2. Ecofuturo
Please note that the information you are viewing is 131 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2013-12-31
Data version: 2
Age of data: 131 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.ecofuturo.com.bo/
Year established1998
Head of InstitutionJoaquin Fernando Mompo Siles
Regions activeBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija
# Branches9

Total Portfolio (nat'l)BOB 1,640,984,134
Total Portfolio (USD)USD 243,108,760.60
Active clients with loans59,512
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliationsASOFIN
Funders

Loan Products » Summary

Disponsible
48,785 Borrowers
USD 160,517,948.60 Portfolio
Active Product
DPF
4,888 Borrowers
USD 34,573,963 Portfolio
Active Product
Eco Viv BOB
880 Borrowers
USD 16,881,655.11 Portfolio
Active Product
Eco Viv USD
315 Borrowers
USD 5,152,482 Portfolio
Active Product
Eco Hag BOB
4,409 Borrowers
USD 9,713,484.89 Portfolio
Active Product
Retracted -Product
Retired Product
Indv BOB
Retired Product
Indv USD
Retired Product
Agro BOB
Retired Product
Agro USE
Retired Product
Consumo BOB
Retired Product
Consumo USD
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Eco - BOB BOB 350 - 3,500,000 3 - 120 20% - 40% 60% - 80% Business, Agriculture, Consumer, Education, Other Women, Men, Have business Credit Ins
Eco - USD USD 300 - 500,000 3 - 120 20% - 40% 60% - 80% Business, Agriculture, Consumer, Education, Other Women, Men, Have business Credit Ins
Eco - Vivienda (BOB) BOB 35,000 - 3,500,000 3 - 120 20% - 40% 60% - 80% Compra de Vivienda, Construcción Women, Men, Have business, Have home or land, Salaried worker Credit Ins
Eco - Vivienda (USD) USD 5,000 - 500,000 3 - 120 20% - 40% 60% - 80% Compra de Vivienda, Construcción Women, Men, Have business, Have home or land, Salaried worker Credit Ins
Eco - Hagar (BOB) BOB 3,500 - 68,600 3 - 48 20% - 40% 40% - 60% Construcción de Vivienda, Refacción, remodelación y ampliación Women, Men, Have business, Have home or land, Salaried worker Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Eco - BOB 10.0%-30.0% annual, Decl Bal 0 Fees 2 Ins None N/A 15% - 27.7% 16% - 29.3% 40
Eco - USD 9.2%-30.0% annual, Decl Bal 0 Fees 2 Ins None N/A 12% - 28.9% 13.8% - 30.5% 47
Eco - Vivienda (BOB) 6.0%-23.0% annual, Decl Bal 0 Fees 2 Ins None N/A 9.9% - 23.7% 11% - 24.8% 37
Eco - Vivienda (USD) 8.9%-26.0% annual, Decl Bal 0 Fees 2 Ins None N/A 11.4% - 25.7% 13.3% - 26.7% 47
Eco - Hagar (BOB) 11.0%-30.0% annual, Decl Bal 0 Fees 2 Ins None N/A 20.1% - 24.9% 21.1% - 26.6% 45
Institution Price Graph
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  2. NMB
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

National Microfinance Bank plc 9213Dar es salaamPO Box 255
Data approved: 2013-04-09
Data version: 2
Age of data: 136 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 118,500,000,000
Portfolio (USD)USD 74,528,301.89
Active Clients with Loans45,197
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These are micro-loans that range from TZS 100,000 to TZS 7,500,000 and are mostly used for working capital and low value investments.
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 insurancex
Workplace visitsx
Business trainingx
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
OtherLoan must be secured
Other (2)Applicant must be of 18 age and above
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution22
# Regions for this product26
Regions ActiveArusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kigoma, Kilimanjaro, Lindi, Manyara, MaraMbeya, Morogoro, Mtwara, Mwanza, Pemba North, Pemba South, Pwani, Rukwa, Ruvuma, ShinyangaSingida, Tabora, Tanga, Zanzibar Central/South, Zanzibar North, Zanzibar Urban/West

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00015%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months10%
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 interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life
% of loan amount - min0.75%
% of loan amount - max0.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?No

Full Pricing Data

MSE Loan samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 2,500,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)11Not KnownNot KnownNot Known
Disbursement Date2013-01-072013-02-042013-03-222013-04-082013-04-08
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months0.0 months0.0 months
Total Cost of CreditTZS 28,096.47TZS 39,327.44TZS 78,654.87TZS 355,537.90TZS 711,075.83
True Price by Comp         
Interest price component24.0%24.2%23.6%23.7%23.6%
Fee Component5.4%0.0%0.0%0.0%0.0%
Insurance Component2.7%2.7%2.6%1.5%1.4%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.1%26.9%26.2%25.2%25.0%
Transparency Index7589929596
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
MSE Loan Price Graphs


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% Products with compulsory deposits
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