Cooperativa de Ahorro y Credito la Benefica - Credi Grupo - 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 la Benefica La Concordia Santo DomingoEl Carmen, Manabi

Data approved: 2010-11-08

Data version: 1

Age of data: 170 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (USD)	USD 446,596
Portfolio (USD)	USD 446,596
Active Clients with Loans	140
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Credito de $100 a $800 a plazo de hasta 10 meses

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
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	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 200
Maximum loan size	USD 800

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	10.0 months
Approx average	6.0 months

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	23.21%
Highest quoted nominal interest	23.21%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Seguro de Desgravamen
% of loan amount - min	32.00%
% of loan amount - max	32.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

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	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	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Credi Grupo samples

	Sample 1	Sample 2	Sample 3
Loan Amount	USD 300	USD 300	USD 300
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-09-15	2010-09-14	2010-09-14
Loan Term (Months)	8.0 months	8.0 months	8.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	23.6%	23.6%	23.6%
Insurance Component	0.9%	0.9%	0.9%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	1.7%	1.7%	1.7%
Full APR (int fee ins tax dep)	26.2%	26.2%	26.2%
Transparency Index	89	89	89

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

Credi Grupo Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	141
Adok Timo	4,200	570,000	4	172
BIMAS	11,100	4,679,000	7	141
ECLOF Kenya	20,500	5,455,000	8	141
Equity Bank	135,500	94,746,000	9	141
Family Bank	43,200	90,700,000	5	172
Jamii Bora	2,400	3,374,000	4	141
Juhudi Kilimo	10,400	4,436,000	2	141
KADET	12,900	5,402,000	4	141
K-Rep	0	0	0	141
K-Rep Bank	65,000	28,743,000	4	172
KWFT DTM	294,600	165,982,000	6	141
LKL	13,100	9,311,000	10	133
MKL	18,200	5,989,000	6	117
Opportunity Kenya	9,100	4,866,000	5	141
PAWDEP	40,900	7,133,000	2	141
RAFODE	2,900	356,000	1	141
SISDO	7,300	3,657,000	11	141
Yehu	14,000	3,149,000	11	141

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
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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