Number borrowers | 107 |
Loan Amount (range) | USD 1,000 - 2,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 22.5%-26.0% annual, Decl Bal |
Fees | 5.00% upfront 5.00% ongoing |
Insurance | None |
Tax | 15.00% Principal |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.8% (Int+Fee) |
Insurance Component | 0 - 0.6% |
Tax Component Range | 0 - 0.4% |
Full APR (int fee ins tax dep) | 26.0% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 87 |
5,271 |
USD 500 - 20,000 |
3 - 36 |
Credit Ins, Tech Asst Visits |
22.5%-26.9% annual, Decl Bal |
None |
6.00% ongoing |
None |
N/A |
N/A |
22.4% - 26.8% (Int+Fee) |
0.6% - 0.8% |
0 |
23.1% - 27.4% |
39 - 104 |
92 |
Outstanding portfolio (USD) | USD 104,671.67 |
Portfolio (USD) | USD 104,671.67 |
Active Clients with Loans | 107 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
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 | x |
Must be specific age group | |
Other | AntigàŒedad mínima de 1 año en trabajo. Buenos antecedentes personales y crediticios. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 58,261,946 |
Portfolio (USD) | USD 58,261,946 |
Active Clients with Loans | 5,271 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de terrenos destinados al negocio |
Other (2) | Compra/arreglo locales comerciales |
Credit education | |
Group meetings | |
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 | Al menos 24 meses de experiencia en su actividad |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 1,000 |
Maximum loan size | 2,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 22.0 months |
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 |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 20,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 30.0 months |
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 | 22.50% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Desgravamen |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Desgravamen |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 22.50% |
Highest quoted nominal interest | 26.90% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Cobro de seguro de desgravamen sobre el monto pendiente de Capital |
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 |
Sample 1 | |
---|---|
Loan Amount | USD 1,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-02-02 |
Loan Term (Months) | 24.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 25.8% |
Insurance Component | 0 |
Tax Component | 0.2% |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 26.0% |
Transparency Index | 87 |
Original Repayment Schedule | |
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 2,000 | USD 4,000 | USD 6,000 | USD 8,600 | USD 12,500 | USD 17,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-28 | 2010-06-17 | 2010-06-08 | 2010-06-17 | 2010-06-08 | 2010-06-30 | |||||
Loan Term (Months) | 15.0 months | 24.0 months | 36.0 months | 24.0 months | 36.0 months | 36.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 26.8% | 24.4% | 23.9% | 23.9% | 22.4% | 22.5% | |||||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 27.4% | 25.1% | 24.5% | 24.5% | 23.1% | 23.1% | |||||
Transparency Index | 82 | 90 | 92 | 92 | 98 | 98 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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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