Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.grupofortaleza.com.bo/ |
Year established | 2002 |
Head of Institution | Nelson Hinojosa Jimenez |
Regions active | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
# Branches | 7 |
Total Portfolio (nat'l) | BOB 1,120,213,180 |
Total Portfolio (USD) | USD 165,957,508.10 |
Active clients with loans | 21,147 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 60% - 80% |
Network affiliations | ASOFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Anticrédito Hoy | BOB 15,000 - 140,000 | 25 - 62 | 40% - 60% | 60% - 80% | Business, Activo Fijo | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Dinero Hoy | BOB 15,000 - 30,000 | 6 - 50 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Linea de Credito Optima | BOB 14,000 - 140,000 | 27 - 118 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Crédito Tasa 0 | BOB 1,440 - 35,000 | 24 - 61 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins | |||||||
Crédito Capital Expreso | BOB 70,000 - 350,000 | 5 - 69 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins | |||||||
Crédito Hipotecario de Vivienda | BOB 70,000 - 14,000,000 | 24 - 305 | 0% - 20% | 60% - 80% | Vivienda | Women, Men, Have business, Salaried worker | Credit Ins | |||||||
Crédito Vehículo Nuevo | BOB 40,000 - 700,000 | 49 - 98 | 20% - 40% | 60% - 80% | Uso particular compra vehiculo nuevo | Women, Men, Salaried worker | Credit Ins | |||||||
Crédito de Consumo | BOB 16,000 - 600,000 | 1 - 152 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Crédito para Capital de Operaciones | BOB 16,000 - 350,000 | 3 - 119 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins | |||||||
Crédito para Capital de Inversión | BOB 16,000 - 350,000 | 3 - 244 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Anticrédito Hoy | 20.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 20.1% | 21% | 96 | ||||||||
Dinero Hoy | 22.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.1% | 22.9% | 96 | ||||||||
Linea de Credito Optima | 21.6% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 21.7% | 22.5% | 96 | ||||||||
Crédito Tasa 0 | 19.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 19.1% | 20% | 95 | ||||||||
Crédito Capital Expreso | 15.5% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 15.2% - 17.9% | 16% - 20% | 59 | ||||||||
Crédito Hipotecario de Vivienda | 11.0%-18.5% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 15.3% - 18.6% | 16.4% - 19.5% | 43 | ||||||||
Crédito Vehículo Nuevo | 12.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 12.1% | 13% | 62 | ||||||||
Crédito de Consumo | 17.0%-27.5% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 17.1% - 27.6% | 18% - 28.4% | 100 | ||||||||
Crédito para Capital de Operaciones | 18.0%-27.5% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 18.6% - 27.6% | 19.5% - 28.4% | 100 | ||||||||
Crédito para Capital de Inversión | 18.0%-27.5% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 18.1% - 27.6% | 19% - 27.8% | 100 |
Outstanding portfolio (TZS) | TZS 5,871,004,648 |
Portfolio (USD) | USD 3,692,455.75 |
Active Clients with Loans | 12,475 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
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 | 14 |
# Regions for this product | 15 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tanga |
Currency | TZS |
Minimum loan size | TZS 350,000 |
Maximum loan size | 4,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 90% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.7 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
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 | 5.40% |
Highest quoted nominal interest | 5.40% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Disbursement Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
TZS 450,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 92,587.75 | 66.8% | 63.2% | 3.6% | 0.0% | 0.0% | 0.0% | 97 | - | |
TZS 700,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 208,424.88 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 930,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 276,907.34 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,250,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 372,187.28 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,500,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 446,624.74 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,725,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 679,011 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,850,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 728,214.70 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 2,000,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 787,259.13 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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