COOPEC ZAMUKA - Group Loan - MFTransparency.org Truth In Lending Tables

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Institution

COOPEC ZAMUKA Kicukiro-Centre, Secteur Gatenga, District KicukiroKIGALI6401

Data approved: 2011-10-26

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 7,565,484
Portfolio (USD)	USD 12,823
Active Clients with Loans	100
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This is a loan given to groups for a variety of purposes\r

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan	x
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 100,000
Maximum loan size	1,300,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	8.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	2.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Commission	Frais d'Etudes du Dossiers
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	2,000
Fixed amount - max	0	15,000
Reason for variation
Appears on Repayment Sched?	No	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 for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - N/A
or, Fixed-amount deposited	0 - N/A

Deposits DURING period payments

% loan amount deposited	10.00% - N/A
or, Fixed-amount deposited	0 - N/A
Conditions on access to deposit

Interest Paid on Deposit

Minimum interest rate paid	4.00%
Maximum interest rate paid	4.00%
Interest payment frequency

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	RWF 100,000	RWF 100,000	RWF 250,000	RWF 300,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-09-07	2012-06-01	2012-07-21
Loan Term (Months)	8.0 months	8.0 months	8.0 months	10.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	65.0%	63.8%	57.0%	62.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	17.2%	16.6%	12.0%	13.4%
Full APR (int fee ins tax dep)	82.2%	80.5%	68.9%	75.4%
Transparency Index	37	37	44	40

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Group Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AMF	220,100	173,814,000	9	127
FONDEP	128,949	106,544,937	6	121
AMSSF	13,700	9,079,000	5	127
INMAA	10,494	4,436,410	4	127
ARDI	10,118	4,805,317	2	127
AMOS	2,700	716,000	2	127

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

	X Axis
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Total Borrrowers of Samples


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By Country

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