2. Adok Timo
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Comicoka
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

Adok Timo KisumuKenyaP.O. Box 3650
Data approved: 2010-09-12
Data version: 1
Age of data: 172 months

Institution

COOPEC COMICOKA MahokoKanamaRubavu, West RwandaPO Box 506 RWA
Data approved: 2012-10-04
Data version: 2
Age of data: 143 months
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Product

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Product

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Product Summary

Number borrowers260
Loan Amount (range)KES 10,000 - 100,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method19.2%-24.0% annual, Flat
Fees100.00 upfront
Insurance3.00% upfront
TaxNone
Comp Dep25.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component29.4% - 31.4% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)38.3% - 40.9%
Transparency Index (min/max)21 - 50
Transparency Index (average)49

Product Summary

125
RWF 1,000,000 - 5,000,000
13 - 36
Credit Educ
19.00% annual, Decl Bal
2 fees
0.17%-5.58% upfront
18.00% fees
20.00% upfront
 
15.5% - 55.5%
1.5% - 10.6%
0 - 0.5%
0.3% - 1.9%
30.3% - 37.4%
42 - 92
57

Product Details

Key Statistics
Outstanding portfolio (KES)KES 2,434,794
Portfolio (USD)USD 29,405.72
Active Clients with Loans260
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This is loan product for specific agricultural products i.e Rice & horticulture farming
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
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
OtherMust be active in agricultural activities
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 (RWF)RWF 218,924,812
Portfolio (USD)USD 347,500
Active Clients with Loans125
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit Agricole Du Montant Superiura a 1,000,000 FRW
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCredit Agricole Avec Subvention RIF2
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherAutrest Immobilisations
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product4
Regions ActiveNgororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 1,000,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00020%
RWF 1,500,000-2,500,00020%
RWF 2,500,000-3,500,00020%
RWF 3,500,000-4,500,00020%
Greater than RWF 4,500,00020%
Loan Term and Grace Period
Shortest loan term13.0 months
Longest loan term36.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months90%
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.60%
Highest quoted nominal interest2.00%
Reason(s) why interest rate variesCollateral
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLegal Charge
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Application & Insurance 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
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 deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.01%
Maximum interest rate paid0.03%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest19.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommission FeePaper Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min0600
Fixed amount - max0600
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min0.17%
% of loan amount - max5.58%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on client age & loan term
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
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 paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll

Full Pricing Data

Agribusiness Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2009-10-182009-10-022009-10-022009-10-15
Loan Term (Months)6.0 months6.0 months6.0 months6.0 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 Component31.4%30.0%29.6%29.4%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.6%9.1%8.9%8.9%
Full APR (int fee ins tax dep)40.9%39.1%38.6%38.3%
Transparency Index47495050
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Ordinaire 19% samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 1,000,000RWF 2,000,000RWF 3,000,000RWF 3,800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-162012-02-022012-01-192012-03-26
Loan Term (Months)12.0 months18.0 months25.0 months37.0 months
Grace Period (Months)1.0 month3.0 months1.4 months3.1 months
Total Cost of CreditRWF 129,915.40RWF 383,098.40RWF 699,647.80RWF 1,273,860.50
True Price by Comp       
Interest price component18.8%18.6%18.8%18.5%
Fee Component4.1%2.5%2.1%1.5%
Insurance Component0.5%0.2%0.5%0.2%
Tax Component0.8%0.5%0.5%0.3%
Deposit Component13.2%10.2%11.5%9.8%
Full APR (int fee ins tax dep)37.4%32.0%33.4%30.3%
Transparency Index51595763
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agribusiness Loan Price Graphs


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Ordinaire 19% 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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