2. COAC LaBenefica
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
  2. BIMAS
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

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

Institution

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central
Data approved: 2013-07-16
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 borrowers241
Loan Amount (range)USD 3,001 - 10,000
Loan Term (range)6 - 36
Other Services (text summary)
Annual Interest & Method19.6% annual, Decl Bal
Fees0.40% upfront
InsuranceNone
TaxNone
Comp Dep5.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component19.6% - 20.4% (Int+Fee)
Insurance Component0 - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)20.9% - 21.8%
Transparency Index (min/max)0 - N/A
Transparency Index (average)92

Product Summary

177
KES 10,000 - 80,000
3 - 12
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
22.0% annual, Flat
2.00% upfront
2.50% upfront
None
25.0% upfront 100.00 ongoing
 
13.7% - 40.7%
0 - 10.7%
0 - 9.3%
0
81.1% - 122.3%
14 - 61
23

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,252,680
Portfolio (USD)USD 1,252,680
Active Clients with Loans241
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito de $3001 a $ 10.000,00 hasta 30 meses plazo
Loan Purpose
Any purpose
Income generationx
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 servicesx
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 3,016,153
Portfolio (USD)USD 36,426.97
Active Clients with Loans177
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Used for the payment of school fees.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 3,001
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00040%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest19.55%
Highest quoted nominal interest19.55%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 5
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito Avanzar samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 4,000USD 4,000USD 6,500USD 8,200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-09-032010-08-252010-08-312010-07-26
Loan Term (Months)18.0 months24.0 months30.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component20.4%19.6%19.9%19.9%
Insurance Component1.0%1.0%1.0%0.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.3%0.4%0.3%0.1%
Full APR (int fee ins tax dep)21.8%21.0%21.3%20.9%
Transparency Index90939294
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Hitimu Loan samples
Sample 1Sample 2Sample 3
Loan AmountKES 10,000KES 20,000KES 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-132013-06-242013-06-15
Loan Term (Months)6.0 months6.0 months12.0 months
Grace Period (Months)0.5 months0.0 months0.0 months
Total Cost of CreditKES 1,550KES 3,100KES 13,250
True Price by Comp     
Interest price component36.7%36.6%38.3%
Fee Component7.2%7.2%4.1%
Insurance Component9.3%9.2%5.2%
Tax Component0.0%0.0%0.0%
Deposit Component69.1%38.6%33.5%
Full APR (int fee ins tax dep)122.3%91.6%81.1%
Transparency Index182427
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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