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Institution

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 135 months

Institution

Saija Finance Pvt. Ltd. Uma Complex, 3rd FloorFraser RoadPatna, BahirPO Box 800001
Data approved: 2013-02-08
Data version: 2
Age of data: 131 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2004
Head of InstitutionBernard Kivava
Regions activeMuhanga, Musanze, Nyarugenge
# Branches4

Total Portfolio (nat'l)RWF 2,223,220,010
Total Portfolio (USD)USD 3,473,781.27
Active clients with loans4,960
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAMIR
FundersMicro Africa Ltd, Ezra Bunyenyezi

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.saija.in/
Year established2007
Head of InstitutionS. R. Sinha
Regions activeBihar
# Branches7

Total Portfolio (nat'l)INR 248,186,765.50
Total Portfolio (USD)USD 4,682,769.16
Active clients with loans24,779
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliations

Loan Products » Summary

3,231 Borrowers
USD 776,788 Portfolio
Active Product
957 Borrowers
USD 835,114.53 Portfolio
Active Product
SME
772 Borrowers
USD 1,862,441.23 Portfolio
Active Product

Loan Products » Summary

3,131 Borrowers
USD 909,726.06 Portfolio
Active Product
21,648 Borrowers
USD 3,773,043.10 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan RWF 30,000 - 1,000,000 6 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan RWF 100,000 - 5,000,000 6 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
SME Loan RWF 1,000,000 - 15,000,000 6 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Saija Karobar Rin - Business JLG INR 5,000 - 50,000 11.5 - 24 0% - 20% 80% - 100% Business Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH Credit Ins
Saija Mahila Rin - Household JLG INR 5,000 - 50,000 11.5 - 24 80% - 100% 100% Business Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Decl Bal 1 Fee 1 Ins None 10.00% upfront 59% - 62.4% 72.5% - 78.4% 63
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins None N/A 52.7% - 67.3% 55.3% - 71.4% 75
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins None 0.00%-20.00% upfront 56.2% - 66.3% 88.3% - 101.3% 49

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Saija Karobar Rin - Business JLG 25.9% - 26.3% 26.8% - 28% 27.5% - 28.8% Yes Yes Yes 100
Saija Mahila Rin - Household JLG 25.9% - 26% 26.8% - 28% 27.4% - 29.5% Yes Yes Yes 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Saija Karobar Rin - Business JLG 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 28% 27.5% - 28.8% 92
Saija Mahila Rin - Household JLG 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 28% 27.4% - 29.5% 92

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Decl Bal 1 Fee 1 Ins Ins None 10.00% upfront 59% - 62.4% 72.5% - 78.4% 63
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 52.7% - 67.3% 55.3% - 71.4% 75
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins Ins None 0.00%-20.00% upfront 56.2% - 66.3% 88.3% - 101.3% 49

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Saija Karobar Rin - Business JLG 25.9% - 26.3% 26.8% - 28% 27.5% - 28.8% Yes Yes Yes 100
Saija Mahila Rin - Household JLG 25.9% - 26% 26.8% - 28% 27.4% - 29.5% Yes Yes Yes 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Saija Karobar Rin - Business JLG 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.8% - 28% 27.5% - 28.8% 92
Saija Mahila Rin - Household JLG 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.8% - 28% 27.4% - 29.5% 92
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Key Statistics
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Loan Portfolio (USD)
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