| Number borrowers | 30,083 |
| Loan Amount (range) | COP 535,000 - 1,000,000 |
| Loan Term (range) | 1 - 15 |
| Other Services (text summary) | |
| Annual Interest & Method | 34.0% annual, Decl Bal |
| Fees | 7.50% upfront 10,000.00 upfront |
| Insurance | 0.53%-6.18% upfront 20.00%-30.00% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 43.4% - 53.8% (Int+Fee) |
| Insurance Component | 0.3% - 13.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 48.3% - 54.2% |
| Transparency Index (min/max) | 59 - 116 |
| Transparency Index (average) | 67 |
| 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% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | COP |
| Minimum loan size | COP 535,000 |
| Maximum loan size | 1,000,000 |
| 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 |
| Shortest loan term | 1.0 month |
| Longest loan term | 15.0 months |
| Approx average | 12.0 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 | 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 |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Comisio Ley Mipymes. Porcentaje no incluye el IVA del 16% | CIFIN o Data Credito más 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 |
| 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 |
| 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 |
| 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 | 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 | |||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
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| # 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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