2. Bancolombia
Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Ahantaman RB
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bancolombia Mi Negocio Cra 48 # 26 - 85 Direccion GeneralMedellín, Antioquía
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months

Institution

Ahantaman Rural Bank Limited Head OfficeAgona Nkwanta, Western RegionP.O. Box 41
Data approved: 2013-02-11
Data version: 2
Age of data: 144 months
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Product

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Product

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Product Summary

Number borrowers36,297
Loan Amount (range)COP 535,600 - 13,390,000
Loan Term (range)3 - 48
Other Services (text summary)Credit Educ, Tech Asst Visits, Other Training, Acompañamiento y seguimiento, Educación financiera
Annual Interest & Method29.6% annual, Decl Bal
Feesupfront
Insurance2.75% upfront 0.57% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component39.4% - 41.3% (Int+Fee)
Insurance Component5.5% - 18.3%
Tax Component Range0
Full APR (int fee ins tax dep)45.2% - 57.7%
Transparency Index (min/max)51 - 65
Transparency Index (average)59

Product Summary

11,440
GHS 200 - 12,000
12 - 36
Credit Ins, Tech Asst Visits
25.50%-38.00% annual, Decl Bal
4.00% upfront
1.50% upfront
None
N/A
 
42.5% - 75.6%
4.5% - 11.1%
1.7% - 3.8%
0
48.8% - 65.3%
44 - 66
45

Product Details

Key Statistics
Outstanding portfolio (COP)COP 93,846,000,000
Portfolio (USD)USD 51,563,736.26
Active Clients with Loans36,297
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Línea de crédito mediante la cual se satisfacen las necesidades de financiación de las microempresas. Fácil y rápido, estudio de crédito gratis, cuenta de ahorros sin cuota de manejo. Puede acceder a seguros y cuenta con un asesor especializado.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherActivos fijos, reforma locativa, insumos
Other (2)Gastos operativos del negocio, capital de trabajo
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business training
Other trainingx
OtherAcompañamiento y seguimiento
Other (2)Educación financiera
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherCentrales de Riesgo aprobadas
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 10,899,423.83
Portfolio (USD)USD 5,532,702.45
Active Clients with Loans11,440
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for salaried individuals.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveWestern Region

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 535,600
Maximum loan size13,390,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average15.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size12,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00030%
GHS 5,000-7,50020%
GHS 7,500-10,00020%
GHS 10,000-13,00020%
Greater than GHS 13,00020%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest29.56%
Highest quoted nominal interest29.56%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComisio Mipyme
% of loan amount - min0
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionComisio FNG
% of loan amount - min2.75%
% of loan amount - max2.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionPlan de seuros de Vida - % sobre saldo.
% of loan amount - min0.57%
% of loan amount - max0.57%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest25.50%
Highest quoted nominal interest38.00%
Reason(s) why interest rate variesDuration of Loan
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito samples
Sample 1Sample 2Sample 3
Loan AmountCOP 3,250,000COP 6,500,000COP 13,300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-03-162011-03-152011-03-29
Loan Term (Months)18.0 months24.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component39.6%39.4%41.3%
Insurance Component5.6%18.3%5.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.2%57.7%46.8%
Transparency Index655163
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 300GHS 700GHS 1,500GHS 3,000GHS 6,000GHS 8,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-252013-01-252013-01-252013-01-252013-02-282012-11-30
Loan Term (Months)12.0 months12.0 months15.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 112.50GHS 262.50GHS 594.43GHS 1,695GHS 3,390GHS 4,802.55
True Price by Comp           
Interest price component53.5%53.7%46.3%42.6%42.5%42.7%
Fee Component8.3%8.3%6.8%4.5%4.6%4.6%
Insurance Component3.2%3.3%2.7%1.8%1.7%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)65.0%65.3%55.8%48.9%48.8%49.1%
Transparency Index494957656652
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Microcrédito Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeMultipleLoan PurposeBancolombiaInstitutionCO-006-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version05,000,00010,000,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 18,00013,0009,0004,500500Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Salary Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.RurBankInstitution TypeAnyLoan PurposeAhantaman RBInstitutionGH-002-V02-P02ProductGHCountry2013YearRange Number2Institution Data Version02,0004,0006,0008,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 3,4002,5001,70080090Number of Borrowers
Click to view Price Analysis Tool
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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