Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fondeco.org/ |
Year established | 1995 |
Head of Institution | María Eugenia Moscoso |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
# Branches | 17 |
Total Portfolio (nat'l) | BOB 165,584,807 |
Total Portfolio (USD) | USD 24,531,082.52 |
Active clients with loans | 14,200 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | INAFI, Grameen, FINRURAL |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fondos Comunales | BOB 500 - 15,000 | 1 - 12 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Cada grupo deber estar compuesto por al menos 75% de mujeres | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Microcredito - USD | USD 500 - 105,000 | 3 - 60 | 0% - 20% | 0% - 20% | Business, Agriculture, Housing, Consumer | Women, Men | Credit Ins | |||||||
Microcredito - BOB | BOB 3,500 - 735,000 | 3 - 84 | 0% - 20% | 0% - 20% | Business, Agriculture, Housing, Consumer, Education | Women, Men | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fondos Comunales | 27.0%-32.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0%-15.0% upfront 15.00% ongoing | 34.5% - 36.2% | 41.6% - 55.9% | 56 | ||||||||
Microcredito - USD | 13.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | 15.00% Principal | N/A | 25.3% - 28.7% | 26% - 29.3% | 47 | ||||||||
Microcredito - BOB | 13.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 16.2% - 25.1% | 16.3% - 25.7% | 62 |
Outstanding portfolio (MAD) | MAD 775,008,000 |
Portfolio (USD) | USD 91,177,411.76 |
Active Clients with Loans | 148,447 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Financement du fonds de roulement ou d'investissement |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Formation Initiale pour les nouveaux clients |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | Jouir d'une bonne moralité |
# Regions for this institution | 12 |
# Regions for this product | 12 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
Currency | MAD |
Minimum loan size | MAD 3,000 |
Maximum loan size | 20,000 |
Loans less than MAD 5,000 | 10% |
MAD 5,000-15,000 | 70% |
MAD 15,000-25,000 | 20% |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 30.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 50% |
Longer than 18 months | 15% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.10% |
Highest quoted nominal interest | 2.10% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Frais de dossier | Commission d'accompagnement solidaire (CAS) | |
% of loan amount - min | 0 | 1.50% | |
% of loan amount - max | 0 | 1.50% | |
OR, Fixed amount - min | 125 | 0 | |
Fixed amount - max | 125 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 3,000 | MAD 5,000 | MAD 10,000 | MAD 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-04 | 2013-04-26 | 2013-03-28 | 2013-04-18 | |||
Loan Term (Months) | 9.0 months | 12.0 months | 13.0 months | 23.0 months | |||
Grace Period (Months) | 0.4 months | 0.3 months | 0.4 months | 0.4 months | |||
Total Cost of Credit | MAD 482 | MAD 875 | MAD 1,822 | MAD 5,786 | |||
True Price by Comp | |||||||
Interest price component | 25.5% | 25.6% | 25.6% | 25.5% | |||
Fee Component | 15.2% | 8.4% | 5.1% | 2.4% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 40.7% | 34.0% | 30.7% | 27.9% | |||
Transparency Index | 62 | 74 | 82 | 90 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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