2. COOPEDU
Please note that the information you are viewing is 147 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Equity Bank
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

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 147 months
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Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 145 months
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Product

Credit Ordinaire Product 8 of 9 « Prev | Next »

Product

Asset Finance Loan Product 2 of 10 « Prev | Next »

Product Summary

Number borrowers994
Loan Amount (range)RWF 500,000 - 30,000,000
Loan Term (range)12 - 60
Other Services (text summary)Other Training
Annual Interest & Method20.40% annual, Decl Bal
Fees1.00% upfront
Insurance0.17%-8.88% 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)21.7% - 22.9%
Transparency Index (min/max)0 - 95
Transparency Index (average)91

Product Summary

900
KES 100,000 - 4,000,000,000
1 - 48
Credit Ins
8.5%-10.0% annual, Flat
2.00%-3.00% upfront
0.63% upfront
None
N/A
 
13.4% - 37.3%
0 - 11.0%
0 - 2.3%
0
20.4% - 21.5%
37 - 83
40

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 3,973,764,195
Portfolio (USD)USD 6,307,562
Active Clients with Loans994
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux hommes et aux femmes et dont la garantie exigee est un bien immeble ou la garantie numeraire. Le plafond est de 30 000 000 Frw.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
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 product4
Regions ActiveGasabo, Kicukiro, Nyarugenge, Rwamagana

Product Details

Key Statistics
Outstanding portfolio (KES)KES 250,477,647
Portfolio (USD)USD 3,025,092.36
Active Clients with Loans900
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
To enable customers to acquire durable assets eg motor vehicles and machinery for business or personal use. Assets you buy can be used to meet collateral requirements.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherLoan specifically used for purchase of assets.
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 business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherEquity customer for at least a month or other bank statement
Other (2)Purchased asset is used as loan security
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 500,000
Maximum loan size30,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,00010%
RWF 1,500,000-2,500,00010%
RWF 2,500,000-3,500,00010%
RWF 3,500,000-4,500,00010%
Greater than RWF 4,500,00010%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term60.0 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 months10%
Between 13 and 18 months30%
Longer than 18 months60%
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
CurrencyKES
Minimum loan sizeKES 100,000
Maximum loan size4,000,000,000
Distribution at Disbursement (Est.)
Loans less than KES 50,0000
KES 50,000-150,0000
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,00070%
Greater than KES 450,00070%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term48.0 months
Approx average48.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
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 - min0.17%
% of loan amount - max8.88%
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 fees18%
All or some fees taxedAll
Additional Comments
APR calcs have used insurance rates applicable to a 30 year old client

Pricing Information

Interest
Lowest quoted nominal interest8.50%
Highest quoted nominal interest10.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
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?No
Additional Comments
Loan term and fees depend on asset type.

Full Pricing Data

Credit Ordinaire samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountRWF 500,000RWF 1,000,000RWF 2,000,000RWF 2,800,000RWF 4,000,000
Loan Cycle (1, 2, 3, etc)11111
Disbursement Date2012-05-142012-05-182012-04-302012-03-192012-02-22
Loan Term (Months)12.0 months12.0 months24.0 months24.0 months37.0 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditRWF 64,201.20RWF 128,404RWF 486,656.20RWF 681,318.08RWF 1,460,668.80
True Price by Comp         
Interest price component20.1%20.1%20.2%20.2%20.3%
Fee Component2.0%2.0%1.0%1.0%0.7%
Insurance Component0.4%0.4%0.5%0.5%0.5%
Tax Component0.4%0.4%0.3%0.3%0.2%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.9%22.9%22.0%22.0%21.7%
Transparency Index8989939394
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Asset Finance Loan samples
Sample 3Sample 4Sample 5
Loan AmountKES 300,000KES 400,000KES 510,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-092013-05-162013-05-24
Loan Term (Months)24.0 months24.0 months37.0 months
Grace Period (Months)0.1 months0.2 months0.1 months
Total Cost of CreditKES 70,875KES 94,500KES 174,037.50
True Price by Comp     
Interest price component18.8%18.6%18.5%
Fee Component2.0%2.1%1.5%
Insurance Component0.7%0.6%0.4%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)21.5%21.3%20.4%
Transparency Index404042
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credit Ordinaire Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.CoopInstitution TypeBusinessLoan PurposeCOOPEDUInstitutionRW-004-V02-P08ProductRWCountry2012YearRange Number2Institution Data Version01,000,0002,000,0003,000,0004,000,000Loan Size (all)0%5%10%15%20%25%Full APR (int fee ins tax dep)> 90506Number of Borrowers
Click to view Price Analysis Tool
Asset Finance Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeBusinessLoan PurposeEquity BankInstitutionKE-007-V02-P02ProductKECountry2013YearRange Number2Institution Data Version0100,000200,000300,000400,000500,000Loan Size (all)0%5%10%15%20%Full APR (int fee ins tax dep)> 60030030Number of Borrowers
Click to view Price Analysis Tool
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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