Cooperative De La Jeuneuse Pour L'Auto D'Emploi Et Developement - Trade Loan - MFTransparency.org Truth In Lending Tables

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Institution

Cooperative De La Jeuneuse Pour L'Auto D'Emploi Et Developement Head OfficeKigaliPO Box 3739

Data approved: 2012-10-05

Data version: 2

Age of data: 143 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (RWF)	RWF 191,511,326
Portfolio (USD)	USD 303,986
Active Clients with Loans	175
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

This loan product is used mainly for commercial activities . This loan can be used mainly for businesses.

Loan Purpose

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

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training	x
Other training
Other
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 cooperative
Other (2)	SME's

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	3
Regions Active	Gasabo, Kicukiro, Nyarugenge

Loan Conditions

Loan Amount

Currency	RWF
Minimum loan size	RWF 300,000
Maximum loan size	5,000,000

Distribution at Disbursement (Est.)

Loans less than RWF 500,000	15%
RWF 500,000-1,500,000	20%
RWF 1,500,000-2,500,000	20%
RWF 2,500,000-3,500,000	15%
RWF 3,500,000-4,500,000	15%
Greater than RWF 4,500,000	15%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	15%
Between 4 and 6 months	15%
Between 7 and 9 months	30%
Between 10 and 12 months	15%
Between 13 and 18 months	15%
Longer than 18 months	10%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	18.00%
Highest quoted nominal interest	36.00%
Reason(s) why interest rate varies	Loan Purpose
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Commission Fee	Processing Fee
% of loan amount - min	1.00%	1.50%
% of loan amount - max	1.00%	1.50%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0.02%
% of loan amount - max	7.94%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Depends on age of client, loan size and term.
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Some
Criteria	If absence of other reliable guarantee
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	25.00%
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	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Trade Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	RWF 500,000	RWF 1,000,000	RWF 2,000,000	RWF 3,000,000	RWF 4,000,000
Loan Cycle (1, 2, 3, etc)	1	2	1	2	3
Disbursement Date	2012-09-25	2012-06-22	2012-07-24	2012-07-12	2012-09-07
Loan Term (Months)	12.0 months	6.0 months	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.3 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	RWF 88,855	RWF 101,360	RWF 598,288	RWF 897,972	RWF 1,197,296
True Price by Comp
Interest price component	26.4%	23.2%	23.7%	23.7%	23.8%
Fee Component	4.9%	8.2%	2.7%	2.7%	2.6%
Insurance Component	0.5%	0.4%	0.5%	0.5%	0.6%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	22.7%	20.9%	17.9%	18.0%	18.1%
Full APR (int fee ins tax dep)	54.5%	52.7%	44.8%	44.9%	45.1%
Transparency Index	33	34	40	40	40

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

Trade Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	157
Ahantaman RB	23,800	9,896,000	4	139
APED	13,700	1,876,000	2	139
ASA Initiative	4,400	577,000	4	139
ASA-Ghana	71,600	18,385,000	2	139
ASPI	800	88,000	6	139
Atwima Kwanwoma	3,800	1,788,000	2	139
Baobab	5,100	967,000	2	139
BestFUND	13,000	4,172,000	3	139
Bonzali Rural	10,400	1,691,000	4	157
CashPhase	83	135,000	2	139
CASUD	1,100	524,000	1	139
CEDEF	500	54,000	4	139
CFF	100	13,000	1	139
CRAN	3,600	1,019,000	2	139
DQF	1,700	63,000	2	139
EASL	9,200	11,409,000	6	139
East Mamprusi	12,500	2,268,000	4	139
ELDA	0	0	0	139
EMPRETEC Ghana	200	56,000	2	139
FASL	13,500	14,047,000	8	139
Grameen Ghana	9,500	507,000	3	139
ID-Ghana	5,600	953,000	3	139
Innovative Finance	2,700	354,000	3	139
Kraban Support	7,700	781,000	5	157
KRB	4,000	6,350,000	3	139
Lower Pra RB	34,000	6,316,000	3	157
Maata-N-Tudu	12,000	941,000	4	139
Mail Finance	300	288,000	1	139
Markaz	0	0	0	139
Markaz Al Bishara	100	17,000	1	139
MicrofinPlus Gh	1,100	251,000	2	139
Nwabiagya RB	4,000	2,265,000	3	139
OISL	62,000	27,232,000	9	139
Pro Credit	0	0	0	139
Rich Step	100	101,000	1	139
SAT	147,600	29,359,000	4	139
Sekam Trust	600	137,000	2	139
Simli Pong	8,900	463,000	3	157
SS Ghana	200	35,000	1	139
TCCU	100	32,000	3	139
The Bridge	400	32,000	3	157
Union RB	3,800	2,361,000	4	139

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

Product

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

Trade Loan samples

Trade Loan Price Graphs

Total Borrowers of Samples

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