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. Opportunity
Please note that the information you are viewing is 134 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

Opportunity Tanzania Limited Head OfficeDar Es SalaamPO Box 80244
Data approved: 2013-02-22
Data version: 2
Age of data: 134 months
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Product

Urgence 60% Product 4 of 4 « Prev | Next »

Product

Mkopo Vuka - Solidarity Group Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers59
Loan Amount (range)RWF 15,000 - 5,000,000
Loan Term (range)3
Other Services (text summary)Credit Educ
Annual Interest & Method60.00% annual, Flat
Fees2 fees
InsuranceNone
Tax18.00% fees
Comp DepN/A
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)65.1% - 68.0%
Transparency Index (min/max)42 - 92
Transparency Index (average)90

Product Summary

5,071
TZS 250,000 - 7,500,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Other Training
30.00% annual, Flat
1.50% upfront
1.00% upfront
None
10.00% upfront
 
48.7% - 65.6%
4.2% - 7.7%
2.8% - 4.0%
0
66.1% - 75.7%
39 - 45
41

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 17,470,676
Portfolio (USD)USD 27,731
Active Clients with Loans59
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit D'Urgence Ne Depasse Pas 3 Mois.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
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 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 product4
Regions ActiveNgororero, Nyabihu, Rubavu, Rutsiro

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 3,700,000,000
Portfolio (USD)USD 2,327,044.03
Active Clients with Loans5,071
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Mkopo Vuka (Solidarity Group Loan) is Opportunity Tanzania's Small Business Loan for groups who have graduated from an entry-level loan and have a need for a larger loan for their business.
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 visits
Business training
Other trainingx
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveArusha, Dar es Salaam, Kilimanjaro

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 15,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00015%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00015%
RWF 3,500,000-4,500,00015%
Greater than RWF 4,500,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term3.0 months
Approx average3.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
Between 7 and 9 months0
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
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 250,000
Maximum loan size7,500,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00015%
TZS 1,250,000-2,000,00030%
TZS 2,000,000-3,000,00030%
TZS 3,000,000-4,000,00015%
Greater than TZS 4,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.7 months
Repayment Frequency
Daily
Weekly
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 interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
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
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 fees18%
All or some fees taxedAll

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
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
Ins 1
DescriptionCredit Life, Funeral, Property
% 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
CriteriaFirst Loan Cycle Security Deposit required is equal to 1% of the loan amount.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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?No

Full Pricing Data

Urgence 60% samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 95,000RWF 200,000RWF 490,000RWF 450,000RWF 2,000,000RWF 3,000,000
Loan Cycle (1, 2, 3, etc)111111
Disbursement Date2012-03-202012-05-232012-06-042012-08-022012-05-292012-05-23
Loan Term (Months)3.1 months3.1 months3.1 months3.1 months3.1 months3.1 months
Grace Period (Months)3.1 months3.1 months3.1 months3.1 months3.1 months3.1 months
Total Cost of CreditRWF 17,200RWF 35,428RWF 85,772RWF 78,828RWF 347,908RWF 521,508
True Price by Comp           
Interest price component55.5%55.5%55.5%55.5%55.5%55.5%
Fee Component10.6%9.2%8.5%8.6%8.1%8.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component1.9%1.7%1.6%1.5%1.5%1.5%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)68.0%66.4%65.6%65.6%65.1%65.1%
Transparency Index889092919292
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Mkopo Vuka - Solidarity Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountTZS 300,000TZS 500,000TZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)1Not Known4444
Disbursement Date2013-02-192013-02-122012-11-302012-11-302012-11-302013-01-21
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months8.0 months
Grace Period (Months)0.2 months0.1 months0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditTZS 54,300TZS 89,200TZS 179,700TZS 359,400TZS 540,400TZS 1,125,000
True Price by Comp           
Interest price component52.0%53.2%51.5%51.5%51.6%48.7%
Fee Component5.5%5.8%5.5%5.5%5.5%4.2%
Insurance Component3.8%3.9%3.7%3.7%3.8%2.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component12.0%12.8%12.1%12.1%12.0%10.4%
Full APR (int fee ins tax dep)73.3%75.7%72.8%72.8%72.9%66.1%
Transparency Index414041414145
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Urgence 60% 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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