Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.coopedu.rw/
Year established1997
Head of InstitutionMurebwayire Denise
Regions activeGasabo, Kicukiro
# Branches7

Total Portfolio (nat'l)RWF 4,756,395,805
Total Portfolio (USD)USD 7,549,834.61
Active clients with loans2,029
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliationsAMIR
Funders

Loan Products » Summary

266 Borrowers
USD 234,227 Portfolio
Active Product
338 Borrowers
USD 245,613 Portfolio
Active Product
169 Borrowers
USD 153,819 Portfolio
Active Product
81 Borrowers
USD 38,464 Portfolio
Active Product
994 Borrowers
USD 6,307,562 Portfolio
Active Product
25 Borrowers
USD 136,324 Portfolio
Low Volume Product
48 Borrowers
USD 222,359 Portfolio
Low Volume Product
26 Borrowers
USD 23,170 Portfolio
Low Volume Product
25 Borrowers
USD 1,351 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
Avance Sur Salaire RWF 150,000 - 3,500,000 6 - 24 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker
Credit Femmes Entrepreneurs RWF 300,000 - 2,000,000 6 - 12 80% - 100% 80% - 100% Business Women, Have business, Must be a COOPEDU member for at least 1 month.
Credit Group D'Epargne Et Credit RWF 300,000 - 2,400,000 4 - 12 80% - 100% 80% - 100% Business Women
Credit Minerval RWF 100,000 - 2,000,000 3 - 12 80% - 100% 80% - 100% Education Women, Men Credit Educ, Other Training
Credit Ordinaire RWF 500,000 - 30,000,000 12 - 60 60% - 80% 80% - 100% Business, Housing, Consumer Women, Men Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Avance Sur Salaire 20.40% annual, Decl Bal 1 Fee 1 Ins 18.00% fees N/A 20.8% - 21.6% 21.5% - 22.5% 92
Credit Femmes Entrepreneurs 12.96% annual, Flat 1 Fee 1 Ins 18.00% fees 20.00% upfront 24.7% - 25% 49.2% - 83.5% 18
Credit Group D'Epargne Et Credit 26.00% annual, Flat 1 Fee 2 Ins 18.00% fees 10.00% upfront 49.8% - 51.4% 70% - 74.2% 36
Credit Minerval 16.80% annual, Decl Bal 1 Fee 1 Ins 18.00% fees N/A 18.2% - 21.6% 19% - 22.9% 81
Credit Ordinaire 20.40% annual, Decl Bal 1 Fee 1 Ins 18.00% fees N/A 21% - 22.1% 21.7% - 22.9% 91
Institution Price Graph
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 135 months

Product

Credit Minerval Product 7 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 24,232,424
Portfolio (USD)USD 38,464
Active Clients with Loans81
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux membres de la COOPEDU pour payer les minervals (primaire, secondaire, universite). La garantie peut etre un bien meuble ou immeuble
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution2
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00030%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest1.40%
Highest quoted nominal interest1.40%
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 - min0.04%
% of loan amount - max1.12%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 calcs have used insurance rates applicable to a 30 year old client

Full Pricing Data

Credit Minerval samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountRWF 107,400RWF 233,900RWF 480,000RWF 975,000RWF 2,000,000
Loan Cycle (1, 2, 3, etc)11111
Disbursement Date2012-03-062012-05-032012-04-272012-05-312012-04-23
Loan Term (Months)4.1 months6.0 months8.0 months12.0 months18.0 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditRWF 5,193.64RWF 14,809.67RWF 37,625.93RWF 106,224.14RWF 311,506
True Price by Comp         
Interest price component16.8%16.7%16.8%16.8%16.9%
Fee Component4.8%3.5%2.8%1.9%1.3%
Insurance Component0.4%0.4%0.4%0.4%0.4%
Tax Component0.9%0.7%0.5%0.4%0.4%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.9%21.3%20.5%19.5%19.0%
Transparency Index7379828689
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Credit Minerval Price Graphs


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# Countries
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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