2. Urwego
  2. COAC LaBenefica
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Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 1900-01-00
Data version: 3
Age of data: -   months 
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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: 164 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.uob.rw/
Year established1997
Head of InstitutionTineyi Emmanuel Mawocha
Regions activeBugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza, Nyarugenge, Nyaruguru, Rubavu, Ruhango, Rulindo, Rusizi, Rutsiro, Rwamagana
# Branches36

Total Portfolio (nat'l)RWF 9,442,026,780
Total Portfolio (USD)USD 14,753,166.84
Active clients with loans38,207
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsOpportunity International, Hope International, World Relief
FundersMasterCard Foundation, Gates Foundation, Credit Suisse, European Union

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

Adv CB
4,400 Borrowers
USD 2,415,381.41 Portfolio
Active Product
Community
31,626 Borrowers
USD 5,853,689.15 Portfolio
Active Product
Idv Business
1,331 Borrowers
USD 4,953,276.75 Portfolio
Active Product
Sol Grp
348 Borrowers
USD 238,999.72 Portfolio
Active Product
Micro Con
255 Borrowers
USD 136,876.71 Portfolio
Active Product
Cash
0 Borrowers
USD 1,156,975.32 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 » Summary

Consumo
1,478 Borrowers
USD 3,555,876 Portfolio
Active Product
Grupo
140 Borrowers
USD 446,596 Portfolio
Active Product
Avanzar
241 Borrowers
USD 1,252,680 Portfolio
Active Product
Facil
85 Borrowers
USD 1,951,574 Portfolio
Active Product
Nacer
566 Borrowers
USD 752,882 Portfolio
Active Product
Plus
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
Advanced Community Banking RWF 250,000 - 3,000,000 6 - 12 60% - 80% 40% - 60% Business, Other Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Community Banking RWF 30,000 - 1,500,000 4 60% - 80% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Micro Individual/Business Loan RWF 250,000 - 60,000,000 8 - 60 20% - 40% 20% - 40% Business, Agriculture, Housing, Consumer, Education Women, Men Business Training
New Solidarity Group RWF 250,000 - 6,000,000 6 - 24 60% - 80% 80% - 100% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Micro Consumer Loans RWF 50,000 - 5,000,000 3 - 36 20% - 40% 20% - 40% Consumer, Education, Other Women, Men, Salaried worker

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
Advanced Community Banking 24.0% annual, Flat 1 Fee 1 Ins 18.00% fees 10.0% upfront 43.4% - 50.1% 53% - 60.9% 42
Community Banking 24.0% annual, Flat 1 Fee 1 Ins 18.00% fees 10.0% upfront 47.4% - 54.7% 59.1% - 67.8% 37
Micro Individual/Business Loan 10.0%-20.0% annual, Decl Bal 1 Fee 1 Ins 18.00% fees N/A 21.3% - 22.9% 22.1% - 24.5% 43
New Solidarity Group 18.0% annual, Flat 1 Fee 1 Ins 18.00% fees 15.0% upfront 44.2% 60.6% 30
Micro Consumer Loans 18.0%-20.0% annual, Decl Bal 1 Fee 0 Ins None N/A 22.1% - 25.9% 22.1% - 25.9% 75

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Advanced Community Banking 24.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 10.0% upfront 43.4% - 50.1% 53% - 60.9% 42
Community Banking 24.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 10.0% upfront 47.4% - 54.7% 59.1% - 67.8% 37
Micro Individual/Business Loan 10.0%-20.0% annual, Decl Bal 1 Fee 1 Ins Ins 18.00% fees N/A 21.3% - 22.9% 22.1% - 24.5% 43
New Solidarity Group 18.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 15.0% upfront 44.2% 60.6% 30
Micro Consumer Loans 18.0%-20.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 22.1% - 25.9% 22.1% - 25.9% 75

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 Ins None 5.00 ongoing 14% - 14.6% 15.3% - 16.1% 91
Credi Grupo 23.2% annual, Decl Bal 1 Fee 0 Ins Ins None 10.00% ongoing 23.6% 26.2% 89
Microcrédito Avanzar 19.6% annual, Decl Bal 1 Fee 0 Ins 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 Ins None N/A 20.3% 20.3% 99
Microcrédito Nacer 20.9% annual, Decl Bal 1 Fee 0 Ins Ins None 5.00 ongoing 21.1% - 21.2% 22.7% - 23.1% 91
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Key Statistics
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# Borrowers
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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