Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://coopsanjose.fin.ec/ |
Year established | 1964 |
Head of Institution | José Guillen Sierra |
Regions active | |
# Branches | 6 |
Total Portfolio (nat'l) | USD 30,756,404.80 |
Total Portfolio (USD) | USD 30,756,404.80 |
Active clients with loans | 10,594 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Anticipo de Sueldo | USD 20 - 305 | 3 | 0% - 20% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Consumo | USD 100 - 20,000 | 3 - 84 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Microcredito Grupal Pago al Vencimiento | USD 600 - 1,600 | 6 - 12 | 40% - 60% | 0% - 20% | Business, Capital de Trabajo | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Microcredito Grupal Pago Mensual | USD 400 - 4,000 | 6 - 24 | 40% - 60% | 0% - 20% | Business, Capital de Trabajo | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Microcredito Individual | USD 100 - 20,000 | 3 - 72 | 0% - 20% | 40% - 60% | Business | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Anticipo de Sueldo | 12.9% annual, Decl Bal | 1 Fee | 0 Ins | None | 1.00% ongoing 2.00 ongoing | 13.1% | 13.6% | 95 | ||||||||
Consumo | 12.9% annual, Decl Bal | 1 Fee | 0 Ins | None | 1.00% ongoing 2.00 ongoing | 13.1% | 13.6% - 13.8% | 94 | ||||||||
Microcredito Grupal Pago al Vencimiento | 18.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 12.00 ongoing | 18.3% - 18.5% | 18.9% | 95 | ||||||||
Microcredito Grupal Pago Mensual | 18.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 1.00% ongoing 2.00 ongoing | 18.2% - 18.3% | 18.9% - 19.1% | 94 | ||||||||
Microcredito Individual | 18.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 6.7% upfront 1.00% ongoing 2.00 ongoing | 18.2% - 18.3% | 20.7% - 21.5% | 85 |
Outstanding portfolio (USD) | USD 194,380.77 |
Portfolio (USD) | USD 194,380.77 |
Active Clients with Loans | 184 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 3,000 |
Loans less than USD 1,500 | 50% |
USD 1,500-5,000 | 50% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 18.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 6.0 months |
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 | 29.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Origination Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
USD 50 | Generated | 2014-11-01 | 12.0 months | N/A | USD 9.46 | 33.6% | 29.6% | 4.0% | 0.0% | 0.0% | 0.0% | 86 | - | |
USD 900 | Generated | 2014-11-01 | 12.0 months | N/A | USD 170.31 | 33.6% | 29.6% | 4.0% | 0.0% | 0.0% | 0.0% | 86 | - | |
USD 1,500 | Generated | 2014-11-01 | 12.0 months | N/A | USD 292.68 | 34.6% | 30.6% | 4.0% | 0.0% | 0.0% | 0.0% | 84 | - | |
USD 3,000 | Generated | 2014-11-01 | 12.0 months | N/A | USD 603.06 | 35.5% | 31.6% | 3.9% | 0.0% | 0.0% | 0.0% | 82 | - |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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