Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 533,510
Maximum loan size	5,325,100

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	36.0 months
Approx average	24.0 months

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
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1		Ins 2
Description	Seguro de vida		Seguro de proteccion de cartera
% of loan amount - min	0.74%		3.00%
% of loan amount - max	1.44%		3.00%
OR, Fixed amount - min	0		0
Fixed amount - max	0		0
Reason for variation	N/A		N/A
Appears on Repayment Sched?	Yes		Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Additional Comments

Este convenio de creditos exige hacer visitas poscreditodurante el credito para verificacion de la inversion y asesoria, una a los dos meses de desembolsado y luego con intrevalos de 4 meses hasta terminar el credito, adicionalmente MEDA realiza todo el proceso del credito a exepcion del desembolso. El desempbolso lo lleva a cabo el IDEA, éste instituto elabora los cheques y los envia a MEDA para ser entregados y continuar con el proceso

Banco de los pobres (por MEDA) Price Graphs

Institution Price Graph