Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.fassil.com.bo/ |
Year established | 1996 |
Head of Institution | Juan Ricardo Mertens Olmos |
Regions active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
# Branches | 109 |
Total Portfolio (nat'l) | BOB 2,194,299,220 |
Total Portfolio (USD) | USD 325,081,365.90 |
Active clients with loans | 57,688 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 80% - 100% |
Network affiliations | |
Funders | Santa Cruz Financial Group S.A., Nacional Vida Seguros de Personas S.A., Latina Seguros Patrimoniales S.A., Juan Ricardo Mertens Olmos |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credifassil Microempresas | BOB 7,000 - 140,000 | 3 - 96 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Ahorro | |||||||
Credifassil Pyme | BOB 7,000 - 9,671,865 | 3 - 96 | 20% - 40% | 80% - 100% | Business | Women, Men, Have business | Credit Ins | |||||||
Credito Vivienda | BOB 35,000 - 9,671,865 | 12 - 36 | 60% - 80% | 60% - 80% | Business, Housing | Women, Men, Have business, Have home or land | Credit Ins | |||||||
Credito Vivienda (USD) | USD 5,000 - 9,671,865 | 12 - 36 | 40% - 60% | 60% - 80% | Housing | Women, Men, Have home or land, Salaried worker | Credit Ins, Ahorro | |||||||
Libre Disponibilidad (Microempresas y Pyme) | BOB 7,000 - 9,671,865 | 3 - 48 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have home or land, Salaried worker | Credit Ins, Ahorro |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credifassil Microempresas | 13.0%-28.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 13.1% - 29.2% | 14.3% - 29.2% | 59 | ||||||||
Credifassil Pyme | 13.0%-28.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 13.1% - 21.1% | 14.3% - 22.3% | 77 | ||||||||
Credito Vivienda | 11.0%-18.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 14.1% - 18.1% | 15.5% - 19.5% | 62 | ||||||||
Credito Vivienda (USD) | 13.0%-20.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 16.1% - 20.1% | 17.5% - 21.5% | 65 | ||||||||
Libre Disponibilidad (Microempresas y Pyme) | 18.0%-32.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.1% - 32% | 23.3% - 33.2% | 67 |
Outstanding portfolio (GHS) | GHS 438,233 |
Portfolio (USD) | USD 222,453.30 |
Active Clients with Loans | 379 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Savings promotion |
Other (2) | |
No other services |
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) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Central Region, Western Region, Volta Region |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 50% |
GHS 1,000-5,000 | 40% |
GHS 5,000-7,500 | 10% |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 42.00% |
Highest quoted nominal interest | 42.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.75% |
% of loan amount - max | 1.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.25% |
% of loan amount - max | 1.25% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 400 | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-12-12 | 2012-06-22 | 2013-01-23 | 2012-12-21 | 2013-01-30 | 2012-12-17 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 12.0 months | 6.0 months | |||||
Grace Period (Months) | 0.1 months | 0.0 months | 0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 96 | GHS 192 | GHS 360 | GHS 720 | GHS 2,700 | GHS 2,400 | |||||
True Price by Comp | |||||||||||
Interest price component | 66.8% | 66.2% | 67.1% | 67.0% | 68.6% | 66.9% | |||||
Fee Component | 6.3% | 6.3% | 6.4% | 6.4% | 3.7% | 6.4% | |||||
Insurance Component | 4.6% | 4.6% | 4.6% | 4.6% | 2.6% | 4.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 33.7% | 33.7% | 33.8% | 34.0% | 31.2% | 33.8% | |||||
Full APR (int fee ins tax dep) | 111.4% | 110.8% | 111.9% | 112.0% | 106.1% | 111.7% | |||||
Transparency Index | 38 | 38 | 38 | 38 | 40 | 38 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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