2. Banco Solidario
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  2. Urwego

Institution

Banco Solidario S.A Av. Amazonas 3887 y CoreaQuito, Pichincha28034
Data approved: 2011-11-01
Data version: 1
Age of data: 164 months

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

Microempresa Product 1 of 1 « Prev | Next »

Product

Advanced Community Banking Product 1 of 6 « Prev | Next »

Product Summary

Number borrowers79,773
Loan Amount (range)USD 1,000 - 20,000
Loan Term (range)6 - 49.7
Other Services (text summary)Credit Ins
Annual Interest & Method19.0%-27.0% annual, Decl Bal
FeesNone
Insurance2.88%-2.94% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component24.2% - 27.0% (Int+Fee)
Insurance Component1.9% - 3.5%
Tax Component Range0
Full APR (int fee ins tax dep)26.2% - 30.5%
Transparency Index (min/max)62 - 73
Transparency Index (average)66

Product Summary

4,400
RWF 250,000 - 3,000,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Business Training
24.0% annual, Flat
1.00% upfront
0.08% upfront
18.00% fees
10.0% upfront
 
18.3% - 49.1%
1.5% - 8.1%
0 - 1.1%
0 - 1.6%
53.0% - 60.9%
30 - 81
42

Product Details

Key Statistics
Outstanding portfolio (USD)USD 221,716,874
Portfolio (USD)USD 221,716,874
Active Clients with Loans79,773
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito destinado a satisfacer necesidades de financiamiento a clientes que poseen una microempresa; cuya actividad económica sea de comercio, producción (agropecuarias y no agropecuarias), o servicios
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this product13
Regions ActiveAzuay, Chimborazo, Cotopaxi, Esmeraldas, GuayasImbabura, Loja, Los Ríos, Manabí, Pichincha, Santa ElenaSanto Domingo de los Tsáchilas, Tungurahua

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 1,545,844,104
Portfolio (USD)USD 2,415,381.41
Active Clients with Loans4,400
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Group members 10 to 30 individuals, group members must have a business; member co guarantee each other (social guarantee)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution30
# Regions for this product30
Regions ActiveBugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza, Nyarugenge, Nyaruguru, Rubavu, Ruhango, Rulindo, Rusizi, Rutsiro, Rwamagana

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50050%
USD 1,500-5,00040%
USD 5,000-10,00010%
USD 10,000-15,0000
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term49.7 months
Approx average24.3 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months40%
Longer than 18 months60%
Grace Period
Grace period usage90%
Average grace period0.5 months
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

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 250,000
Maximum loan size3,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00050%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,0005%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months10%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest19.03%
Highest quoted nominal interest27.02%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Plazo de Otorgamiento en función de la Tasa Efectiva
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionVida y Desgravamen
% of loan amount - min2.88%
% of loan amount - max2.94%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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
Ins 1
DescriptionCredit Life Insurance Premium
% of loan amount - min0.08%
% of loan amount - max0.08%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationExcluding VAT
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Microempresa samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 1,008.96USD 1,042.55USD 2,063.18USD 2,110.32USD 4,183.22USD 4,210.42
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-08-272011-08-042010-09-092011-08-202010-07-142011-06-30
Loan Term (Months)18.7 months12.0 months24.0 months18.0 months36.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component27.0%26.9%26.7%26.8%24.2%24.2%
Insurance Component3.5%3.1%2.8%3.1%1.9%3.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.5%30.0%29.5%30.0%26.2%27.3%
Transparency Index626364647370
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Advanced Community Banking samples
Sample 1Sample 2Sample 3
Loan AmountRWF 200,000RWF 400,000RWF 1,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-08-282014-08-072014-08-11
Loan Term (Months)6.0 months6.0 months8.0 months
Grace Period (Months)0.5 months0.5 months0.7 months
Total Cost of CreditRWF 26,476.80RWF 61,461.60RWF 293,677
True Price by Comp     
Interest price component39.8%46.5%44.7%
Fee Component3.6%3.6%2.8%
Insurance Component0.3%0.3%0.2%
Tax Component0.7%0.7%0.5%
Deposit Component8.6%9.8%8.9%
Full APR (int fee ins tax dep)53.0%60.9%57.1%
Transparency Index453942
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microempresa Price Graphs


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Advanced Community Banking 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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