Cooperativa de Ahorra y Credito Nacional 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 Ahorra y Credito Nacional Ltda Capità n Najera 4210 y la 14Guayaquil, Guayas

Data approved: 2010-11-08

Data version: 1

Age of data: 170 months

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Institution Details

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

Loan Products » Summary

Consumo

5,393 Borrowers

USD 2,546,253.22 Portfolio

Active Product

Microcredito

25,354 Borrowers

USD 24,582,834.37 Portfolio

Active Product

Loan Products » Conditions

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

Loan Products » Pricing Information

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

Institution Price Graph

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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

Kenya Ecumenical Loan Fund (ECLOF) P.O. Box 34889Nairobi

Data approved: 2013-05-29

Data version: 2

Age of data: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (KES)	KES 6,484,680
Portfolio (USD)	USD 78,317.39
Active Clients with Loans	292
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Designed for agricultural purposes.

Loan Purpose

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

Included Services

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

Eligibility

Men	x
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	6
# Regions for this product	6
Regions Active	Central, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	200,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	80%
KES 50,000-150,000	20%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	9.0 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	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	20.00%
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	Loan Processing Fee
% 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?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Risk Management Fee
% 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?	Yes

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?

Full Pricing Data

Ukulima Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 10,000	KES 20,000	KES 50,000	KES 95,000	KES 200,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-04-11	2013-06-19	2013-05-01	2013-06-05	2013-05-24
Loan Term (Months)	12.0 months	5.8 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.7 months	0.7 months	0.7 months	0.7 months	0.7 months
Total Cost of Credit	KES 2,400.16	KES 2,800	KES 12,000	KES 22,800	KES 48,000
True Price by Comp
Interest price component	35.4%	34.6%	35.4%	35.4%	35.4%
Fee Component	4.1%	7.4%	4.1%	4.1%	4.1%
Insurance Component	4.1%	7.6%	4.1%	4.1%	4.1%
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)	43.6%	49.6%	43.6%	43.6%	43.6%
Transparency Index	46	40	46	46	46

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

Ukulima Loan Price Graphs

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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

	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

Ukulima Loan samples

Ukulima Loan Price Graphs

Total Borrowers of Samples

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