Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEC COMICOKA MahokoKanamaRubavu, West RwandaPO Box 506 RWA
Data approved: 2012-10-04
Data version: 2
Age of data: 135 months

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222
Data approved: 2012-11-23
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established2005
Head of InstitutionJean Damascene Nkurikiyinka
Regions activeNgororero, Nyabihu
# Branches1

Total Portfolio (nat'l)RWF 477,814,327
Total Portfolio (USD)USD 758,435.44
Active clients with loans827
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsAMIR
FundersAQUADEV

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.concernuniversal.org/
Year established2000
Head of InstitutionEzikiel Phiri
Regions activeDedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Nsanje
# Branches2

Total Portfolio (nat'l)MWK 231,643,414
Total Portfolio (USD)USD 593,957.47
Active clients with loans48,013
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsMAMN, The MIX Market
FundersConcern Universal, USAID, UNDP UNCDF through FIMA, Irish Aid

Loan Products » Summary

568 Borrowers
USD 332,775 Portfolio
Active Product
75 Borrowers
USD 50,429 Portfolio
Active Product
125 Borrowers
USD 347,500 Portfolio
Active Product
59 Borrowers
USD 27,731 Portfolio
Active Product

Loan Products » Summary

790 Borrowers
USD 30,823.69 Portfolio
Active Product
47,223 Borrowers
USD 563,133.78 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Ordinaire 30% RWF 12,000 - 5,000,000 3 - 36 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ
Ordinaire 18% RWF 100,000 - 5,000,000 3 - 24 0% - 20% 0% - 20% Any Purpose Women, Men, Salaried worker Credit Educ
Ordinaire 19% RWF 1,000,000 - 5,000,000 13 - 36 20% - 40% 0% - 20% Business, Credit Agricole Avec Subvention RIF2 Women, Men, Have business, Autrest Immobilisations Credit Educ
Urgence 60% RWF 15,000 - 5,000,000 3 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Fumba (Agricultural Loan) MWK 10,000 - 50,000 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental & HIV & AIDS education
Masika (Village Enterprise Loan) MWK 2,000 - 200,000 4 - 6 60% - 80% 0% - 20% Business, Used for only working capital purpose Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Ordinaire 30% 30.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees 20.00% upfront 19.9% - 37.1% 45.9% - 72.1% 53
Ordinaire 18% 18.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees N/A 19.4% - 20.3% 20.3% - 21.3% 86
Ordinaire 19% 19.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees 20.00% upfront 20% - 22.9% 30.3% - 37.4% 57
Urgence 60% 60.00% annual, Flat 2 Fees 0 Ins 18.00% fees N/A 63.6% - 66.1% 65.1% - 68% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins None 5.00% upfront 104.4% 125.1% 43

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Ordinaire 30% 30.00% annual, Decl Bal 2 Fees 1 Ins Ins 18.00% fees 20.00% upfront 19.9% - 37.1% 45.9% - 72.1% 53
Ordinaire 18% 18.00% annual, Decl Bal 2 Fees 1 Ins Ins 18.00% fees N/A 19.4% - 20.3% 20.3% - 21.3% 86
Ordinaire 19% 19.00% annual, Decl Bal 2 Fees 1 Ins Ins 18.00% fees 20.00% upfront 20% - 22.9% 30.3% - 37.4% 57
Urgence 60% 60.00% annual, Flat 2 Fees 0 Ins Ins 18.00% fees N/A 63.6% - 66.1% 65.1% - 68% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 71.1% 80.3% 74
Masika (Village Enterprise Loan) 54.00%-72.00% annual, Flat 1 Fee 1 Ins Ins None 5.00% upfront 104.4% 125.1% 43
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Loan Portfolio (USD)
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