2. CIDRE
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. INSOTEC
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CIDRE Calle Juan de la Cruz Torrez N° 1674, CercadoCochabamba, Bolivia28034
Data approved: 2013-08-02
Data version: 2
Age of data: 130 months
Choose version

Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Product

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Product

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Product Summary

Number borrowers740
Loan Amount (range)USD 500 - 126,000
Loan Term (range)6 - 60
Other Services (text summary)Credit Ins, Business Training
Annual Interest & Method18.0%-27.0% annual, Decl Bal
FeesNone
Insurance0.30%-3.00% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component16.1% - 26.7%
Fee Component0 - 1.0%
Insurance Component0 - 1.1%
Tax Component Range0 - 0.2%
Full APR (int fee ins tax dep)18.6% - 27.3%
Transparency Index (min/max)59 - 97
Transparency Index (average)80

Product Summary

172
USD 300 - 1,000
3 - 8
Credit Ins
24.5%-26.9% annual, Decl Bal
1.90% ongoing
None
None
N/A
 
N/A
27.2% - 27.3% (Int+Fee)
2.7% - 3.2%
0
30.3% - 30.4%
73 - 87
80

Product Details

Key Statistics
Outstanding portfolio (USD)USD 39,912,313
Portfolio (USD)USD 39,912,313
Active Clients with Loans740
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito destinado a satisfacer las necesidades de capital de trabajo o capital de inversiones de agricultores, microempresarios o trabajadores por cuenta propia, desde US$ 200 hasta US$ 10.000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
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 ActiveChuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (USD)USD 73,328.71
Portfolio (USD)USD 73,328.71
Active Clients with Loans172
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
El objetivo del producto es facilitar el financiamiento microemresarial de capital de trabajo, presenta un esquema de funcionamiento que reduce el costo transaccional del cliente.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherUsar solo para capital de trabajo
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 businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
OtherPropietario de Terreno
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 500
Maximum loan size126,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50015%
USD 1,500-5,00020%
USD 5,000-10,00030%
USD 10,000-15,00015%
USD 15,000-18,00010%
Greater than USD 18,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average48.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months20%
Longer than 18 months50%
Grace Period
Grace period usage10%
Average grace period4.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 months
Every 12 monthsx
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 300
Maximum loan size1,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term8.0 months
Approx average7.2 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest27.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.30%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationEl costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo.
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest24.45%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesDepende del sector donde estan ubicados los clientes que se determinan por nivel de pobreza de acuerdo a como lo establece el Sistema Nacional de Microfinanzas.\rTipo A los más pobres\rTipo B intermedios\rTipo C menos pobres
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de Vida, Seguro de Desgravamen
% of loan amount - min1.90%
% of loan amount - max1.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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

Full Pricing Data

Microcredito para Comercio y Servicios (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 5,500USD 10,000USD 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-04-052014-04-012014-04-01
Loan Term (Months)18.0 months24.0 months37.0 months
Grace Period (Months)3.1 months0.0 months0.0 months
Total Cost of CreditUSD 1,170.50USD 2,875USD 4,301.25
True Price by Comp     
Interest price component22.5%26.7%18.0%
Fee Component0.0%0.0%0.0%
Insurance Component0.6%0.6%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)23.1%27.3%18.6%
Transparency Index786697
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

SINCO samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 450USD 450USD 900USD 1,000
Loan Cycle (1, 2, 3, etc)2223
Disbursement Date2010-07-022010-06-212010-06-172010-06-02
Loan Term (Months)6.0 months6.0 months6.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component27.3%27.3%27.2%27.3%
Insurance Component3.1%3.1%3.1%3.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.4%30.4%30.3%30.4%
Transparency Index81818180
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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