | 63.5% - 64.4% | 47 |
| Outstanding portfolio (RWF) | RWF 1,053,725,710 |
| Portfolio (USD) | USD 1,646,446.42 |
| Active Clients with Loans | 1,039 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 11 |
| # Regions for this product | 13 |
| Regions Active | Bugesera, Gasabo, Gisagara, Huye, KamonyiKayonza, Kicukiro, Kirehe, Muhanga, Nyanza, Nyarugenge, Ruhango, Rwamagana |
| Currency | RWF |
| Minimum loan size | RWF 1,000,000 |
| Maximum loan size | 7,500,000 |
| Loans less than RWF 500,000 | 0 |
| RWF 500,000-1,500,000 | 10% |
| RWF 1,500,000-2,500,000 | 10% |
| RWF 2,500,000-3,500,000 | 10% |
| RWF 3,500,000-4,500,000 | 10% |
| Greater than RWF 4,500,000 | 10% |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 5.00% |
| Reason(s) why interest rate varies | Loan Term |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Commission | Stationery | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 5,000 | |
| Fixed amount - max | 0 | 20,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | RWF 250,000 | RWF 1,000,000 | RWF 1,500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-08-30 | 2010-11-02 | 2010-11-04 | ||
| Loan Term (Months) | 6.0 months | 12.0 months | 3.0 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 | 93.7% | 86.5% | 105.7% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 17.4% | 15.4% | 18.1% | ||
| Full APR (int fee ins tax dep) | 111.1% | 101.9% | 123.8% | ||
| Transparency Index | 43 | 47 | 39 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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