2. Baobab
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. COAC FondVida
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 139 months
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Institution

COAC FondVida Flavio Alfaro Oe6 - 150 y Francisco DavilaQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Product

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Product

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Product Summary

Number borrowers5,082
Loan Amount (range)GHS 100 - 1,000
Loan Term (range)4
Other Services (text summary)Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)
Annual Interest & Method36.00% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component63.1% - 91.9%
Fee Component0 - 19.1%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)75.6%
Transparency Index (min/max)48 - 59
Transparency Index (average)47

Product Summary

1,076
USD 100 - 5,000
3 - 36
Credit Educ, Credit Ins, Asesoría administración del dinero
14.0%-16.0% annual, Decl Bal
1.00% upfront
None
None
5.00 ongoing
 
N/A
16.2% - 16.4% (Int+Fee)
0.1% - 5.3%
0
17.3% - 19.8%
0 - N/A
75

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,575,561
Portfolio (USD)USD 799,777.16
Active Clients with Loans5,082
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
Other
Description
Designed for women in groups.
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 insurance
Workplace visits
Business training
Other training
OtherHealth and nutrition training
Other (2)Clean up exercises (sanitation)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be a group member and must have lived in the community for at least one year
Other (2)Must have group guarantee
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveNorthern Region

Product Details

Key Statistics
Outstanding portfolio (USD)USD 2,021,763
Portfolio (USD)USD 2,021,763
Active Clients with Loans1,076
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es un crédito de libre disponibilidad; cuyas garantías son sobre firmas; por primera vez puede acceder hasta USD 2000 y en forma progresiva hasta USD 5000.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
OtherAsesoría administración del dinero
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherSi el deudor no es propietario de una casa, el garante sí requiere tener una casa.
Other (2)Pueden acceder personas desde los 18 años de edad en adelante.
# 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
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average13.0 months
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 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
This product has no upfront fees
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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 paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest14.00%
Highest quoted nominal interest16.00%
Reason(s) why interest rate variesCantidad de ingresos de la persona
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
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?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 5
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.50%
Maximum interest rate paid4.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Para nosotros el pago del ahorro en cada letra es una opción que tiene el socio de ahorrar, entonces el socio puede decidir ahorrar o no.Así también, el socio apenas paga la dividendo ahorra los 5$ con la letra, pero a la vez puede disponer inmediatamente del mismo, entonces no es un ahorro que se queda bloqueado.

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 400GHS 500GHS 600
Loan Cycle (1, 2, 3, etc)2222
Disbursement Date2013-01-182013-01-182013-01-182013-01-18
Loan Term (Months)4.0 months4.0 months4.0 months4.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditGHS 36GHS 48GHS 60GHS 72
True Price by Comp       
Interest price component63.1%63.1%63.1%63.1%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.5%12.5%12.5%12.5%
Full APR (int fee ins tax dep)75.6%75.6%75.6%75.6%
Transparency Index48484848
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Crédito de consumo samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 400USD 1,000USD 2,000USD 4,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-08-282010-08-242010-07-092010-07-19
Loan Term (Months)6.0 months8.0 months15.0 months30.0 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 Component16.2%16.2%16.2%16.4%
Insurance Component3.3%2.8%1.6%0.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.3%0.1%0.1%0.0%
Full APR (int fee ins tax dep)19.8%19.2%17.9%17.3%
Transparency Index71737881
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Group Loan Price Graphs


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Crédito de consumo Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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