2. Actuar Tolima
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCOOP
Please note that the information you are viewing is 137 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CORPORACION ACCION POR EL TOLIMA ACTUAR FAMIEMPRESAS Calle 18 No.6-16Ibague, Tolima
Data approved: 2011-03-15
Data version: 1
Age of data: 160 months

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 137 months
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Product

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Product

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Product Summary

Number borrowers1,455
Loan Amount (range)COP 300,000 - 13,390,000
Loan Term (range)3 - 36
Other Services (text summary)Credit Ins
Annual Interest & Method25.2%-29.5% annual, Decl Bal
Fees4.50%-7.50% ongoing
Insurance1.35%-2.77% upfront 1,210.00-11,400.00 ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component40.8% - 48.9% (Int+Fee)
Insurance Component2.5% - 7.0%
Tax Component Range0
Full APR (int fee ins tax dep)43.3% - 54.0%
Transparency Index (min/max)46 - 58
Transparency Index (average)53

Product Summary

423
MWK 5,000 - 1,500,000
3 - 12
42.00% annual, Flat
3.00% upfront
2.00% upfront
None
50.00% upfront
 
54.5% - 72.2%
5.6% - 18.8%
3.9% - 12.9%
0
233.9% - 303.8%
11 - 26
15

Product Details

Key Statistics
Outstanding portfolio (COP)COP 2,400,108,432
Portfolio (USD)USD 1,318,740.90
Active Clients with Loans1,455
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Fortalecer al microempresario tecnificando y modernizando sus procesos productivos por medio de la adquisión de activos.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherActivo Fijo
Other (2)
Included Services
Credit education
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 groupx
OtherSER UN PROCESO DE PRODUCCION, COMERCIO O SERVICIO
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 15,423,024.54
Portfolio (USD)USD 39,546.22
Active Clients with Loans423
Approximate % Female Clients0% - 20%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
this is a general loan product for both employeed and business individuals
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 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 institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 300,000
Maximum loan size13,390,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average18.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00030%
MWK 50,000-150,00020%
MWK 150,000-250,00010%
MWK 250,000-350,00010%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest2.10%
Highest quoted nominal interest2.46%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionHONORARIOS Y COMISIONES DECRETADAS POR EL CONSEJO SUPERIOR DE LA MICROEMPRESA (MiPYME)
% of loan amount - min4.50%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionAVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL
% of loan amount - min1.35%
% of loan amount - max2.77%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO DE DEUDOR Y SEGURO DE VIDA
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,210
Fixed amount - max11,400
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest42.00%
Highest quoted nominal interest42.00%
Interest rate periodYearly
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
Ins 1
DescriptionInsurance Premium
% 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
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited50.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositEnd Term
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

Activos Fijos samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,500,000COP 6,000,000COP 8,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-06-142011-06-102011-06-07
Loan Term (Months)12.0 months24.0 months18.0 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 Component48.9%40.8%41.0%
Insurance Component5.1%2.5%5.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)54.0%43.3%46.3%
Transparency Index475854
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Umphawi (Share Oriented Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 9,000MWK 35,000MWK 50,000MWK 100,000MWK 260,000
Loan Cycle (1, 2, 3, etc)41297
Disbursement Date2012-12-122012-09-182012-12-212012-09-062012-12-12
Loan Term (Months)5.0 months4.1 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 2,025MWK 6,650MWK 13,000MWK 47,000MWK 122,200
True Price by Comp         
Interest price component65.9%63.8%67.1%68.5%68.4%
Fee Component12.7%15.2%11.1%6.3%6.4%
Insurance Component8.8%10.4%7.6%4.4%4.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component207.3%214.4%201.5%155.1%154.8%
Full APR (int fee ins tax dep)294.7%303.8%287.3%234.3%233.9%
Transparency Index1414151818
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Activos Fijos Price Graphs


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Umphawi (Share Oriented 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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