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
  2. Bandhan
Please note that the information you are viewing is 139 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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Institution

Bandhan Financial Services Private Limited DN-32, Sector-V,Salt Lake CityKolkata, West Bengal700091
Data approved: 2013-01-16
Data version: 2
Age of data: 139 months
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Product

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Product

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Product Summary

Number borrowers125
Loan Amount (range)RWF 1,000,000 - 5,000,000
Loan Term (range)13 - 36
Other Services (text summary)Credit Educ
Annual Interest & Method19.00% annual, Decl Bal
Fees2 fees
Insurance0.17%-5.58% upfront
Tax18.00% fees
Comp Dep20.00% upfront
Range of pricing 
Interest Price Component15.5% - 55.5%
Fee Component1.5% - 10.6%
Insurance Component0 - 0.5%
Tax Component Range0.3% - 1.9%
Full APR (int fee ins tax dep)30.3% - 37.4%
Transparency Index (min/max)42 - 92
Transparency Index (average)57

Product Summary

2,575
INR 1,000 - 10,000
12
Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
20.0% annual, Decl Bal
1.00% upfront
None
12.36% fees
N/A
 
19.8% - 23.8%
0.9% - 2.2%
0 - 1.1%
0.1% - 0.3%
22.2% - 22.5%
87 - 93
89

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

Product Details

Key Statistics
Outstanding portfolio (INR)INR 5,305,683
Portfolio (USD)USD 100,107.23
Active Clients with Loans2,575
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherGroup Based Individual Lending
Description
Financial assistance to spread of education
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other trainingx
OtherGroup Leadership Training
Other (2)Financial Literacy & Social Awareness
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherMust have completed 1 loan cycle
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product18
Regions ActiveAssam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West BengalDadra and Nagar Haveli, National Capital Territory of Delhi

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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 1,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than INR 5,00070%
INR 5,000-15,00030%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 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

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationService Tax Extra
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?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
No Penalty in case of default. No prepayment charges

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

Full Pricing Data

Susikhsha Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 2,000INR 3,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-05-252012-03-222012-03-09
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 222.47INR 333.71INR 556.18
True Price by Comp     
Interest price component19.8%20.1%19.8%
Fee Component2.1%2.2%2.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.3%0.2%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.2%22.5%22.2%
MFIN MFI Earning (Annualised)21.9%22.3%21.9%
MFIN Cost to Borrower (Annualised)22.2%22.5%22.2%
Transparency Index908990
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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