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Institution
Data approved: 2013-08-02
Data version: 2
Age of data: 131 months
Key Statistics
| Outstanding portfolio (USD) | USD 46,171,401 |
| Portfolio (USD) | USD 46,171,401 |
| Active Clients with Loans | 1,183 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| 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 generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Loan Conditions
Loan Amount
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 150,000 |
Distribution at Disbursement (Est.)
| Loans less than USD 1,500 | 30% |
| USD 1,500-5,000 | 20% |
| USD 5,000-10,000 | 20% |
| USD 10,000-15,000 | 10% |
| USD 15,000-18,000 | 10% |
| Greater than USD 18,000 | 10% |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 60.0 months |
| Approx average | 48.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
Grace Period
| Grace period usage | 10% |
| Average grace period | 4.0 months |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
Pricing Information
Interest
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 27.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.30% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | El 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 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 |
Full Pricing Data
Microcredito Productivo (USD) samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | USD 2,500 | | USD 3,000 | | USD 19,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-12-18 | | 2013-10-10 | | 2013-03-15 |
| Loan Term (Months) | 18.0 months | | 37.0 months | | 37.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 3.1 months |
| Total Cost of Credit | USD 418.32 | | USD 1,043.74 | | USD 6,609.16 |
| True Price by Comp | | | | | |
| Interest price component | 20.6% | | 21.7% | | 18.9% |
| Fee Component | 0.0% | | 0.0% | | 0.0% |
| Insurance Component | 0.6% | | 0.5% | | 0.5% |
| Tax Component | 0.0% | | 0.2% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 21.2% | | 22.4% | | 19.4% |
| Transparency Index | 85 | | 80 | | 93 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Microcredito Productivo (USD) Price Graphs
