| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://WWW.IDEPRO.ORG/ |
| Year established | 1991 |
| Head of Institution | Jose Morales Mauri |
| Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , PotosÃ, Santa Cruz, Tarija |
| # Branches | 15 |
| Total Portfolio (nat'l) | BOB 273,491,543 |
| Total Portfolio (USD) | USD 40,517,265.63 |
| Active clients with loans | 10,413 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promicro | BOB 350 - 140,000 | 1 - 72 | 20% - 40% | 60% - 80% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
| Procadena | BOB 1,000 - 610,000 | 1 - 120 | 20% - 40% | 0% - 20% | Business, Agriculture, Education | Women, Men, Have business | Credit Ins, Tech Asst Visits |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promicro | 12.0%-33.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 18.1% - 30% | 19.2% - 31.1% | 100 | ||||||||
| Procadena | 16.5%-33.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 17.7% - 25.6% | 18.3% - 26.4% | 81 |
| Outstanding portfolio (KES) | KES 29,217,522 |
| Portfolio (USD) | USD 352,868.62 |
| Active Clients with Loans | 2,984 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | KES |
| Minimum loan size | KES 6,400 |
| Maximum loan size | 500,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.60% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Legal Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 100 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Application & Insurance Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.01% |
| Maximum interest rate paid | 0.03% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | KES 300,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-01-21 | 2009-11-10 | 2009-10-15 | 2009-11-01 | 2009-10-01 | 2009-12-05 | |||||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 18.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 55.3% | 53.5% | 48.8% | 48.9% | 48.5% | 46.2% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 36.6% | 35.4% | 31.8% | 31.9% | 31.5% | 29.6% | |||||
| Full APR (int fee ins tax dep) | 91.9% | 89.0% | 80.6% | 80.8% | 80.0% | 75.8% | |||||
| Transparency Index | 21 | 22 | 24 | 24 | 24 | 25 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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