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

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: 163 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established1963
Head of InstitutionIVAN TOBAR
Regions active
# Branches21

Total Portfolio (nat'l)USD 88,130,099
Total Portfolio (USD)USD 88,130,099
Active clients with loans22,154
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

500 Borrowers
USD 22,845,920 Portfolio
Active Product
5,400 Borrowers
USD 638,600 Portfolio
Active Product
2,020 Borrowers
USD 8,509,955 Portfolio
Active Product
61 Borrowers
USD 250,461 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
CNMPE USD 600 - 8,000 12 - 36 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker, Specific age group Credit Ins
MICM USD 200 - 20,000 8 - 10 80% - 100% 20% - 40% Any Purpose Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
MICON USD 600 - 20,000 6 - 36 20% - 40% 60% - 80% Any Purpose Women, Men, Have business Credit Ins
MICPE USD 600 - 8,000 2 - 36 20% - 40% 40% - 60% Business Women, Men, Have business Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CNMPE 15.2% annual, Decl Bal 1 Fee 0 Ins None 1.5% upfront 15.4% - 16.1% 16.4% - 16.5% 92
MICM 25.7% annual, Decl Bal 1 Fee 0 Ins None 3.0% upfront 26.1% - 29.6% 29.2% - 33.7% 84
MICON 22.8% annual, Decl Bal 1 Fee 0 Ins None 3.00% ongoing 21.4% - 24.4% 23.1% - 25.5% 92
MICPE 24.5% annual, Decl Bal 1 Fee 0 Ins None 3.0% upfront 22.7% - 24.8% 24.5% - 26.7% 93
Institution Price Graph
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 132 months

Product

Golden Susu Loans Product 1 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 9,862,672.45
Portfolio (USD)USD 5,006,432.72
Active Clients with Loans3,885
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Daily saving programme designed to assist micro/small-scale entrepreneurs. Contributors may, after two months savings, be eligible for loans.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
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 institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00030%
GHS 5,000-7,50040%
GHS 7,500-10,00020%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weekly
Every 2 weeks
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% 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
Ongoing Fees
This product has no ongoing fees
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - 25.00%
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 frequencyQuarterly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Golden Susu Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 800GHS 1,500GHS 3,000GHS 6,000GHS 9,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-202013-05-282013-05-072013-06-192013-05-30
Loan Term (Months)10.0 months10.0 months6.0 months12.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 264GHS 495GHS 630GHS 2,340GHS 1,890
True Price by Comp         
Interest price component59.3%59.1%57.5%59.4%57.5%
Fee Component7.2%7.2%10.8%6.2%10.8%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component41.0%40.6%42.8%39.5%42.8%
Full APR (int fee ins tax dep)107.5%106.9%111.1%105.1%111.1%
Transparency Index3434323432
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Golden Susu Loans Price Graphs


Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

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