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Institution
Data approved: 2013-09-13
Data version: 2
Age of data: 133 months
Description
Microcrédito es todo crédito concedido a un prestatario, sea persona natural o jurídica o grupo de prestatarios, con garantías personales, mancomunadas, solidarias, prendarias, hipotecarias u otras modalidades de garantías propias del sector rural
Any purpose Income generation x Mortgage/housing x Consumer loan x Agriculture x Education x Other household finance Other Other (2)
Credit education Group meetings Credit insurance x Workplace visits Business training Other training Other Other (2) No other services
Men x Women x Must run a business 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 6 # Regions for this product 5 Regions Active Beni , Chuquisaca , Cochabamba , Santa Cruz, Tarija
Loan Conditions
Currency BOB Minimum loan size BOB 3,500 Maximum loan size 735,000
Loans less than BOB 10,000 30% BOB 10,000-40,000 40% BOB 40,000-70,000 10% BOB 70,000-100,000 5% BOB 100,000-125,000 5% Greater than BOB 125,000 5%
Shortest loan term 3.0 months Longest loan term 84.0 months Approx average 41.0 months
Loans 3 months or less 0 Between 4 and 6 months 0 Between 7 and 9 months 0 Between 10 and 12 months 0 Between 13 and 18 months 0 Longer than 18 months 100%
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly x Every 6 months x Every 12 months Single end payment x Irregular payments x
Pricing Information
Interest
Lowest quoted nominal interest 13.00% Highest quoted nominal interest 36.00% Reason(s) why interest rate varies Time as Client, Loan Size, Client Risk, Collateral Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? No Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Comision por Gastos Administrativos % of loan amount - min 0.86% % of loan amount - max 2.86% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Las diferencias se dan por monto del crédito 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 Ins 1 Description Seguro de Desgravamen % of loan amount - min 0.17% % of loan amount - max 4.60% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Se cobra mensualmente 0.55/1000 para el titular del préstamo, y se sube a 0.75/1000 cuando hay codeudor. Appears on Repayment Sched? Yes
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 - BOB sample s
Sample 1Sample 2Sample 3Sample 4Loan Amount BOB 9,000 BOB 20,000 BOB 34,300 BOB 63,000 Loan Cycle (1, 2, 3, etc)Not Known Not Known Not Known Not Known Disbursement Date 2013-10-24 2014-01-28 2013-12-23 2013-11-15 Loan Term (Months) 49.0 months 48.0 months 37.0 months 50.0 months Grace Period (Months)-0.1 months -0.2 months 0.5 months 1.7 months Total Cost of Credit BOB 5,420.50 BOB 10,255.83 BOB 9,813.80 BOB 34,946.18 True Price by Comp Interest price component 24.1% 21.1% 15.6% 21.1% Fee Component 1.0% 0.6% 0.6% 0.5% Insurance Component 0.6% 0.6% 0.1% 0.4% Tax Component 0.0% 0.0% 0.0% 0.0% Deposit Component 0.0% 0.0% 0.0% 0.0% Full APR (int fee ins tax dep)25.7% 22.3% 16.3% 22.0% Transparency Index 51 58 80 59 Original Repayment Schedule PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Microcredito - BOB Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose FONDECO Institution BO-015-V02-P03 Product BO Country 2013 Year Range Number 2 Institution Data Version 0 20,000 40,000 60,000 Loan Size (all) 0% 10% 20% Full APR (int fee ins tax dep) > 100 80 10 Number of Borrowers