2. COAC SantaAnita
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 Santa Anita Imbaubura 8-83 y Vicente RocafuerteCotacachi, Imbabura28034
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addresshttp://www.coacsantaanita.com/
Year established2001
Head of InstitutionEdison Caicedo
Regions active
# Branches4

Total Portfolio (nat'l)USD 2,536,758
Total Portfolio (USD)USD 2,536,758
Active clients with loans2,047
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsRed Financiera Rural, Ucacnor, Fecoac
Funders

Loan Products » Summary

Consumo
418 Borrowers
USD 468,714.90 Portfolio
Active Product
Agro
615 Borrowers
USD 777,883.75 Portfolio
Active Product
Microempresa
924 Borrowers
USD 1,214,168.88 Portfolio
Active Product
Inst
15 Borrowers
USD 26,257.46 Portfolio
Low Volume Product
Futuro
21 Borrowers
USD 12,667.21 Portfolio
Low Volume Product
Microflash
47 Borrowers
USD 32,971.73 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo USD 100 - 15,000 1 - 48 60% - 80% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Ins, Tech Asst Visits
Microagropecuario USD 100 - 15,000 1 - 48 40% - 60% 20% - 40% Business, Usar solo para capital de trabajo Women, Men Credit Ins, Tech Asst Visits
Microempresarial USD 100 - 15,000 1 - 49 40% - 60% 20% - 40% Business Women, Men, Tener calificacion hasta B en central de riesgos o buro de credito Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo 13.8% annual, Decl Bal 2 Fees 0 Ins None 6.7% upfront 5.00% ongoing 14% - 15.2% 15.6% - 22% 77
Microagropecuario 20.1%-25.0% annual, Decl Bal 2 Fees 0 Ins None 6.7% upfront 20.3% - 26.9% 22.5% - 36.2% 71
Microempresarial 20.1%-25.0% annual, Decl Bal 2 Fees 0 Ins None 6.7% upfront 5.00 ongoing 18.8% - 26.9% 20.7% - 41.2% 69
Institution Price Graph
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  2. OIBM
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

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 143 months
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Product

Payroll Loan Product 4 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 513,157,530
Portfolio (USD)USD 1,315,788.54
Active Clients with Loans3,548
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Given to employees of various organisations who would like to borrow and repay through their salary.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherAge must be above 18 years
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution16
# Regions for this product19
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 15,000
Maximum loan size4,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00010%
MWK 50,000-150,00020%
MWK 150,000-250,00020%
MWK 250,000-350,00020%
MWK 350,000-450,00010%
Greater than MWK 450,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months40%
Grace Period
Grace period usage30%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
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 interest45.00%
Highest quoted nominal interest45.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Payroll Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 20,000MWK 50,000MWK 100,000MWK 200,000MWK 400,000MWK 950,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-092012-10-232012-10-262012-09-252012-10-232012-12-05
Loan Term (Months)7.0 months12.0 months25.0 months24.0 months25.0 months48.0 months
Grace Period (Months)0.9 months0.4 months0.3 months1.9 months0.4 months-1.0 months
Total Cost of CreditMWK 3,471.47MWK 13,075.70MWK 48,626.69MWK 92,912.55MWK 196,246.98MWK 951,640.99
True Price by Comp           
Interest price component37.1%37.3%37.3%31.9%37.4%39.9%
Fee Component8.6%5.7%3.2%2.8%3.2%2.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.7%43.0%40.5%34.7%40.6%42.0%
Transparency Index99100100100100100
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Payroll 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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