Banco WWB S.A. - Credimpulso - MFTransparency.org Truth In Lending Tables

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Institution

Banco WWB S.A. Av 5 norte NÂ° 16 N 57Cali, Valle del Cauca572

Data approved: 2011-08-01

Data version: 1

Age of data: 162 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 18,968,225,455
Portfolio (USD)	USD 10,422,101.90
Active Clients with Loans	30,083
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Crédito para Microempresas que tienen un alto nivel de rotación de capital, tiene dificultad de acceso al crédito, tienen altos márgenes de rentabilidad, no cumplen con el patrimonio y garantías mínimas.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 535,000
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than COP 5,000,000	100%
COP 5,000,000-20,000,000	0
COP 20,000,000-35,000,000	0
COP 35,000,000-50,000,000	0
COP 50,000,000-65,000,000	0
Greater than COP 65,000,000	0

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	15.0 months
Approx average	12.0 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

Lowest quoted nominal interest	2.83%
Highest quoted nominal interest	2.83%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Comisio Ley Mipymes. Porcentaje no incluye el IVA del 16%	CIFIN o Data Credito mÃ¡s IVA
% of loan amount - min	7.50%	0
% of loan amount - max	7.50%	0
OR, Fixed amount - min	0	10,000
Fixed amount - max	0	10,000
Reason for variation		N/A
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Comisio Fondo Nacional de Garantias (+IVA)
% of loan amount - min	0.53%
% of loan amount - max	6.18%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

	Ins 1
Description	Seguro de Vida Deudores
% of loan amount - min	20.00%
% of loan amount - max	30.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
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

Are taxes charged on this product?

Full Pricing Data

Credimpulso samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 700,000	COP 800,000	COP 900,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-03-31	2011-03-24	2011-03-17
Loan Term (Months)	10.0 months	12.0 months	15.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	43.9%	53.8%	43.4%
Insurance Component	5.2%	0.4%	4.9%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	49.1%	54.2%	48.3%
Transparency Index	69	63	70

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Credimpulso Price Graphs

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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

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Total Borrrowers of Samples


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