Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Ahorro y Credito la Benefica La Concordia Santo DomingoEl Carmen, Manabi
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established1994
Head of InstitutionFredy Yugcha Toala
Regions active
# Branches3

Total Portfolio (nat'l)USD 8,513,791
Total Portfolio (USD)USD 8,513,791
Active clients with loans3,278
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

1,478 Borrowers
USD 3,555,876 Portfolio
Active Product
140 Borrowers
USD 446,596 Portfolio
Active Product
241 Borrowers
USD 1,252,680 Portfolio
Active Product
85 Borrowers
USD 1,951,574 Portfolio
Active Product
566 Borrowers
USD 752,882 Portfolio
Active Product
22 Borrowers
USD 522,903 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo USD 100 - 30,000 6 - 36 40% - 60% 60% - 80% Any Purpose Women, Men, Salaried worker
Credi Grupo USD 200 - 800 6 - 10 60% - 80% 20% - 40% Any Purpose Women, Men
Microcrédito Avanzar USD 3,001 - 10,000 6 - 36 80% - 100% 60% - 80% Business Women, Men, Have business
Microcrédito Fácil USD 100 - 5,000 1 40% - 60% 80% - 100% Business, Other Women, Men, Have business
Microcrédito Nacer USD 100 - 3,000 6 - 18 80% - 100% 60% - 80% Business Women, Men, Have business Credit Educ, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo 14.4% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 14% - 14.6% 15.3% - 16.1% 91
Credi Grupo 23.2% annual, Decl Bal 1 Fee 0 Ins None 10.00% ongoing 23.6% 26.2% 89
Microcrédito Avanzar 19.6% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 19.6% - 20.4% 20.9% - 21.8% 92
Microcrédito Fácil 20.0% annual, Decl Bal 0 Fees 0 Ins None N/A 20.3% 20.3% 99
Microcrédito Nacer 20.9% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 21.1% - 21.2% 22.7% - 23.1% 91
Institution Price Graph
Please note that the information you are viewing is 131 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Amret Microfinance Institution # 35BA, St.169, Sangkat Veal VongKhan 7 MakaraPhnom Penh, Cambodia855
Data approved: 2013-05-21
Data version: 3
Age of data: 131 months

Product

Business Loan (KHR) Product 2 of 8 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (KHR)KHR 41,361,147,000
Portfolio (USD)USD 10,471,176.46
Active Clients with Loans21,754
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
A business loan is for individuals setting up a new business or expanding an existing enterprise. It is an ideal way for small and medium scale entrepreneurs to gain access to the capital they need.
Loan Purpose
Any purpose
Income generationx
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 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 institution18
# Regions for this product18
Regions ActiveBanteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo

Loan Conditions

Loan Amount
CurrencyKHR
Minimum loan sizeKHR 1,000,000
Maximum loan size40,000,000
Distribution at Disbursement (Est.)
Loans less than KHR 1,000,0005%
KHR 1,000,000-3,500,00050%
KHR 3,500,000-6,000,00010%
KHR 6,000,000-8,000,00010%
KHR 8,000,000-10,000,00010%
Greater than KHR 10,000,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average16.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months20%
Grace Period
Grace period usage50%
Average grace period2.0 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

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest3.50%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 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
Additional Comments
Grace period depends on the cash flow of the client.

Full Pricing Data

Business Loan (KHR) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKHR 1,200,000KHR 1,200,000KHR 4,000,000KHR 7,000,000KHR 10,000,000KHR 12,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-182013-02-182013-02-052012-12-192011-11-072013-03-06
Loan Term (Months)12.0 months12.0 months19.0 months24.0 months24.0 months24.0 months
Grace Period (Months)3.1 months3.1 months3.9 months0.0 months-0.1 months0.1 months
Total Cost of CreditKHR 299,200KHR 299,200KHR 1,372,100KHR 2,365,000KHR 3,130,400KHR 4,094,200
True Price by Comp           
Interest price component36.7%36.7%34.0%32.2%29.9%32.0%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)36.7%36.7%34.0%32.2%29.9%32.0%
Transparency Index8282889310094
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Business Loan (KHR) Price Graphs


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