Cooperativa de Ahorro y Credito Ambato Ltda - 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

Institution

Cooperativa de Ahorro y Credito Ambato Ltda Lalama 08-51 y Juan B VelaAmbato, Tungurahua

Data approved: 2010-11-08

Data version: 1

Age of data: 170 months

Download Data

Analyze Data

Institution Details

Institution Type	Credit Union / Cooperative
Is this institution regulated?	No
Website address	N/A
Year established	2003
Head of Institution	JOSE SANTOS CHANGO UÑOG
Regions active
# Branches	6

Total Portfolio (nat'l)	USD 16,830,803
Total Portfolio (USD)	USD 16,830,803
Active clients with loans	5,308
Approximate % female clients	20% - 40%
Approximate % urban clients	0% - 20%
Network affiliations
Funders

Loan Products » Summary

Consumo

595 Borrowers

USD 1,816,861 Portfolio

Active Product

Microcredito

760 Borrowers

USD 14,598,939 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Consumo		USD 200 - 20,000		2 - 30		20% - 40%		0% - 20%		Business, Housing, Consumer, Education, Other		Women, Men		Credit Educ
Microcredito		USD 400 - 50,000		4 - 30		0% - 20%		0% - 20%		Business, Housing, Consumer, Education, Other		Women, Men		Credit Educ

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Consumo		15.2%-18.0% annual, Decl Bal		0 Fees		0 Ins		None		10.0% upfront		13.3% - 15.4%		15.7% - 18.3%		87
Microcredito		18.0% annual, Decl Bal		0 Fees		0 Ins		None		10.0% upfront		15.4% - 23.1%		18.2% - 27.1%		77

Institution Price Graph

Click to view Price Analysis Tool

Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292

Data approved: 2013-01-04

Data version: 2

Age of data: 143 months

Download Data

Analyze Data

Product

Mwai wa Mayi (Female Group Loan) Product 2 of 7 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 12,733,636.55
Portfolio (USD)	USD 32,650.35
Active Clients with Loans	1,240
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking	x
Self help group
Other

Description

Group loan for women in urban and rural areas. This loan targets small and medium entrepreneurs only.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

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

Eligibility

Men
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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Lilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 5,000
Maximum loan size	500,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	90%
MWK 50,000-150,000	10%
MWK 150,000-250,000	0
MWK 250,000-350,000	0
MWK 350,000-450,000	0
Greater than MWK 450,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	DK

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	45.00%
Highest quoted nominal interest	45.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Premium
% 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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	33.33%
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	End Term

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?

Full Pricing Data

Mwai wa Mayi (Female Group Loan) samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	MWK 12,000	MWK 25,000	MWK 48,000	MWK 130,500	MWK 294,000	MWK 271,000
Loan Cycle (1, 2, 3, etc)	3	3	3	3	3	3
Disbursement Date	2012-07-31	2012-07-31	2012-09-30	2012-09-30	2012-09-30	2012-09-30
Loan Term (Months)	6.0 months	6.0 months	6.0 months	6.0 months	6.0 months	6.0 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	MWK 3,300	MWK 6,875	MWK 13,200	MWK 35,888	MWK 80,850	MWK 74,525
True Price by Comp
Interest price component	71.1%	71.1%	71.7%	71.7%	71.7%	71.7%
Fee Component	11.0%	11.0%	11.1%	11.1%	11.1%	11.1%
Insurance Component	7.5%	7.5%	7.7%	7.7%	7.7%	7.7%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	87.4%	87.4%	87.3%	87.3%	87.3%	87.3%
Full APR (int fee ins tax dep)	177.0%	177.0%	177.8%	177.8%	177.8%	177.8%
Transparency Index	25	25	25	25	25	25

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

Mwai wa Mayi (Female Group 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 Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

Full Pricing Data

Mwai wa Mayi (Female Group Loan) samples

Mwai wa Mayi (Female Group Loan) Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources