2. Fortaleza
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. EASL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 130 months
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Institution

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra
Data approved: 2013-07-31
Data version: 1
Age of data: 139 months

Product

Crédito para Capital de Inversión Product 13 of 13 « Prev | Next »

Product

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Product Summary

Number borrowers4,344
Loan Amount (range)BOB 16,000 - 350,000
Loan Term (range)3 - 244
Other Services (text summary)Credit Ins
Annual Interest & Method18.0%-27.5% annual, Decl Bal
FeesNone
Insurance1.93%-2.60% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component12.1% - 27.6%
Fee Component0
Insurance Component0.2% - 2.1%
Tax Component Range0
Full APR (int fee ins tax dep)19.0% - 27.8%
Transparency Index (min/max)8 - 1062
Transparency Index (average)100

Product Summary

265
GHS 15,000 - 30,000
3 - 24
Credit Ins
42.0%-45.0% annual, Flat
1.50%-2.00% upfront
0.55%-1.00% upfront
None
 
57.7% - 86.0%
2.2% - 9.1%
0.6% - 4.5%
0 - 0.6%
75.2% - 78.2%
27 - 66
54

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 427,064,738
Portfolio (USD)USD 63,268,850.07
Active Clients with Loans4,344
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos destinados a financiar los requerimientos de inversión tales como: la compra o ampliación de infraestructura (talleres, terrenos, depósitos, etc) o adquisiciones e importación de nueva tecnología
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 training
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 institution6
# Regions for this product6
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,771,347.57
Portfolio (USD)USD 1,406,775.42
Active Clients with Loans265
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Flexible financing for the growth of your business. Minimum 12 months business experience. 10% interest payback when cash installments are on time.
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 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 groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveGreater Accra Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 16,000
Maximum loan size350,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,0000
BOB 10,000-40,00020%
BOB 40,000-70,00040%
BOB 70,000-100,00010%
BOB 100,000-125,00015%
Greater than BOB 125,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term244.0 months
Approx average58.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 15,000
Maximum loan size30,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months70%
Between 13 and 18 months15%
Longer than 18 months0
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 interest1.50%
Highest quoted nominal interest2.29%
Reason(s) why interest rate variesCollateral
Interest rate periodMonthly
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 - min1.93%
% of loan amount - max2.60%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLa comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente.
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 interest3.50%
Highest quoted nominal interest3.75%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 1.5% to 2.0% in March 2013.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.55%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 0.55% to 1.0% in July 2013.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired only if physical collateral provided is not sufficient.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Crédito para Capital de Inversión samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountBOB 43,000BOB 67,000BOB 80,000BOB 110,000BOB 135,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2014-01-082014-01-082013-09-182014-01-082014-01-08
Loan Term (Months)60.0 months60.0 months48.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditBOB 25,699.70BOB 53,891.98BOB 38,400.32BOB 60,284.28BOB 95,493.38
True Price by Comp         
Interest price component19.6%25.6%20.1%18.1%27.6%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.9%0.8%0.9%0.9%0.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.5%26.4%21.0%19.0%27.8%
Transparency Index10010010010065
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Micro Plus samples
Sample 1Sample 2Sample 3
Loan AmountGHS 15,000GHS 15,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-07-112012-11-092013-06-10
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.1 months0.2 months0.0 months
Total Cost of CreditGHS 7,207GHS 7,064.50GHS 7,139.50
True Price by Comp     
Interest price component71.8%70.9%72.4%
Fee Component4.2%3.1%4.2%
Insurance Component2.1%1.1%1.1%
Tax Component0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)78.2%75.2%77.8%
Transparency Index545654
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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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