Codesarrollo - Credivivienda - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Codesarrollo Ladron de Guevara E13-408 Y BarcelonaQuito, Pichincha

Data approved: 2010-11-11

Data version: 1

Age of data: 170 months

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Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi

Data approved: 2013-09-23

Data version: 2

Age of data: 141 months

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Product

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Product

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Product Summary

Number borrowers	2,540
Loan Amount (range)	USD 1,000 - 25,000
Loan Term (range)	8 - 86
Other Services (text summary)	Credit Ins, Seguro de Desgravamen
Annual Interest & Method	10.0%-17.0% annual, Decl Bal
Fees	None
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	N/A
Fee Component	10.0% - 17.0% (Int+Fee)
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	10.0% - 17.0%
Transparency Index (min/max)	0 - N/A
Transparency Index (average)	71

Product Summary

6,820
KES 5,000 - 4,000,000,000
4 - 10

12.6%-13.5% annual, Flat
None
None
None
N/A

13.4% - 37.3%
0 - 11.0%
0 - 2.3%
0
27.2% - 27.3%
37 - 83
46

Product Details

Key Statistics

Outstanding portfolio (USD)	USD 12,587,370
Portfolio (USD)	USD 12,587,370
Active Clients with Loans	2,540
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Orientado a financiar la construcción de vivienda rural, urbana, urbana marginal, o la ampliación, terminación y mejoramiento de vivienda rural, urbana y urbana marginal.

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance
Other	Adquisicion, Construccion, Terminacion de vivienda
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other	Seguro de Desgravamen
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
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 institution	N/A
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 340,903,475
Portfolio (USD)	USD 4,117,191.73
Active Clients with Loans	6,820
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a means of financing insurance premium payments. The Bank finances the annual premium for the borrower and he/she pays the monthly instalments for the amount advanced.

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Can only be used for financing insurance premiums.
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

Men	x
Women	x
Must run a business
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 institution	8
# Regions for this product	8
Regions Active	Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 1,000
Maximum loan size	25,000

Loan Term and Grace Period

Shortest loan term	8.0 months
Longest loan term	86.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	4,000,000,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	40%
KES 50,000-150,000	40%
KES 150,000-250,000	10%
KES 250,000-350,000	5%
KES 350,000-450,000	5%
Greater than KES 450,000	5%

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	10.0 months
Approx average	7.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	10%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	10.00%
Highest quoted nominal interest	17.00%
Reason(s) why interest rate varies	Collateral, Loan Purpose, Por la fuente de pago
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	1.05%
Highest quoted nominal interest	1.13%
Reason(s) why interest rate varies	Loan Size, Client Risk
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Loan amounts and interest rates different for wholesale. The product is structured in a way that the client pays for one installment upfront. This is why the first installment is almost immediately after disbursement and since the policy acts as the security, the installment caters for the period between lodging the claim to insurance and payment in case of default.

Full Pricing Data

Credivivienda samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	USD 1,000	USD 2,150	USD 4,000	USD 8,000	USD 12,500	USD 16,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-06-23	2010-06-21	2010-05-21	2010-05-28	2010-06-15	2010-06-28
Loan Term (Months)	12.0 months	18.0 months	36.0 months	48.0 months	66.0 months	84.0 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	17.0%	14.0%	17.0%	14.0%	10.0%	14.0%
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	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	17.0%	14.0%	17.0%	14.0%	10.0%	14.0%
Transparency Index	59	71	59	71	100	71

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Full Pricing Data

Insurance Premium Finance Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 12,978	KES 28,126	KES 45,102	KES 101,957	KES 295,865
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-08-20	2013-09-03	2013-09-03	2013-09-03	2013-09-03
Loan Term (Months)	9.0 months	9.0 months	10.0 months	10.0 months	10.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	KES 1,362.69	KES 2,953.23	KES 4,735.71	KES 10,705.49	KES 31,065.82
True Price by Comp
Interest price component	27.2%	27.2%	27.3%	27.3%	27.3%
Fee Component	0.0%	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	27.2%	27.2%	27.3%	27.3%	27.3%
Transparency Index	46	46	46	46	46

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Credivivienda Price Graphs

Click to view Price Analysis Tool

Insurance Premium Finance Loan Price Graphs

Click to view Price Analysis Tool

Key Statistics
# 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Credivivienda samples

Full Pricing Data

Insurance Premium Finance Loan samples

Credivivienda Price Graphs

Insurance Premium Finance Loan Price Graphs

Total Borrowers of Samples

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