2. Ecofuturo
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. COAC FondVida
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

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2013-12-31
Data version: 2
Age of data: 130 months
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Institution

COAC FondVida Flavio Alfaro Oe6 - 150 y Francisco DavilaQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Product

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Product

Crédito Grupal Solidario Product 3 of 4 « Prev | Next »

Product Summary

180
USD 500 - 1,500
6 - 15
Credit Educ, Group Mtgs, Credit Ins, Business Training, Capacitación en proyectos de vida y espíritu emprendedor
14.0%-18.5% annual, Decl Bal
1.00% upfront
None
None
5.00 ongoing
 
N/A
18.8% (Int+Fee)
0.1% - 5.3%
0
20.8% - 21.2%
0 - N/A
66

This institution provided data on this product on 2010-11-09 and the product was no longer active when they submitted data on 2013-12-31.

Product Details

Key Statistics
Outstanding portfolio (USD)USD 111,491
Portfolio (USD)USD 111,491
Active Clients with Loans180
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Es un crédito donde la garantía es solidaria en el grupo el cual está conformado por un mínimo de 5 personas. Utlizan el crédito para el desarrollo de iniciativas económicas. La documentación utilizada es la mínima.
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
OtherCapacitación en proyectos de vida y espíritu emprendedor
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherLos grupos se conforman con personas de la misma zona de residencia
Other (2)Se utiliza la garantía grupal
# 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 size1,500
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term15.0 months
Approx average8.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest14.00%
Highest quoted nominal interest18.50%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 5
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.50%
Maximum interest rate paid4.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Las reuniones que se tienen esta metodología permiten que los integrantes de grupo vayan formandose en temas de autoestima, administración de negocios, desarollo comunitario, etc. No utilizamos las reuniones para cobros. Adicionalmente el grupo tiene una cuenta de ahorros en general como grupo en donde depositan los ahorros de sus integrantes de acuerdo al compromiso al que llegaron al inicio. Cada integrante de grupo tiene su propia cuenta de ahorros en donde realizamos pagos.

Full Pricing Data

Crédito Grupal Solidario samples
Sample 1Sample 2Sample 3
Loan AmountUSD 1,000USD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-07-292010-08-182010-08-18
Loan Term (Months)12.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component18.8%18.8%18.8%
Insurance Component1.9%2.3%2.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.1%0.2%0.2%
Full APR (int fee ins tax dep)20.8%21.2%21.2%
Transparency Index676666
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Crédito Grupal Solidario Price Graphs


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# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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