Please note that the information you are viewing is 114 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: 114 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 88 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Five Talents Uganda Plot 351 C, Balintuma RoadNamirembeKampala, CentralPO Box 34653
Data approved: 2012-09-19
Data version: 2
Age of data: 88 months

Product

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Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 686,626,135
Portfolio (USD)USD 274,650
Active Clients with Loans5,024
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
These are group loans given to members of between 5 to 25. Emphasis is on solidarity and group unity, and business training and spirituality.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherHolistic development training
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 institution3
# Regions for this product3
Regions ActiveCentral, Northern, Western

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 250,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,000100%
UGX 1,000,000-5,000,0000
UGX 5,000,000-7,500,0000
UGX 7,500,000-10,000,0000
UGX 10,000,000-13,000,0000
Greater than UGX 13,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months50%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
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 interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Commission
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAccident & Death Insurance
% of loan amount - min1.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% on loans < 6 months. 2% for loans > 6 months
Appears on Repayment Sched?No
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 deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Group Loans samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUGX 100,000UGX 250,000UGX 300,000UGX 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-212012-08-092012-06-132012-08-09
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)1.0 month1.0 month1.0 month0.0 months
Total Cost of CreditUGX 21,000UGX 52,500UGX 63,000UGX 63,000
True Price by Comp       
Interest price component58.0%57.6%57.8%57.6%
Fee Component7.3%7.2%7.2%7.2%
Insurance Component3.7%3.6%3.7%3.6%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component42.5%42.6%42.6%42.6%
Full APR (int fee ins tax dep)111.5%111.0%111.3%111.0%
Transparency Index32323232
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Group Loans Price Graphs


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% Products with compulsory deposits
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