- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	136
Adok Timo	4,200	570,000	4	167
BIMAS	11,100	4,679,000	7	136
ECLOF Kenya	20,500	5,455,000	8	136
Equity Bank	135,500	94,746,000	9	136
Family Bank	43,200	90,700,000	5	167
Jamii Bora	2,400	3,374,000	4	136
Juhudi Kilimo	10,400	4,436,000	2	136
KADET	12,900	5,402,000	4	136
K-Rep	0	0	0	136
K-Rep Bank	65,000	28,743,000	4	167
KWFT DTM	294,600	165,982,000	6	136
LKL	13,100	9,311,000	10	128
MKL	18,200	5,989,000	6	112
Opportunity Kenya	9,100	4,866,000	5	136
PAWDEP	40,900	7,133,000	2	136
RAFODE	2,900	356,000	1	136
SISDO	7,300	3,657,000	11	136
Yehu	14,000	3,149,000	11	136

Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEDU District KICUKIROKIGALIB.P 4053 KIGALI

Data approved: 2011-09-16

Data version: 1

Age of data: - months

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Product

Avance Sur Salaire Product 1 of 9 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 71,543,597
Portfolio (USD)	USD 121,260
Active Clients with Loans	140
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Cr?dit octroy? aux membres de la COOPEDU dont le salaire est vers? mensuellement sur leur compte ?? la COOPEDU. Le salaire constitu la garantie\r

Loan Purpose

Any purpose	x
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 services

Eligibility

Men	x
Women	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 94,800
Maximum loan size	3,500,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	24.0 months
Approx average	0

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	90%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.70%
Highest quoted nominal interest	1.70%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Commission sur credit
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Assurance sur credit - depends on age, loan amount, loan term
% of loan amount - min	1.00%
% of loan amount - max	10.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	0
All or some fees taxed	N/A

Full Pricing Data

Avance Sur Salaire samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	RWF 100,000	RWF 250,000	RWF 500,000	RWF 960,000	RWF 2,000,000	RWF 3,256,000
Loan Cycle (1, 2, 3, etc)	1	1	1	1	0
Disbursement Date	2012-03-27	2012-02-22	2012-01-26	2011-11-24	N/A
Loan Term (Months)	12.0 months	12.0 months	5.0 months	24.0 months	24.0 months	18.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	22.0%	22.1%	24.4%	23.0%	0.0%	21.3%
Insurance Component	2.4%	2.3%	1.2%	1.4%	21.7%	0.6%
Tax Component	0.4%	0.4%	0.8%	0.2%	-21.7%	0.2%
Deposit Component	0.0%	0.0%	0.0%	0.0%	22.8%	0.0%
Full APR (int fee ins tax dep)	24.8%	24.8%	26.4%	24.6%	22.8%	22.1%
Transparency Index	82	82	77	83	90	92

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Avance Sur Salaire 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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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