2. DAMEN
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. COOPEDU
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

Development Action for Mobilization and Emancipation 26-C, Nawab Town, Raiwind RoadLahore, Punjab
Data approved: 2013-05-17
Data version: 1
Age of data: 132 months

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 143 months
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Product

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Product

Credit Group D'Epargne Et Credit Product 6 of 9 « Prev | Next »

Product Summary

Number borrowers35,219
Loan Amount (range)PKR 20,000 - 75,000
Loan Term (range)12 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Business Training, Other Training
Annual Interest & Method34.7% annual, Decl Bal
Fees3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component34.2%
Fee Component4.2% - 6.0%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)38.4% - 40.2%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

169
RWF 300,000 - 2,400,000
4 - 12
26.00% annual, Flat
1.00% upfront
2 fees
18.00% fees
10.00% upfront
 
16.7% - 48.1%
0.7% - 4.8%
0.4% - 2.8%
0.1% - 1.2%
70.0% - 74.2%
0 - 95
36

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 683,062,976
Portfolio (USD)USD 6,970,030.37
Active Clients with Loans35,219
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
General purpose loan is given to micro entreprenures in a group of 3 to 5 members. The amount ranges from PKR 20,000 to PKR 75,000. Loan tenure is 12 to 18 Months.
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 insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 96,905,680
Portfolio (USD)USD 153,819
Active Clients with Loans169
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Beneficiaires: Groupe de 4 - 8 Femmes faible revenue. Garantie: caution solidaire.Taux: 2% par mois.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
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 institution2
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 20,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00010%
PKR 25,000-50,00080%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term18.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months70%
Longer than 18 months0
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 payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 300,000
Maximum loan size2,400,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00030%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months100%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest34.70%
Highest quoted nominal interest34.70%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing 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

Pricing Information

Interest
Lowest quoted nominal interest0.50%
Highest quoted nominal interest0.50%
Interest rate periodWeekly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur credit
% 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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionAssurance sur creditCommission on Insurance
% of loan amount - min0.06%0
% of loan amount - max1.12%0
OR, Fixed amount - min01,000
Fixed amount - max01,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
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
Additional Comments
During loan term the borrower must now save 10%, divided equally between payments, rather than the 20% shown on these samples. APR calcs have used insurance rates applicable to a 30 year old client.

Full Pricing Data

General Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPKR 25,000PKR 30,000PKR 45,000PKR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-152013-04-152013-04-222013-05-22
Loan Term (Months)12.0 months12.0 months18.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditPKR 5,709PKR 6,832PKR 14,676PKR 16,407
True Price by Comp       
Interest price component34.2%34.2%34.2%34.2%
Fee Component5.9%6.0%4.2%4.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.1%40.2%38.4%38.4%
Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Credit Group D'Epargne Et Credit samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 450,000RWF 900,000RWF 2,100,000RWF 1,800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-102012-09-182012-03-282012-10-17
Loan Term (Months)7.0 months7.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months-0.8 months
Total Cost of CreditRWF 81,739.72RWF 162,299.44RWF 553,302.76RWF 474,428.08
True Price by Comp       
Interest price component48.1%48.1%47.5%47.5%
Fee Component3.3%3.3%2.3%2.3%
Insurance Component2.8%2.5%2.3%2.3%
Tax Component1.2%1.0%0.9%0.9%
Deposit Component18.8%18.7%17.0%17.0%
Full APR (int fee ins tax dep)74.2%73.6%70.0%70.0%
Transparency Index35353737
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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