- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	141
Adok Timo	4,200	570,000	4	172
BIMAS	11,100	4,679,000	7	141
ECLOF Kenya	20,500	5,455,000	8	141
Equity Bank	135,500	94,746,000	9	141
Family Bank	43,200	90,700,000	5	172
Jamii Bora	2,400	3,374,000	4	141
Juhudi Kilimo	10,400	4,436,000	2	141
KADET	12,900	5,402,000	4	141
K-Rep	0	0	0	141
K-Rep Bank	65,000	28,743,000	4	172
KWFT DTM	294,600	165,982,000	6	141
LKL	13,100	9,311,000	10	133
MKL	18,200	5,989,000	6	117
Opportunity Kenya	9,100	4,866,000	5	141
PAWDEP	40,900	7,133,000	2	141
RAFODE	2,900	356,000	1	141
SISDO	7,300	3,657,000	11	141
Yehu	14,000	3,149,000	11	141

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

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 Details

Key Statistics

Outstanding portfolio (RWF)	RWF 209,648,520
Portfolio (USD)	USD 332,775
Active Clients with Loans	568
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Credits Commerciaux

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
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 institution	2
# Regions for this product	4
Regions Active	Ngororero, Nyabihu, Rubavu, Rutsiro

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 12,000
Maximum loan size	5,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	20%
RWF 500,000-1,500,000	15%
RWF 1,500,000-2,500,000	15%
RWF 2,500,000-3,500,000	15%
RWF 3,500,000-4,500,000	15%
Greater than RWF 4,500,000	15%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	36.0 months
Approx average	18.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	70%
Between 13 and 18 months	10%
Longer than 18 months	10%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Commission Fee	Paper Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	600
Fixed amount - max	0	600
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Life Insurance
% of loan amount - min	0.05%
% of loan amount - max	5.58%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Depends on client age and loan term
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	18%
All or some fees taxed	All

Full Pricing Data

Ordinaire 30% samples

	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	RWF 250,000	RWF 450,000	RWF 1,000,000	RWF 1,500,000	RWF 5,000,000
Loan Cycle (1, 2, 3, etc)	12	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-05-23	2012-03-20	2012-03-22	2012-10-08	2012-10-05
Loan Term (Months)	12.0 months	6.0 months	11.0 months	24.0 months	12.0 months
Grace Period (Months)	1.0 month	1.0 month	1.0 month	3.1 months	3.1 months
Total Cost of Credit	RWF 47,906.60	RWF 51,308.34	RWF 187,415.40	RWF 545,386.70	RWF 1,069,660
True Price by Comp
Interest price component	29.5%	29.4%	15.5%	28.9%	29.0%
Fee Component	4.6%	7.7%	4.4%	2.2%	3.4%
Insurance Component	0.4%	0.4%	0.5%	0.2%	0.5%
Tax Component	1.0%	1.5%	0.9%	0.4%	0.7%
Deposit Component	18.4%	19.4%	50.8%	14.2%	14.1%
Full APR (int fee ins tax dep)	53.9%	58.4%	72.1%	45.9%	47.7%
Transparency Index	56	51	42	65	63

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

Ordinaire 30% 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

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

Ordinaire 30% samples

Ordinaire 30% Price Graphs

Total Borrowers of Samples

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