Please note that the information you are viewing is 133 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: 133 months

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

48,785 Borrowers
USD 160,517,948.60 Portfolio
Active Product
DPF
4,888 Borrowers
USD 34,573,963 Portfolio
Active Product
880 Borrowers
USD 16,881,655.11 Portfolio
Active Product
315 Borrowers
USD 5,152,482 Portfolio
Active Product
4,409 Borrowers
USD 9,713,484.89 Portfolio
Active Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
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
Microloan Products offered in BOB0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessOtherLoan PurposeEcofuturoInstitutionBO-012-V02-P01BO-012-V02-P10BO-012-V02-P12ProductBOCountry2013YearRange Number2Institution Data Version050,000100,000150,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 4,8003,6002,4001,200100Number of Borrowers
Microloan Products offered in USD0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessOtherLoan PurposeEcofuturoInstitutionBO-012-V02-P02BO-012-V02-P11ProductBOCountry2013YearRange Number2Institution Data Version05,00010,00015,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 40020020Number of Borrowers
Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244
Data approved: 2013-02-22
Data version: 2
Age of data: 138 months

Product

Mkopo Pamoja - Trust Group Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 1,100,000,000
Portfolio (USD)USD 691,823.90
Active Clients with Loans3,536
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Mkopo Pamoja (Trust Group Loan) is Opportunity Tanzania's entry level Micro Business loan for groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
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 institution3
# Regions for this product3
Regions ActiveArusha, Dar es Salaam, Kilimanjaro

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00050%
TZS 350,000-1,250,00030%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term9.0 months
Approx average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.6 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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, Funeral, Property
% 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?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaFirst Loan Cycle Security Deposit required is equal to 1% of the loan amount.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Mkopo Pamoja - Trust Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountTZS 100,000TZS 250,000TZS 500,000TZS 1,000,000
Loan Cycle (1, 2, 3, etc)11Not Known3
Disbursement Date2013-02-192013-02-192013-02-142013-02-19
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.4 months0.4 months0.4 months0.5 months
Total Cost of CreditTZS 22,200TZS 53,100TZS 103,800TZS 210,000
True Price by Comp       
Interest price component65.6%62.0%61.2%60.8%
Fee Component7.7%7.7%7.7%7.6%
Insurance Component3.9%3.9%4.0%3.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component14.9%14.2%14.1%13.9%
Full APR (int fee ins tax dep)92.1%87.8%87.0%86.1%
Transparency Index39414142
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Mkopo Pamoja - Trust Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeOpportunityInstitutionTZ-012-V02-P01ProductTZCountry2013YearRange Number2Institution Data Version0200,000400,000600,000800,0001,000,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 1,7001,30080040040Number of Borrowers
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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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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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