Please note that the information you are viewing is 118 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Ahorra y Credito Cooprogreso Av. Manuel Córdova Galarza 9380 y Bogotá PomasquiQuito, Pichincha593
Data approved: 2010-11-22
Data version: 1
Age of data: 118 months

Product

MICM Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (USD)USD 638,600
Portfolio (USD)USD 638,600
Active Clients with Loans5,400
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Para capital de operaciones de inversión en pequeña escala destinados a la producción, comercialización o servicios
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 200
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term10.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
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 interest25.70%
Highest quoted nominal interest25.70%
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 - min1.20%
% of loan amount - max1.20%
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited3.00%
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 paid2.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

MICM samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 3,500USD 3,800USD 4,000USD 4,300
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-09-102010-08-262010-09-082010-08-31
Loan Term (Months)7.0 months8.0 months7.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component29.6%29.6%26.1%26.1%
Insurance Component-1.3%3.0%2.3%3.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component5.3%-3.4%0.8%0.8%
Full APR (int fee ins tax dep)33.7%29.2%29.2%29.9%
Transparency Index76888886
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Please note that the information you are viewing is 82 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 82 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2003
Head of InstitutionShedehva Optat
Regions activeRuvuma
# Branches1

Total Portfolio (nat'l)TZS 4,748,143,743
Total Portfolio (USD)USD 2,986,253.93
Active clients with loans1,069.80
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsCommunity Bank Association
FundersFinancial Sector Deepening, Agricultural Trust Fund

Loan Products » Summary

86 Borrowers
USD 186,986.65 Portfolio
Active Product
58 Borrowers
USD 1,104,205.77 Portfolio
Active Product
882.70 Borrowers
USD 1,695,061.51 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Salary Loan TZS 300,000 - 6,000,000 12 60% - 80% 40% - 60% Any Purpose Women, Men, Salaried worker Group Mtgs, Business Training
Small Business Loan TZS 1,000,000 - 45,000,000 3 - 18 20% - 40% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Solidarity Group Loan TZS 500,000 - 3,500,000 1 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Must run agricultural activities or business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Salary Loan 24.00% annual, Flat 2 Fees 1 Ins None N/A 48.7% - 57.2% 50% - 59.8% 41
Small Business Loan 10.00%-24.00% annual, Flat 3 Fees 1 Ins None N/A 58.6% - 71.7% 61.2% - 77% 15
Solidarity Group Loan 10.00%-30.00% annual, Flat 2 Fees 1 Ins None 30.00% upfront 14.2% - 94.9% 22.9% - 242.9% 8
Institution Price Graph
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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