2. Fortaleza
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 123 months
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Product

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Product Details


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (BOB)BOB 68,051
Portfolio (USD)USD 10,081.63
Active Clients with Loans5
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Description
Es un crédito para refaccionar o remodelar la vivienda
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherVivienda
Other (2)
Eligibility
Menx
Womenx
Must run a businessx
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 institution6
# Regions for this productN/A
Regions Active
  2. FINCOOP
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

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 136 months
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Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established2004
Head of InstitutionKingsley Mulewa
Regions activeLilongwe, Mchinji, Salima, Mzimba, Blantyre
# Branches5

Total Portfolio (nat'l)MWK 106,822,473.20
Total Portfolio (USD)USD 273,903.78
Active clients with loans4,221
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsMUSCCO, MAMN
FundersHivos, Cordaid, MUSSCO

Loan Products » Summary

Mpamba
584 Borrowers
USD 87,645.46 Portfolio
Active Product
Mwai wa Mayi
1,240 Borrowers
USD 32,650.35 Portfolio
Active Product
Phindu
800 Borrowers
USD 34,888.54 Portfolio
Active Product
Pompopompo
122 Borrowers
USD 3,565.86 Portfolio
Active Product
Umphawi
423 Borrowers
USD 39,546.22 Portfolio
Active Product
Payroll
562 Borrowers
USD 69,686.92 Portfolio
Active Product
Uchikumbe (Agriculture Loan)
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Mpamba (Individual Business Loan) MWK 6,000 - 1,500,000 3 - 12 40% - 60% 60% - 80% Business, Housing, Consumer, Education Women, Men, Have business, Have home or land Credit Educ, Credit Ins, Business Training
Mwai wa Mayi (Female Group Loan) MWK 5,000 - 500,000 6 80% - 100% 60% - 80% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Phindu (Group Business) MWK 5,000 - 500,000 6 - 12 20% - 40% 20% - 40% Business Women, Men, Have business, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Business Training
Pompopompo (Emergency Loan) MWK 1,120 - 30,000 2 - 5 40% - 60% 80% - 100% Other Women, Men, Have business, Salaried worker Credit Educ, Credit Ins
Umphawi (Share Oriented Loan) MWK 5,000 - 1,500,000 3 - 12 0% - 20% 20% - 40% Any Purpose Women, Men, Have business, Salaried worker
Payroll Loan MWK 5,000 - 1,500,000 3 - 12 20% - 40% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Educ

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Mpamba (Individual Business Loan) 32.00%-42.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 60.1% - 78.9% 187.8% - 297% 12
Mwai wa Mayi (Female Group Loan) 45.00% annual, Flat 1 Fee 1 Ins None 33.33% upfront 82.1% - 82.8% 177% - 177.8% 25
Phindu (Group Business) 45.00% annual, Flat 1 Fee 1 Ins None 33.33% upfront 82.3% - 83.4% 176.4% - 179.8% 25
Pompopompo (Emergency Loan) 36.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 79.4% - 83.5% 298.2% - 308.4% 11
Umphawi (Share Oriented Loan) 42.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 74.8% - 79% 233.9% - 303.8% 15
Payroll Loan 38.00% annual, Flat 1 Fee 1 Ins None 50.00% upfront 68.8% - 74% 223.1% - 291.3% 16
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Key Statistics
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# 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
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