Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
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

Addis Credit and Savings Institution Head OfficeAddis AbabaPO Box 5667
Data approved: 2012-01-13
Data version: 1
Age of data: 158 months

Institution

COOPEC ZAMUKA Kicukiro-Centre,Secteur Gatenga, District KicukiroKigaliPO Box 6401
Data approved: 2012-11-01
Data version: 2
Age of data: 143 months

Product

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Product

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Product Summary

Number borrowers10,644
Loan Amount (range)ETB 700 - 250,000
Loan Term (range)6 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method10.0% annual, Flat
Fees2.00% ongoing
Insurance1.00% upfront
TaxNone
Comp Dep5.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component17.3% - 20.4% (Int+Fee)
Insurance Component1.3% - 1.8%
Tax Component Range0
Full APR (int fee ins tax dep)19.8% - 23.8%
Transparency Index (min/max)42 - 50
Transparency Index (average)46

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 50,827,024
Portfolio (USD)USD 2,762,338.26
Active Clients with Loans10,644
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is for agricultural purposes. It has a single end payment.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
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 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

This institution provided data on this product on 2011-10-26 and the product was no longer active when they submitted data on 2012-11-01.

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 700
Maximum loan size250,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest10.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionService Charge
% 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
Upfront Insurance Fees
Ins 1
DescriptionLoan insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountETB 5,000ETB 5,000ETB 5,000ETB 5,000ETB 7,500ETB 7,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-112011-08-102011-07-262011-08-262011-08-022011-08-02
Loan Term (Months)24.0 months24.0 months18.0 months24.0 months18.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months4.0 months4.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component19.8%19.8%20.4%18.3%17.3%17.3%
Insurance Component1.5%1.5%1.8%1.4%1.6%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component1.6%1.6%1.7%1.4%1.3%1.2%
Full APR (int fee ins tax dep)23.0%23.0%23.8%21.0%20.1%19.8%
Transparency Index444442485050
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Agriculture Loan Price Graphs


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Key Statistics
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# Countries
# Borrowers
Loan Portfolio (USD)
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% 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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