COOPEC ZAMUKA - Facilite de Caisse - MFTransparency.org Truth In Lending Tables

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

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 ZAMUKA Kicukiro-Centre,Secteur Gatenga, District KicukiroKigaliPO Box 6401

Data approved: 2012-11-01

Data version: 2

Age of data: 143 months

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Institution

Nwabiagya Rural Bank Limited KumasiAshanti RegionPO Box B170

Data approved: 2013-03-02

Data version: 2

Age of data: 139 months

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Product

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Product Summary

1,137
GHS 200 - 10,000
6
Credit Educ, Group Mtgs, Credit Ins, Other Training, Personal hygiene & health education
28.1% annual, Flat
2.00% upfront
1.00% upfront
None
33.3% upfront

42.7% - 47.5%
5.1% - 7.3%
2.6% - 3.8%
0
121.1% - 123.6%
23 - 38
23

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (RWF)	RWF 3,000,000
Portfolio (USD)	USD 4,762
Active Clients with Loans	10
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Description

This loan must be paid in one month

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other	May be running a business, owning a home or a salaried worker
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 1,239,324.86
Portfolio (USD)	USD 629,098.91
Active Clients with Loans	1,137
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group	x
Other

Description

This loan is for the market women, carpenters, fitters. It is an individual loan, but under microfinance. Mobile bankers visit and collect savings to deposit in bank.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance	x
Other	Petty Traders
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training	x
Other	Personal hygiene & health education
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
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 institution	1
# Regions for this product	1
Regions Active	Ashanti Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	10,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	0
GHS 1,000-5,000	30%
GHS 5,000-7,500	50%
GHS 7,500-10,000	20%
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily	x
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.34%
Highest quoted nominal interest	2.34%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Commitment Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	33.33%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	13.50%
Maximum interest rate paid	15.50%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Susu Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 500	GHS 1,000	GHS 1,500	GHS 3,000	GHS 2,500	GHS 8,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-02-25	2013-02-28	2013-02-28	2013-02-28	2013-02-28	2012-11-22
Loan Term (Months)	6.0 months	6.0 months	6.0 months	6.0 months	6.0 months	6.0 months
Grace Period (Months)	0.0 months	0.0 months	-0.1 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	GHS 85.20	GHS 170.40	GHS 255.60	GHS 511.20	GHS 426	GHS 1,363.20
True Price by Comp
Interest price component	46.2%	46.2%	46.7%	46.2%	46.2%	45.9%
Fee Component	7.3%	7.3%	7.3%	7.3%	7.3%	7.2%
Insurance Component	3.7%	3.7%	3.8%	3.7%	3.7%	3.6%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	64.7%	64.7%	65.8%	64.7%	64.7%	64.4%
Full APR (int fee ins tax dep)	121.9%	121.9%	123.6%	121.9%	121.9%	121.1%
Transparency Index	23	23	23	23	23	23

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Susu Loan Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Susu Loan samples

Susu Loan Price Graphs

Total Borrowers of Samples

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