2. Comicoka
Please note that the information you are viewing is 144 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: 144 months
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Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established2005
Head of InstitutionJean Damascene Nkurikiyinka
Regions activeNgororero, Nyabihu
# Branches1

Total Portfolio (nat'l)RWF 477,814,327
Total Portfolio (USD)USD 758,435.44
Active clients with loans827
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsAMIR
FundersAQUADEV

Loan Products » Summary

Ord 30%
568 Borrowers
USD 332,775 Portfolio
Active Product
Ord 18%
75 Borrowers
USD 50,429 Portfolio
Active Product
Ord 19%
125 Borrowers
USD 347,500 Portfolio
Active Product
Urgence
59 Borrowers
USD 27,731 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Ordinaire 30% RWF 12,000 - 5,000,000 3 - 36 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ
Ordinaire 18% RWF 100,000 - 5,000,000 3 - 24 0% - 20% 0% - 20% Any Purpose Women, Men, Salaried worker Credit Educ
Ordinaire 19% RWF 1,000,000 - 5,000,000 13 - 36 20% - 40% 0% - 20% Business, Credit Agricole Avec Subvention RIF2 Women, Men, Have business, Autrest Immobilisations Credit Educ
Urgence 60% RWF 15,000 - 5,000,000 3 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Ordinaire 30% 30.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees 20.00% upfront 19.9% - 37.1% 45.9% - 72.1% 53
Ordinaire 18% 18.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees N/A 19.4% - 20.3% 20.3% - 21.3% 86
Ordinaire 19% 19.00% annual, Decl Bal 2 Fees 1 Ins 18.00% fees 20.00% upfront 20% - 22.9% 30.3% - 37.4% 57
Urgence 60% 60.00% annual, Flat 2 Fees 0 Ins 18.00% fees N/A 63.6% - 66.1% 65.1% - 68% 90
Institution Price Graph
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  2. FMB
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

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Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 25,000,000
Portfolio (USD)USD 598,086.12
Active Clients with Loans1,500
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual micro-enterprise loan
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 insurancex
Workplace visitsx
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average4.0 months
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 interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesRandomly selected by the bank's system
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionBank ChargeProcessing Fee
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min232.40100
Fixed amount - max6,474325
Reason for variationN/a
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMortgage Redemption Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min16.25
Fixed amount - max591.50
Reason for variationN/A
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
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 paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Bank charge = .83% of loan amount x loan term. Processing Fee = P1 or .25% of loan amount (for 4, and up). Insurance Fee = P2 for every P1 for 3 month loan (based on table of fees. Tax (Gross Receipts Tax) = 5% of accrued interest fee and fees (except insurance). Tax (Doc. Stamp) = P1 for every P2 per annum. For savings, opening account balance is P2. No deposit is required prior to disbursement. It is assumed that savings have been accumulated from previous loan cycles. Weekly savings required is 1% of loan amount / # of weeks

Full Pricing Data

Unlad samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 7,000PHP 13,000PHP 30,000PHP 60,000PHP 90,000PHP 130,000
Loan Cycle (1, 2, 3, etc)2Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-272011-05-202011-05-062011-06-032011-04-082011-03-11
Loan Term (Months)4.0 months3.0 months3.0 months5.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component85.5%81.0%77.5%77.7%78.3%78.7%
Insurance Component1.5%2.1%2.1%2.0%2.0%2.0%
Tax Component5.9%7.7%7.4%5.5%5.7%5.7%
Deposit Component9.4%6.0%5.7%8.5%8.9%8.6%
Full APR (int fee ins tax dep)102.3%96.8%92.7%93.7%94.9%95.1%
Transparency Index232526262525
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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