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Institution
Data approved: 2013-08-20
Data version: 2
Age of data: 131 months
Key Statistics
| Outstanding portfolio (USD) | USD 2,510,126.83 |
| Portfolio (USD) | USD 2,510,126.83 |
| Active Clients with Loans | 1,142 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Metodología de crédito direccionado a la provisión de microcréditos a clientes urbanos y rurales dedicados a actividades económicas de: comercio, servicios, pequeña industria y agropecuaria.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
Loan Conditions
Loan Amount
| Currency | USD |
| Minimum loan size | USD 150 |
| Maximum loan size | 15,000 |
Distribution at Disbursement (Est.)
| Loans less than USD 1,500 | 10% |
| USD 1,500-5,000 | 80% |
| USD 5,000-10,000 | 10% |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 60.0 months |
| Approx average | 26.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 34.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| 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
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | El Cliente Seguro de Vida |
| % of loan amount - min | 0.16% |
| % of loan amount - max | 2.40% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo del préstamo pendiente. |
| Appears on Repayment Sched? | Yes |
Compulsory Deposit
| 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
Microcrédito Productivo Individual (USD) samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | USD 3,000 | | USD 5,000 | | USD 5,250 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2013-12-12 | | 2013-12-12 | | 2013-04-17 |
| Loan Term (Months) | 48.0 months | | 18.0 months | | 48.0 months |
| Grace Period (Months) | 0.1 months | | 0.1 months | | 0.0 months |
| Total Cost of Credit | USD 2,264.26 | | USD 936.61 | | USD 3,383.86 |
| True Price by Comp | | | | | |
| Interest price component | 30.6% | | 22.1% | | 26.5% |
| Fee Component | 0.0% | | 0.0% | | 0.0% |
| Insurance Component | 0.4% | | 0.5% | | 0.4% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 31.0% | | 22.6% | | 26.9% |
| Transparency Index | 52 | | 71 | | 59 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Microcrédito Productivo Individual (USD) Price Graphs
