2. COAC LaBenefica
Please note that the information you are viewing is 174 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Ahorro y Credito la Benefica La Concordia Santo DomingoEl Carmen, Manabi
Data approved: 2010-11-08
Data version: 1
Age of data: 174 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established1994
Head of InstitutionFredy Yugcha Toala
Regions active
# Branches3

Total Portfolio (nat'l)USD 8,513,791
Total Portfolio (USD)USD 8,513,791
Active clients with loans3,278
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

Consumo
1,478 Borrowers
USD 3,555,876 Portfolio
Active Product
Grupo
140 Borrowers
USD 446,596 Portfolio
Active Product
Avanzar
241 Borrowers
USD 1,252,680 Portfolio
Active Product
Facil
85 Borrowers
USD 1,951,574 Portfolio
Active Product
Nacer
566 Borrowers
USD 752,882 Portfolio
Active Product
Plus
22 Borrowers
USD 522,903 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo USD 100 - 30,000 6 - 36 40% - 60% 60% - 80% Any Purpose Women, Men, Salaried worker
Credi Grupo USD 200 - 800 6 - 10 60% - 80% 20% - 40% Any Purpose Women, Men
Microcrédito Avanzar USD 3,001 - 10,000 6 - 36 80% - 100% 60% - 80% Business Women, Men, Have business
Microcrédito Fácil USD 100 - 5,000 1 40% - 60% 80% - 100% Business, Other Women, Men, Have business
Microcrédito Nacer USD 100 - 3,000 6 - 18 80% - 100% 60% - 80% Business Women, Men, Have business Credit Educ, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo 14.4% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 14% - 14.6% 15.3% - 16.1% 91
Credi Grupo 23.2% annual, Decl Bal 1 Fee 0 Ins None 10.00% ongoing 23.6% 26.2% 89
Microcrédito Avanzar 19.6% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 19.6% - 20.4% 20.9% - 21.8% 92
Microcrédito Fácil 20.0% annual, Decl Bal 0 Fees 0 Ins None N/A 20.3% 20.3% 99
Microcrédito Nacer 20.9% annual, Decl Bal 1 Fee 0 Ins None 5.00 ongoing 21.1% - 21.2% 22.7% - 23.1% 91
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.CoopInstitution TypeAnyBusinessMultipleLoan PurposeCOAC LaBeneficaInstitutionEC-018-V01-P01EC-018-V01-P02EC-018-V01-P03EC-018-V01-P04EC-018-V01-P05ProductECCountry2010YearRange Number1Institution Data Version02,0004,0006,0008,00010,00012,000Loan Size (all)0%10%20%Full APR (int fee ins tax dep)> 20010010Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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  2. Jamii Bora
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

Jamii Bora P.O. Box 22741-00400Nairobi
Data approved: 2013-07-02
Data version: 2
Age of data: 145 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (KES)KES 43,259,200
Portfolio (USD)USD 522,454.11
Active Clients with Loans1,142
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed with a group methodology, for loans below KES 100,000. Group members co-guarantee, and sometimes more security is required.
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 visits
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 institution7
# Regions for this product7
Regions ActiveCentral, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00010%
KES 50,000-150,00090%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionChattels 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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit/Life Insurance 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?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaUpfront compulsory deposit rule: 1st cycle loans = 50% requirement. Multiple cycle loans = 30% requirement.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00% - 50.00%
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

Micro Group samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 13,500KES 23,000KES 47,000KES 98,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-062013-06-182013-04-302013-05-29
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 3,125.80KES 5,325.40KES 10,882.35KES 22,690.80
True Price by Comp       
Interest price component40.5%40.5%40.5%40.5%
Fee Component2.3%2.2%2.2%2.2%
Insurance Component2.2%2.3%2.3%2.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component44.2%44.2%44.2%44.2%
Full APR (int fee ins tax dep)89.2%89.2%89.2%89.2%
Transparency Index25252525
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Micro Group Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeBusinessLoan PurposeJamii BoraInstitutionKE-010-V02-P08ProductKECountry2013YearRange Number2Institution Data Version020,00040,00060,00080,000100,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 1,00070050020020Number of Borrowers
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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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