Institution # Borrowers Portfolio (US$) Products Age of Data
AB Bank300307,0002129
AMZ4,900651,0002129
CETZAM6,7002,210,0004129
Eclof Zambia200111,0004129
Empowerment1,500447,0005129
FINCA Zambia43,70016,420,000486
Harmos9,8001,398,0003129
Kungoma4318,0002129
MBT13,9001,563,0005129
Meanwood2,0001,766,0005129
PFSL1,3003,506,0003129
Zambia CRC301,0001129
Please note that the information you are viewing is 136 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: 136 months

Product

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Product Details

Key Statistics
Outstanding portfolio (USD)USD 752,882
Portfolio (USD)USD 752,882
Active Clients with Loans566
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos que se otorgan por valores desde $100.000 hasta $3.000,00 hasta 18 meses plazo
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
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

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size3,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average15.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest20.86%
Highest quoted nominal interest20.86%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
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 deposited0
or, Fixed-amount depositedUSD 5
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito Nacer samples
Sample 1Sample 2
Loan AmountUSD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-09-062010-08-23
Loan Term (Months)12.0 months15.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component21.2%21.1%
Insurance Component0.9%1.0%
Tax Component0.0%0.0%
Deposit Component1.0%0.6%
Full APR (int fee ins tax dep)23.1%22.7%
Transparency Index9092
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
Microcrédito Nacer Price Graphs


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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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