Cooperativa de Ahorro y Credito la Benefica - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 175 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: 175 months

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Institution Details

Institution Type	Credit Union / Cooperative
Is this institution regulated?	No
Website address	N/A
Year established	1994
Head of Institution	Fredy Yugcha Toala
Regions active
# Branches	3

Total Portfolio (nat'l)	USD 8,513,791
Total Portfolio (USD)	USD 8,513,791
Active clients with loans	3,278
Approximate % female clients	40% - 60%
Approximate % urban clients	60% - 80%
Network affiliations
Funders

Loan Products » Summary

Consumo

1,478 Borrowers

USD 3,555,876 Portfolio

Grupo

140 Borrowers

USD 446,596 Portfolio

Avanzar

241 Borrowers

USD 1,252,680 Portfolio

Facil

85 Borrowers

USD 1,951,574 Portfolio

Nacer

566 Borrowers

USD 752,882 Portfolio

Plus

22 Borrowers

USD 522,903 Portfolio

Note: MFTransparency presents full data for s 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	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Consumo	14.4% annual, Decl Bal	1 Fee	None	5.00 ongoing	14% - 14.6%	15.3% - 16.1%	91
Credi Grupo	23.2% annual, Decl Bal	1 Fee	None	10.00% ongoing	23.6%	26.2%	89
Microcrédito Avanzar	19.6% annual, Decl Bal	1 Fee	None	5.00 ongoing	19.6% - 20.4%	20.9% - 21.8%	92
Microcrédito Fácil	20.0% annual, Decl Bal	0 Fees	None	N/A	20.3%	20.3%	99
Microcrédito Nacer	20.9% annual, Decl Bal	1 Fee	None	5.00 ongoing	21.1% - 21.2%	22.7% - 23.1%	91

Institution Price Graph

Loan Size/

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Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Tanzania M.F.C. Limited Plot # 84 Morogoro Rd,Dar es SalaamP.O Box 78783

Data approved: 2014-11-04

Data version: 3

Age of data: 122 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (TZS)	TZS 5,871,004,648
Portfolio (USD)	USD 3,692,455.75
Active Clients with Loans	12,475
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This loan is given to groups of between 5 to 10 members who can borrow up to TZS 4,000,000.

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	x
Credit insurance	x
Workplace visits	x
Business training
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 (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	14
# Regions for this product	15
Regions Active	Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tanga

Loan Conditions

Loan Amount

Currency	TZS
Minimum loan size	TZS 350,000
Maximum loan size	4,000,000

Distribution at Disbursement (Est.)

Loans less than TZS 350,000	0
TZS 350,000-1,250,000	90%
TZS 1,250,000-2,000,000	10%
TZS 2,000,000-3,000,000	0
TZS 3,000,000-4,000,000	0
Greater than TZS 4,000,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	8.7 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	40%
Between 10 and 12 months	30%
Between 13 and 18 months	0
Longer than 18 months	0

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
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	5.40%
Highest quoted nominal interest	5.40%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Disbursement Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small Group Loan samples

Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	True Price by Component					Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
TZS 450,000	Generated	2015-03-01	6.0 months	N/A	TZS 92,587.75	66.8%	63.2%	3.6%	0.0%	0.0%	0.0%	97	-	PDF
TZS 700,000	Generated	2015-03-01	9.0 months	N/A	TZS 208,424.88	65.8%	63.2%	2.6%	0.0%	0.0%	0.0%	99	-	PDF
TZS 930,000	Generated	2015-03-01	9.0 months	N/A	TZS 276,907.34	65.8%	63.2%	2.6%	0.0%	0.0%	0.0%	99	-	PDF
TZS 1,250,000	Generated	2015-03-01	9.0 months	N/A	TZS 372,187.28	65.8%	63.2%	2.6%	0.0%	0.0%	0.0%	99	-	PDF
TZS 1,500,000	Generated	2015-03-01	9.0 months	N/A	TZS 446,624.74	65.8%	63.2%	2.6%	0.0%	0.0%	0.0%	99	-	PDF
TZS 1,725,000	Generated	2015-03-01	12.0 months	N/A	TZS 679,011	65.2%	63.2%	2.0%	0.0%	0.0%	0.0%	99	-	PDF
TZS 1,850,000	Generated	2015-03-01	12.0 months	N/A	TZS 728,214.70	65.2%	63.2%	2.0%	0.0%	0.0%	0.0%	99	-	PDF
TZS 2,000,000	Generated	2015-03-01	12.0 months	N/A	TZS 787,259.13	65.2%	63.2%	2.0%	0.0%	0.0%	0.0%	99	-	PDF

Small Group Loan Price Graphs

Loan Size/

Loan Term/

Custom

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
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By Country

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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Description

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Term and Grace Period

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Small Group Loan samples

Small Group Loan Price Graphs

Total Borrowers of Samples

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