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. FMFC
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

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

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 134 months
Choose version

Product

Credit Group D'Epargne Et Credit Product 6 of 9 « Prev | Next »

Product

Personal Loan Product 4 of 6 « Prev | Next »

Product Summary

Number borrowers169
Loan Amount (range)RWF 300,000 - 2,400,000
Loan Term (range)4 - 12
Other Services (text summary)
Annual Interest & Method26.00% annual, Flat
Fees1.00% upfront
Insurance2 fees
Tax18.00% fees
Comp Dep10.00% upfront
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)70.0% - 74.2%
Transparency Index (min/max)0 - 95
Transparency Index (average)36

Product Summary

121
TZS 1,000,000 - 10,000,000
6 - 24
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
24.00% annual, Flat
2 fees
1.00% upfront
None
15.00% upfront
 
40.4% - 49.9%
2.4% - 9.2%
1.4% - 3.8%
0
57.5% - 66.4%
36 - 44
38

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 96,905,680
Portfolio (USD)USD 153,819
Active Clients with Loans169
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Beneficiaires: Groupe de 4 - 8 Femmes faible revenue. Garantie: caution solidaire.Taux: 2% par mois.
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 insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
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 product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 214,607,250
Portfolio (USD)USD 134,973.11
Active Clients with Loans121
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The loan product is for individuals who have been clients of the MFI and who for a long time, have been beneficiarys of the group loan product. This loan product enables these individuals to access bigger loans as individuals from the MFI.
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 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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product5
Regions ActiveArusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 300,000
Maximum loan size2,400,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00030%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00040%
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 term4.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months100%
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
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 1,000,000
Maximum loan size10,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,0000
TZS 1,250,000-2,000,00010%
TZS 2,000,000-3,000,00030%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months20%
Longer than 18 months10%
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

Pricing Information

Interest
Lowest quoted nominal interest0.50%
Highest quoted nominal interest0.50%
Interest rate periodWeekly
Interest Rate Calculation MethodFlat
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 1Ins 2
DescriptionAssurance sur creditCommission on Insurance
% of loan amount - min0.06%0
% of loan amount - max1.12%0
OR, Fixed amount - min01,000
Fixed amount - max01,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 deposited10.00%
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?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
During loan term the borrower must now save 10%, divided equally between payments, rather than the 20% shown on these samples. APR calcs have used insurance rates applicable to a 30 year old client.

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
DescriptionRegistration FeeApplication Fee
% of loan amount - min1.50%0
% of loan amount - max1.50%0
OR, Fixed amount - min010,000
Fixed amount - max010,000
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan insurance fund
% 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
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

Credit Group D'Epargne Et Credit samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountRWF 450,000RWF 900,000RWF 2,100,000RWF 1,800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-102012-09-182012-03-282012-10-17
Loan Term (Months)7.0 months7.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months-0.8 months
Total Cost of CreditRWF 81,739.72RWF 162,299.44RWF 553,302.76RWF 474,428.08
True Price by Comp       
Interest price component48.1%48.1%47.5%47.5%
Fee Component3.3%3.3%2.3%2.3%
Insurance Component2.8%2.5%2.3%2.3%
Tax Component1.2%1.0%0.9%0.9%
Deposit Component18.8%18.7%17.0%17.0%
Full APR (int fee ins tax dep)74.2%73.6%70.0%70.0%
Transparency Index35353737
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Personal Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)11113
Disbursement Date2013-02-142013-02-142013-02-202013-01-302013-01-31
Loan Term (Months)9.0 months12.0 months12.0 months12.0 months18.0 months
Grace Period (Months)-0.1 months-0.1 months-0.1 months-0.2 months0.1 months
Total Cost of CreditTZS 215,000TZS 540,000TZS 805,000TZS 1,070,000TZS 1,935,000
True Price by Comp         
Interest price component41.0%41.2%41.2%43.0%40.4%
Fee Component6.5%4.0%3.7%3.7%2.4%
Insurance Component2.6%2.1%2.1%2.1%1.4%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component16.3%15.1%15.0%16.0%13.3%
Full APR (int fee ins tax dep)66.4%62.4%62.0%64.8%57.5%
Transparency Index3638393742
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Credit Group D'Epargne Et Credit Price Graphs


Click to view Price Analysis Tool
Personal Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

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