2. COOPEDU
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Baobab
Please note that the information you are viewing is 132 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 KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 136 months
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Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 132 months
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Product

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

Product

Business Support Loan Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers266
Loan Amount (range)RWF 150,000 - 3,500,000
Loan Term (range)6 - 24
Other Services (text summary)
Annual Interest & Method20.40% annual, Decl Bal
Fees1.00% upfront
Insurance0.09%-6.02% upfront
Tax18.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component16.7% - 48.1%
Fee Component0.7% - 4.8%
Insurance Component0.4% - 2.8%
Tax Component Range0.1% - 1.2%
Full APR (int fee ins tax dep)21.5% - 22.5%
Transparency Index (min/max)0 - 95
Transparency Index (average)92

Product Summary

61
GHS 1,000 - 30,000
1 - 3
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
60.00% annual, Flat
3.00% upfront
None
None
10.00% upfront
 
63.1% - 91.9%
0 - 19.1%
0
0
101.7% - 126.1%
48 - 59
52

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 147,562,778
Portfolio (USD)USD 234,227
Active Clients with Loans266
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux membres de la COOPEDU dont le salaire est verse mensuellement sur leur compte e la COOPEDU. Le salaire constitu la garantie
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 330,000
Portfolio (USD)USD 167,512.69
Active Clients with Loans61
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for individuals with businesses.
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
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institution1
# Regions for this product1
Regions ActiveNorthern Region

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 150,000
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00020%
RWF 1,500,000-2,500,00030%
RWF 2,500,000-3,500,00030%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months20%
Between 13 and 18 months50%
Longer than 18 months30%
Grace Period
Grace period usage0
Average grace period0.3 months
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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00030%
GHS 5,000-7,50020%
GHS 7,500-10,00015%
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term3.0 months
Approx average3.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
Between 7 and 9 months0
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 interest1.70%
Highest quoted nominal interest1.70%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur credit
% of loan amount - min1.00%
% of loan amount - max1.00%
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
DescriptionAssurance sur credit
% of loan amount - min0.09%
% of loan amount - max6.02%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on age, loan amount, loan term
Appears on Repayment Sched?No
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?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
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?No
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

Full Pricing Data

Avance Sur Salaire samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 261,600RWF 487,200RWF 1,044,000RWF 2,000,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2012-03-272012-02-222012-01-262011-11-24
Loan Term (Months)12.0 months18.0 months25.0 months18.0 months
Grace Period (Months)1.0 month1.0 month1.3 months1.0 month
Total Cost of CreditRWF 32,988.68RWF 88,448.61RWF 253,623.48RWF 363,100
True Price by Comp       
Interest price component19.7%19.9%19.7%19.8%
Fee Component1.9%1.3%1.1%1.4%
Insurance Component0.5%0.5%0.4%0.4%
Tax Component0.4%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.5%22.0%21.5%21.9%
Transparency Index91939593
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Business Support Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 1,500GHS 2,700GHS 6,000GHS 10,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-252012-07-102013-01-232013-03-07
Loan Term (Months)6.0 months4.0 months3.1 months3.0 months6.0 months
Grace Period (Months)-0.1 months-0.1 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 405GHS 621GHS 1,080GHS 1,800GHS 4,050
True Price by Comp         
Interest price component77.3%91.9%83.8%86.1%75.3%
Fee Component11.4%15.7%18.5%19.1%11.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component16.0%18.5%16.6%17.0%15.4%
Full APR (int fee ins tax dep)104.7%126.1%118.9%122.2%101.7%
Transparency Index5748504959
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Avance Sur Salaire Price Graphs


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Business Support Loan 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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X Axis
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