2. COOPEDU
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. Arohan
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

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 143 months
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Institution

Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West BengalPO Box 700107
Data approved: 2012-11-22
Data version: 2
Age of data: 139 months
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Product

Avance Sur Salaire Product 1 of 9 « Prev | Next »

Product

Bazar Loan Product 1 of 6 « Prev | Next »

Product Summary

Number borrowers266
Loan Amount (range)RWF 150,000 - 3,500,000
Loan Term (range)6 - 24
Other Services (text summary)
Annual Interest & Method20.40% annual, Decl Bal
Fees1.00% upfront
Insurance0.09%-6.02% upfront
Tax18.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component16.7% - 48.1%
Fee Component0.7% - 4.8%
Insurance Component0.4% - 2.8%
Tax Component Range0.1% - 1.2%
Full APR (int fee ins tax dep)21.5% - 22.5%
Transparency Index (min/max)0 - 95
Transparency Index (average)92

Product Summary

5,611
INR 6,000 - 18,000
10 - 11
Credit Educ, Group Mtgs, Credit Ins
27.3% annual, Decl Bal
1.00% upfront
0.51% upfront
12.36% fees
N/A
 
25.0% - 31.1%
1.6% - 2.3%
1.1% - 1.4%
0.2% - 0.5%
28.5% - 30.9%
83 - 98
91

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 147,562,778
Portfolio (USD)USD 234,227
Active Clients with Loans266
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux membres de la COOPEDU dont le salaire est verse mensuellement sur leur compte e la COOPEDU. Le salaire constitu la garantie
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (INR)INR 51,249,000
Portfolio (USD)USD 966,962.26
Active Clients with Loans5,611
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Bazar loan is provided to vendors in an authorized markets selling household commodities -generally perishables. Loan ranges from Rs. 6,000 to Rs. 18,000. Interest Rate and tenure are 27.29% and 45 weeks respectively.
Loan Purpose
Any purposex
Income generation
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 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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product1
Regions ActiveWest Bengal

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 150,000
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00020%
RWF 500,000-1,500,00020%
RWF 1,500,000-2,500,00030%
RWF 2,500,000-3,500,00030%
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months20%
Between 13 and 18 months50%
Longer than 18 months30%
Grace Period
Grace period usage0
Average grace period0.3 months
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
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size18,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00080%
INR 15,000-25,00020%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term11.0 months
Approx average10.5 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 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 interest1.70%
Highest quoted nominal interest1.70%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur credit
% 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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAssurance sur credit
% of loan amount - min0.09%
% of loan amount - max6.02%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on age, loan amount, loan term
Appears on Repayment Sched?No
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
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client

Pricing Information

Interest
Lowest quoted nominal interest27.30%
Highest quoted nominal interest27.30%
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 variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.51%
% of loan amount - max0.51%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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
Arohan displays Annual Percent Rates in the passbook. APR as mentioned for the product is 29.6%

Full Pricing Data

Avance Sur Salaire samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 261,600RWF 487,200RWF 1,044,000RWF 2,000,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2012-03-272012-02-222012-01-262011-11-24
Loan Term (Months)12.0 months18.0 months25.0 months18.0 months
Grace Period (Months)1.0 month1.0 month1.3 months1.0 month
Total Cost of CreditRWF 32,988.68RWF 88,448.61RWF 253,623.48RWF 363,100
True Price by Comp       
Interest price component19.7%19.9%19.7%19.8%
Fee Component1.9%1.3%1.1%1.4%
Insurance Component0.5%0.5%0.4%0.4%
Tax Component0.4%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.5%22.0%21.5%21.9%
Transparency Index91939593
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Bazar Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 18,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-292012-11-302012-10-05
Loan Term (Months)11.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.1 months0.5 months
Total Cost of CreditINR 1,413.36INR 1,419.66INR 2,544.05
True Price by Comp     
Interest price component27.1%26.7%25.0%
Fee Component2.3%2.3%2.1%
Insurance Component1.2%1.2%1.2%
Tax Component0.3%0.5%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.9%30.7%28.5%
MFIN MFI Earning (Annualised)29.4%29.0%27.1%
MFIN Cost to Borrower (Annualised)30.9%30.7%28.5%
Transparency Index888996
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Avance Sur Salaire 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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