- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	107
KF	233,600	41,416,000	4	106
NRSP	399,900	70,157,000	3	107
ASA	230,400	29,637,000	3	107
TMFB	221,200	85,449,000	7	107
FMFB	163,544	38,481,323	9	126
TRDP	100,000	13,817,000	3	107
PRSP	75,656	9,907,176	3	126
BRAC^P	57,300	11,869,000	3	107
SRSO	51,100	7,775,000	3	107
SSF	46,000	4,776,000	3	107
FINCA	82,000	43,559,000	9	107
JWS	36,000	6,545,000	2	107
RCDS	35,552	4,856,122	4	126
DAMEN	35,185	7,150,864	1	126
FFO	22,400	3,335,000	3	107
OLP	21,400	3,510,000	3	107
CSC	17,600	3,147,000	1	107
AMRDO	13,800	1,206,000	5	107
WMBL	13,800	6,105,000	3	107
Mojaz	13,400	2,415,000	2	107
SDF	11,500	1,041,000	4	107
POMFB	8,500	2,795,000	4	107
OPD	7,500	918,000	2	107
AGAHE	7,300	797,000	2	107
NRDP	6,184	1,521,972	3	126
GBTI	6,100	669,000	3	126
WASIL	4,300	1,135,000	2	107
Micro Options	4,000	768,000	5	107
VDO	3,900	489,000	3	126
SVDP	3,900	811,000	13	126
SRDO	3,500	766,000	4	107
OSDI	2,000	923,000	3	107
APMBL	1,800	1,401,000	3	107
BEDF	1,400	209,000	3	126
KCDO	800	94,000	1	126

Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748

Data approved: 2012-09-27

Data version: 2

Age of data: - months

Download Data

Analyze Data

Product

Micro Individual/Business Loan Product 3 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 3,092,489,825
Portfolio (USD)	USD 4,832,015.35
Active Clients with Loans	1,184
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This product is for small entrepreneurs as well as graduated clients from Community Banking groups and Solidarity Groups; a client must have a business.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan	x
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	22
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 250,000
Maximum loan size	60,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	10%
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%

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	60.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	10%
Between 13 and 18 months	30%
Longer than 18 months	50%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	18.00%
Highest quoted nominal interest	24.00%
Reason(s) why interest rate varies	Loan Size, Collateral
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Processing Fee
% of loan amount - min	2.00%
% 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Life Insurance Premium
% of loan amount - min	0.05%
% of loan amount - max	7.99%
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?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	18%
All or some fees taxed	All

Additional Comments

APR calculations have used insurance rates applicable to a 30 year old client

Full Pricing Data

Micro Individual/Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	RWF 250,000	RWF 490,000	RWF 1,000,000	RWF 2,000,000	RWF 3,000,000	RWF 4,000,000
Loan Cycle (1, 2, 3, etc)	1	1	1	1	1	Not Known
Disbursement Date	2012-09-12	2012-04-26	2012-08-23	2012-07-20	2012-08-13	2012-08-02
Loan Term (Months)	12.0 months	18.0 months	12.0 months	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.1 months	0.0 months	0.0 months	0.1 months
Total Cost of Credit	RWF 36,764	RWF 98,610	RWF 170,304	RWF 502,161	RWF 747,415	RWF 992,889
True Price by Comp
Interest price component	19.9%	19.8%	23.8%	19.8%	19.8%	19.8%
Fee Component	3.9%	2.7%	3.8%	2.1%	2.1%	2.1%
Insurance Component	1.9%	1.4%	2.0%	0.5%	0.4%	0.3%
Tax Component	1.1%	0.7%	1.1%	0.5%	0.4%	0.4%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	26.8%	24.6%	30.7%	22.9%	22.7%	22.6%
Transparency Index	67	73	59	79	79	80

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Micro Individual/Business Loan Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Micro Individual/Business Loan samples

Micro Individual/Business Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources