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Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 162 months
Key Statistics
| Outstanding portfolio (COP) | COP 466,802,000,000 |
| Portfolio (USD) | USD 256,484,615.40 |
| Active Clients with Loans | 177,595 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Credito para compra de activo fijo o capital de trabajo. Se otorga a clientes Nuevos, Renovación y Preferencial \rque llevan más de un año en su actividad económica.
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) | |
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 | 13,375,000 |
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
| Lowest quoted nominal interest | 2.61% |
| Highest quoted nominal interest | 2.83% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
| 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+IVA (Can also be charged as a continuing fee) | | CIFIN / Datacredito |
| % 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 feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Comisio Fondo Nacional de Garantias |
| % 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 | 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 |
Additional Comments
EL 16% DE IMPUESTO ES COBRADO SOBRE LA COMISION DE LEY MIPYME , PUEDE SER EN EL MOMENTO DEL DESEMBOLSO O DIFERIDO.
Full Pricing Data
Microcrédito samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | COP 1,150,000 | | COP 3,500,000 | | COP 7,400,000 | | COP 14,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-03-23 | | 2011-03-23 | | 2011-03-29 | | 2011-02-11 |
| Loan Term (Months) | 12.0 months | | 24.0 months | | 36.0 months | | 48.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 41.7% | | 36.6% | | 36.6% | | 28.3% |
| Insurance Component | 0.4% | | 4.4% | | 4.4% | | 0.3% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 42.1% | | 41.0% | | 41.0% | | 28.6% |
| Transparency Index | 74 | | 76 | | 76 | | 100 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Microcrédito Price Graphs
