Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://www.coopedu.rw/ |
Year established | 1997 |
Head of Institution | Murebwayire Denise |
Regions active | Gasabo, Kicukiro |
# Branches | 7 |
Total Portfolio (nat'l) | RWF 4,756,395,805 |
Total Portfolio (USD) | USD 7,549,834.61 |
Active clients with loans | 2,029 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 80% - 100% |
Network affiliations | AMIR |
Funders |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.meanwoodfinance.co.zm/ |
Year established | 2005 |
Head of Institution | Daka Timothy |
Regions active | |
# Branches | 0 |
Total Portfolio (nat'l) | ZMK 9,000,000,000 |
Total Portfolio (USD) | USD 1,739,130.44 |
Active clients with loans | 4,889 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 80% - 100% |
Network affiliations | AMIZ |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Avance Sur Salaire | RWF 150,000 - 3,500,000 | 6 - 24 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | ||||||||
Credit Femmes Entrepreneurs | RWF 300,000 - 2,000,000 | 6 - 12 | 80% - 100% | 80% - 100% | Business | Women, Have business, Must be a COOPEDU member for at least 1 month. | ||||||||
Credit Group D'Epargne Et Credit | RWF 300,000 - 2,400,000 | 4 - 12 | 80% - 100% | 80% - 100% | Business | Women | ||||||||
Credit Minerval | RWF 100,000 - 2,000,000 | 3 - 12 | 80% - 100% | 80% - 100% | Education | Women, Men | Credit Educ, Other Training | |||||||
Credit Ordinaire | RWF 500,000 - 30,000,000 | 12 - 60 | 60% - 80% | 80% - 100% | Business, Housing, Consumer | Women, Men | Other Training |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loans | ZMK 5,000,000 - 1,100,000,000 | 1 - 6 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Group Loans | ZMK 500,000 - 10,000,000 | 3 - 6 | 60% - 80% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Personal Loans | ZMK 500,000 - 20,000,000 | 1 - 3 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins | |||||||
Salary Advance | ZMK 100,000 - 5,000,000 | 1 | 40% - 60% | 80% - 100% | Education, Other | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training | |||||||
Scheme Loans | ZMK 500,000 - 50,000,000 | 1 - 12 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Avance Sur Salaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 20.8% - 21.6% | 21.5% - 22.5% | 92 | ||||||||
Credit Femmes Entrepreneurs | 12.96% annual, Flat | 1 Fee | 1 Ins | 18.00% fees | 20.00% upfront | 24.7% - 25% | 49.2% - 83.5% | 18 | ||||||||
Credit Group D'Epargne Et Credit | 26.00% annual, Flat | 1 Fee | 2 Ins | 18.00% fees | 10.00% upfront | 49.8% - 51.4% | 70% - 74.2% | 36 | ||||||||
Credit Minerval | 16.80% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 18.2% - 21.6% | 19% - 22.9% | 81 | ||||||||
Credit Ordinaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins | 18.00% fees | N/A | 21% - 22.1% | 21.7% - 22.9% | 91 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loans | 96.0%-120.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 224.9% - 233.5% | 224.9% - 233.5% | 42 | ||||||||
Group Loans | 72.0%-96.0% annual, Flat | 0 Fees | 0 Ins | None | 10.0% upfront | 108.1% - 139.4% | 126.6% - 161.7% | 49 | ||||||||
Personal Loans | 120.0%-144.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 217.9% - 229.5% | 252% - 265.7% | 46 | ||||||||
Salary Advance | 276.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 270.3% - 280.2% | 270.3% - 280.2% | 100 | ||||||||
Scheme Loans | 60.0%-96.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 77.6% - 146.2% | 77.6% - 146.2% | 58 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Avance Sur Salaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins Ins | 18.00% fees | N/A | 20.8% - 21.6% | 21.5% - 22.5% | 92 | ||||||||
Credit Femmes Entrepreneurs | 12.96% annual, Flat | 1 Fee | 1 Ins Ins | 18.00% fees | 20.00% upfront | 24.7% - 25% | 49.2% - 83.5% | 18 | ||||||||
Credit Group D'Epargne Et Credit | 26.00% annual, Flat | 1 Fee | 2 Ins Ins | 18.00% fees | 10.00% upfront | 49.8% - 51.4% | 70% - 74.2% | 36 | ||||||||
Credit Minerval | 16.80% annual, Decl Bal | 1 Fee | 1 Ins Ins | 18.00% fees | N/A | 18.2% - 21.6% | 19% - 22.9% | 81 | ||||||||
Credit Ordinaire | 20.40% annual, Decl Bal | 1 Fee | 1 Ins Ins | 18.00% fees | N/A | 21% - 22.1% | 21.7% - 22.9% | 91 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loans | 96.0%-120.0% annual, Flat | 2 Fees | 0 Ins Ins | None | N/A | 224.9% - 233.5% | 224.9% - 233.5% | 42 | ||||||||
Group Loans | 72.0%-96.0% annual, Flat | 0 Fees | 0 Ins Ins | None | 10.0% upfront | 108.1% - 139.4% | 126.6% - 161.7% | 49 | ||||||||
Personal Loans | 120.0%-144.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 217.9% - 229.5% | 252% - 265.7% | 46 | ||||||||
Salary Advance | 276.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 270.3% - 280.2% | 270.3% - 280.2% | 100 | ||||||||
Scheme Loans | 60.0%-96.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 77.6% - 146.2% | 77.6% - 146.2% | 58 |
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