2. Zamuka
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. EASL
Please note that the information you are viewing is 141 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 ZAMUKA Kicukiro-Centre,Secteur Gatenga, District KicukiroKigaliPO Box 6401
Data approved: 2012-11-01
Data version: 2
Age of data: 145 months
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Institution

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra
Data approved: 2013-07-31
Data version: 1
Age of data: 141 months

Product

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Product

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Product Summary

Number borrowers95
Loan Amount (range)RWF 100,000 - 1,600,000
Loan Term (range)1 - 24
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method24.00% annual, Flat
Fees2 fees
InsuranceNone
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component39.2% - 41.0%
Fee Component6.0% - 10.7%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)55.8% - 59.5%
Transparency Index (min/max)40 - 43
Transparency Index (average)42

Product Summary

407
GHS 600 - 3,000
3 - 12
Credit Ins
48.0% annual, Flat
1.50%-2.00% upfront
0.55%-1.00% upfront
None
2.50-10.00 ongoing
 
57.7% - 86.0%
2.2% - 9.1%
0.6% - 4.5%
0 - 0.6%
111.6% - 118.8%
27 - 66
41

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 29,276,392
Portfolio (USD)USD 46,470
Active Clients with Loans95
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is an individual loan product that can be used for many purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
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
OtherMust own a guarantee
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveKicukiro

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 148,203.62
Portfolio (USD)USD 75,230.26
Active Clients with Loans407
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for solidarity groups mainly in rural and peri-urban areas. Groups are 5-8 people in size.
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 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 groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product2
Regions ActiveGreater Accra Region, Eastern Region

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size1,600,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00040%
RWF 500,000-1,500,00050%
RWF 1,500,000-2,500,00010%
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 term1.0 month
Longest loan term24.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months70%
Between 10 and 12 months5%
Between 13 and 18 months0
Longer than 18 months20%
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
CurrencyGHS
Minimum loan sizeGHS 600
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage70%
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 interest2.00%
Highest quoted nominal interest2.00%
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 FeeFrais d'Etudes du Dossiers
% of loan amount - min2.00%1.00%
% of loan amount - max2.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
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 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 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

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 1.5% to 2.0% in March 2013.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.55%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 0.55% to 1.0% in July 2013.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired if physical collateral provided is not sufficient. Ongoing is 2.5 GHS pw for weekly loans, 10 GHS for monthly loans
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedGHS 2.50 - GHS 10
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 100,000RWF 250,000RWF 500,000RWF 1,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-112012-04-202012-05-072012-06-27
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditRWF 15,000RWF 67,500RWF 135,000RWF 270,000
True Price by Comp       
Interest price component39.2%40.9%40.8%41.0%
Fee Component10.7%6.0%6.0%6.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.6%9.1%9.0%9.0%
Full APR (int fee ins tax dep)59.5%56.0%55.8%56.0%
Transparency Index40434343
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Group samples
Sample 1Sample 2Sample 3
Loan AmountGHS 500GHS 800GHS 1,800
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-122013-02-282013-02-28
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.5 months0.1 months0.1 months
Total Cost of CreditGHS 133.11GHS 198.90GHS 447.60
True Price by Comp     
Interest price component67.6%69.9%69.9%
Fee Component6.5%7.2%7.2%
Insurance Component1.8%2.0%2.0%
Tax Component0.0%0.0%0.0%
Deposit Component35.7%39.7%36.0%
Full APR (int fee ins tax dep)111.6%118.8%115.1%
Transparency Index434042
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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