Number borrowers | 1,393 |
Loan Amount (range) | COP 258,000 - 8,569,000 |
Loan Term (range) | 6 - 36 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 11.0%-13.8% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | 52,000.00 upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 12.3% - 17.6% (Int+Fee) |
Insurance Component | 0 - 0.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 12.5% - 18.8% |
Transparency Index (min/max) | 45 - 102 |
Transparency Index (average) | 74 |
7,478 |
USD 300 - 20,000 |
3 - 24 |
27.0%-32.0% annual, Decl Bal |
10.00% ongoing |
None |
None |
10.0%-15.0% upfront |
N/A |
31.3% - 39.2% (Int+Fee) |
0 |
0 |
31.3% - 73.0% |
37 - 86 |
63 |
Outstanding portfolio (COP) | COP 1,766,800,488 |
Portfolio (USD) | USD 970,769.50 |
Active Clients with Loans | 1,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Debe ser Asociado de la Cooperativa. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 17,685,112.71 |
Portfolio (USD) | USD 17,685,112.71 |
Active Clients with Loans | 7,478 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | 20-65 yaÅ |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 258,000 |
Maximum loan size | 8,569,000 |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 300 |
Maximum loan size | 20,000 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 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 | 10.97% |
Highest quoted nominal interest | 13.77% |
Reason(s) why interest rate varies | Client Risk, Plazo del crédito |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Fondo de Desarrollo Institucional |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 52,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Client Risk, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | GÃtÃÃlÉn mÉblÉÄin 1 % + 300-9999 USD qÉdÉ 12,5 USD,10000-20000 USD qÉdÉ 25 USD komissiya |
% of loan amount - min | 10.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | Bzi vaxtlar n azÄ aylÄq àdniÅin 1 misli qd |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,325,468 | COP 3,187,500 | COP 7,038,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-08 | 2011-01-15 | 2011-01-23 | ||
Loan Term (Months) | 10.0 months | 12.0 months | 36.0 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 | 17.6% | 14.0% | 12.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.3% | 0.4% | 0.2% | ||
Full APR (int fee ins tax dep) | 18.8% | 14.4% | 12.5% | ||
Transparency Index | 58 | 76 | 88 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,200 | USD 2,000 | USD 4,200 | USD 8,500 | USD 12,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2009-09-19 | 2009-07-10 | 2009-07-08 | 2009-08-24 | 2008-10-24 | 2008-03-19 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | 12.0 months | 18.0 months | 18.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 39.2% | 34.1% | 32.4% | 32.6% | 31.7% | 31.3% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 38.9% | 24.1% | 0.0% | 15.3% | 0.0% | |||||
Full APR (int fee ins tax dep) | 39.2% | 73.0% | 56.5% | 32.6% | 47.0% | 31.3% | |||||
Transparency Index | 69 | 37 | 48 | 83 | 57 | 86 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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