Institution

Kenya Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi
Data approved: 2013-05-29
Data version: 2
Age of data: 133 months

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 159 months

Product

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Product

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Product Summary

Number borrowers17,182
Loan Amount (range)KES 5,000 - 300,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method18.0%-20.0% annual, Flat
Fees2.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep10.0%-25.0% upfront 200.00 ongoing
Range of pricing 
Interest Price Component26.8% - 38.7%
Fee Component2.0% - 7.5%
Insurance Component2.1% - 7.7%
Tax Component Range0
Full APR (int fee ins tax dep)61.6% - 91.2%
Transparency Index (min/max)13 - 51
Transparency Index (average)23

Product Summary

15,313
COP 267,800 - 34,814,000
6 - 60
14.4%-15.0% annual, Decl Bal
2.00% upfront
None
None
N/A
 
N/A
14.1% - 19.6% (Int+Fee)
0 - 0.6%
0
14.1% - 20.9%
45 - 102
82

Product Details

Key Statistics
Outstanding portfolio (KES)KES 396,977,940
Portfolio (USD)USD 4,794,419.57
Active Clients with Loans17,182
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Quick and convenient working capital loan with flexible repayment periods.
Loan Purpose
Any purpose
Income generationx
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
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 ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (COP)0
Portfolio (USD)
Active Clients with Loans15,313
Approximate % Female Clients0
Approximate % Urban Clients0
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito de libre inversión sin codeudor y con montos hasta cincuenta (65) S.M.M.L.V ($33.475.000), de acuerdo al tipo de actividad económica que desarrolle la persona y su capacidad de pago.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
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
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00080%
KES 50,000-150,00020%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months5%
Grace Period
Grace period usage100%
Average grace period1.0 month
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
CurrencyCOP
Minimum loan sizeCOP 267,800
Maximum loan size34,814,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 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
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% 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?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionRisk Management Fee
% 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?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
Criteria10% for first cycle loans, 25% for multiple cycle loans.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid0.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest14.40%
Highest quoted nominal interest15.00%
Reason(s) why interest rate variesN/A
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFondo de Desarrollo Institucional. (% sobre monto total del prestamo)
% of loan amount - min2.00%
% of loan amount - max2.00%
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Jiwezeshe Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 10,000KES 25,000KES 45,000KES 90,000KES 180,000KES 300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-052013-06-052013-05-292013-05-172013-05-172013-05-27
Loan Term (Months)5.9 months12.0 months12.0 months12.0 months24.0 months24.0 months
Grace Period (Months)0.7 months0.7 months0.7 months0.7 months0.7 months0.7 months
Total Cost of CreditKES 1,399.90KES 6,000KES 10,800KES 21,600KES 75,600KES 120,000
True Price by Comp           
Interest price component34.3%35.4%35.4%35.4%33.0%31.5%
Fee Component7.3%4.1%4.1%4.1%2.2%2.1%
Insurance Component7.5%4.1%4.1%4.1%2.3%2.3%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component36.7%29.9%47.6%37.8%28.9%25.7%
Full APR (int fee ins tax dep)85.8%73.5%91.2%81.4%66.4%61.6%
Transparency Index212420222729
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Credifacil samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,408,313COP 6,582,954COP 29,890,458
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-01-262011-01-252011-01-06
Loan Term (Months)18.0 months24.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component19.6%18.9%14.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component1.3%0.3%0.0%
Full APR (int fee ins tax dep)20.9%19.2%14.1%
Transparency Index6975100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Jiwezeshe Loan Price Graphs


Credifacil 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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