Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COAC San José San Jose de Chimbo, calle Chimborazo 536 y 3 de MarzoCanton Chimbo, Provincia Bolivar
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Product

Microcredito Grupal Pago al Vencimiento Product 3 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,531,514.57
Portfolio (USD)USD 1,531,514.57
Active Clients with Loans1,945
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Microcredito es destinado a financiar actividades de produccion, comercialización o servicios, cuya fuente principal de pago constituye el producto de las ventas o ingresos. Los socios deben constituir un grupo entre ellos (MIN 10, MAX 30)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit educationx
Group meetingsx
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 productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 600
Maximum loan size1,600
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest18.00%
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
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 12
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcredito Grupal Pago al Vencimiento samples
Sample 1Sample 2
Loan AmountUSD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-06-232010-08-06
Loan Term (Months)12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component18.5%18.3%
Insurance Component0.2%0.4%
Tax Component0.0%0.0%
Deposit Component0.2%0.2%
Full APR (int fee ins tax dep)18.9%18.9%
Transparency Index9595
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Microcredito Grupal Pago al Vencimiento Price Graphs


Please note that the information you are viewing is 127 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333
Data approved: 2013-04-09
Data version: 2
Age of data: 127 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionA.Y.Ghuhia
Regions activeKilimanjaro
# Branches1

Total Portfolio (nat'l)TZS 5,079,003,643
Total Portfolio (USD)USD 3,194,341.91
Active clients with loans4,004
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsTAMFI
Funders

Loan Products » Summary

271 Borrowers
USD 243,786.45 Portfolio
Active Product
672 Borrowers
USD 139,436.31 Portfolio
Active Product
521 Borrowers
USD 691,823.90 Portfolio
Active Product
2,162 Borrowers
USD 1,258,917.90 Portfolio
Active Product
340 Borrowers
USD 503,144.65 Portfolio
Low Volume Product
0 Borrowers
Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loans TZS 500,000 - 5,000,000 12 40% - 60% 0% - 20% Business Women, Men Business Training
Group Loans TZS 100,000 - 2,200,000 3 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Business Training
Business Loans TZS 100,000 - 100,000,000 6 - 24 20% - 40% 0% - 20% Business Women, Men, Have business Tech Asst Visits, Other Training
Salaried Loans TZS 100,000 - 9,000,000 1 - 36 40% - 60% 60% - 80% Consumer Women, Men, Salaried worker Credit Educ, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loans 30.00% annual, Decl Bal 1 Fee 1 Ins None 15.00% upfront 31.9% 40.1% 74
Group Loans 30.00% annual, Flat 1 Fee 1 Ins None 15.00% upfront 57.7% - 61.5% 78.8% - 86.5% 37
Business Loans 21.60% annual, Flat 1 Fee 1 Ins None 15.00% upfront 32.2% - 41.1% 42.8% - 58.4% 43
Salaried Loans 10.00%-18.00% annual, Flat 1 Fee 1 Ins None N/A 34.4% - 37.9% 35.3% - 39.3% 26
Institution Price Graph
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Key Statistics
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# Products
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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