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 (KES) | KES 127,993,040.70 |
Portfolio (USD) | USD 1,545,809.67 |
Active Clients with Loans | 2,298 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
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 | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
Currency | KES |
Minimum loan size | KES 1 |
Maximum loan size | 1,000,000 |
Loans less than KES 50,000 | 10% |
KES 50,000-150,000 | 10% |
KES 150,000-250,000 | 20% |
KES 250,000-350,000 | 20% |
KES 350,000-450,000 | 20% |
Greater than KES 450,000 | 20% |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 50% |
Grace period usage | 100% |
Average grace period | 1.5 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 | 1.94% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
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 | Disbursement Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 1,000 |
Reason for variation | Varies based on method of loan disbursement. |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Administration 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? | No |
Ins 1 | |
---|---|
Description | Insurance 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 9,300 | KES 22,072.17 | KES 50,000.29 | KES 89,100 | KES 299,999.98 | KES 419,199.98 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-06-07 | 2013-05-08 | 2013-06-13 | 2013-07-05 | 2013-08-02 | 2013-04-15 | |||||
Loan Term (Months) | 26.0 months | 50.0 months | 50.0 months | 50.0 months | 51.0 months | 50.0 months | |||||
Grace Period (Months) | 1.7 months | 1.6 months | 1.5 months | 1.7 months | 1.8 months | 1.4 months | |||||
Total Cost of Credit | KES 6,847.03 | KES 34,293.59 | KES 77,560.23 | KES 145,171.29 | KES 490,049.12 | KES 649,623.53 | |||||
True Price by Comp | |||||||||||
Interest price component | 47.0% | 49.4% | 49.8% | 51.1% | 51.0% | 50.0% | |||||
Fee Component | 2.8% | 1.0% | 1.0% | 0.8% | 0.8% | 0.8% | |||||
Insurance Component | 1.1% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 50.9% | 50.9% | 51.3% | 52.4% | 52.3% | 51.4% | |||||
Transparency Index | 46 | 46 | 45 | 44 | 45 | 45 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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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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