| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | http://www.coopnacional.com/ |
| Year established | 1978 |
| Head of Institution | Jorge Jácome Galarza |
| Regions active | |
| # Branches | 0 |
| Total Portfolio (nat'l) | USD 26,120,056.84 |
| Total Portfolio (USD) | USD 26,120,056.84 |
| Active clients with loans | 30,747 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | Red Financiera Rural |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumo | USD 300 - 20,000 | 12 - 36 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | ||||||||
| Microcrédito | USD 300 - 20,000 | 12 - 36 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumo | 13.2% annual, Decl Bal | 0 Fees | 0 Ins | None | 33.3% upfront | 13.4% | 15.1% | 88 | ||||||||
| Microcrédito | 20.1%-21.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 33.3% upfront | 20.3% - 21.3% | 22.8% - 23.9% | 84 |
| Outstanding portfolio (KES) | KES 14,608,761 |
| Portfolio (USD) | USD 176,434.31 |
| Active Clients with Loans | 865 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | KES |
| Minimum loan size | KES 20,000 |
| Maximum loan size | 300,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 1.60% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | Collateral |
| 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 | Legal Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 100 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Loan Application & Insurance 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? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0.01% |
| Maximum interest rate paid | 0.03% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | KES 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | KES 300,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2009-10-02 | 2009-10-15 | 2009-10-02 | 2009-10-02 | 2009-10-15 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (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 | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 53.0% | 48.8% | 48.6% | 48.5% | 48.4% | ||||
| 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 | 34.8% | 31.8% | 31.6% | 31.5% | 31.5% | ||||
| Full APR (int fee ins tax dep) | 87.8% | 80.6% | 80.2% | 80.0% | 79.9% | ||||
| Transparency Index | 22 | 24 | 24 | 24 | 24 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # Borrowers | |
| 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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