2. FMB
Please note that the information you are viewing is 153 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. COOPEDU
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

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 153 months

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 137 months
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Product

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Product Summary

Number borrowers1,500
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)1 - 6
Other Services (text summary)Credit Ins, Tech Asst Visits
Annual Interest & Method24.0%-36.0% annual, Flat
Fees232.40-6,474.00 upfront 100.00-325.00 upfront
Insurance16.25-591.50 upfront
Tax0.50% loan amt
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component77.5% - 85.5% (Int+Fee)
Insurance Component1.5% - 35.2%
Tax Component Range5.5% - 7.7%
Full APR (int fee ins tax dep)92.7% - 102.3%
Transparency Index (min/max)22 - 26
Transparency Index (average)25

Product Summary

266
RWF 150,000 - 3,500,000
6 - 24
20.40% annual, Decl Bal
1.00% upfront
0.09%-6.02% upfront
18.00% fees
N/A
 
16.7% - 48.1%
0.7% - 4.8%
0.4% - 2.8%
0.1% - 1.2%
21.5% - 22.5%
0 - 95
92

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 25,000,000
Portfolio (USD)USD 598,086.12
Active Clients with Loans1,500
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual micro-enterprise loan
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 insurancex
Workplace visitsx
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 group
Other
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 (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

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

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

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesRandomly selected by the bank's system
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionBank ChargeProcessing Fee
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min232.40100
Fixed amount - max6,474325
Reason for variationN/a
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMortgage Redemption Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min16.25
Fixed amount - max591.50
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Bank charge = .83% of loan amount x loan term. Processing Fee = P1 or .25% of loan amount (for 4, and up). Insurance Fee = P2 for every P1 for 3 month loan (based on table of fees. Tax (Gross Receipts Tax) = 5% of accrued interest fee and fees (except insurance). Tax (Doc. Stamp) = P1 for every P2 per annum. For savings, opening account balance is P2. No deposit is required prior to disbursement. It is assumed that savings have been accumulated from previous loan cycles. Weekly savings required is 1% of loan amount / # of weeks

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

Full Pricing Data

Unlad samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 7,000PHP 13,000PHP 30,000PHP 60,000PHP 90,000PHP 130,000
Loan Cycle (1, 2, 3, etc)2Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-272011-05-202011-05-062011-06-032011-04-082011-03-11
Loan Term (Months)4.0 months3.0 months3.0 months5.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component85.5%81.0%77.5%77.7%78.3%78.7%
Insurance Component1.5%2.1%2.1%2.0%2.0%2.0%
Tax Component5.9%7.7%7.4%5.5%5.7%5.7%
Deposit Component9.4%6.0%5.7%8.5%8.9%8.6%
Full APR (int fee ins tax dep)102.3%96.8%92.7%93.7%94.9%95.1%
Transparency Index232526262525
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

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
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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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