2. Confiar
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BG
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Institution

Buusaa Gonofaa MFI Debrezeit RoadKirkos SubcityAddis AbabaPO Box 24850
Data approved: 2011-12-23
Data version: 1
Age of data: 157 months

Product

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Product

General Purpose Loan - Homa Homa - Term Product 3 of 4 « Prev | Next »

Product Summary

Number borrowers1,393
Loan Amount (range)COP 258,000 - 8,569,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Ins
Annual Interest & Method11.0%-13.8% annual, Decl Bal
Fees2.00% upfront
InsuranceNone
TaxNone
Comp Dep52,000.00 upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component12.3% - 17.6% (Int+Fee)
Insurance Component0 - 0.6%
Tax Component Range0
Full APR (int fee ins tax dep)12.5% - 18.8%
Transparency Index (min/max)45 - 102
Transparency Index (average)74

Product Summary

22,000
ETB 200 - 5,000
6 - 12
Group Mtgs
30.0% annual, Flat
0.50% upfront
None
None
10.0% upfront 10.00 ongoing
 
N/A
34.1% - 34.2% (Int+Fee)
0
0
38.6% - 41.8%
39 - 78
76

Product Details

Key Statistics
Outstanding portfolio (COP)COP 1,766,800,488
Portfolio (USD)USD 970,769.50
Active Clients with Loans1,393
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Línea de crédito para libre inversión con condiciones especiales, dirigida a Asociados de la Cooperativa para premiar y reconocer su esfuerzo económico y fidelidad. Monto hasta el 300% del saldo de sus aportes sociales, hasta $8.240.000 de pesos.\r
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 visits
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 worker
Must be specific age group
OtherDebe ser Asociado de la Cooperativa.
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 (ETB)ETB 30,000,000
Portfolio (USD)USD 1,630,434.78
Active Clients with Loans22,000
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is for agricultural purposes such as the purchase of fertiliser, seeds, labour etc. The principle is paid at the end of the loan term.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 258,000
Maximum loan size8,569,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 200
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Grace Period
Grace period usage100%
Average grace perioddk
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 interest10.97%
Highest quoted nominal interest13.77%
Reason(s) why interest rate variesClient Risk, Plazo del crédito
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFondo de Desarrollo Institucional
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedCOP 52,000
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedETB 10 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
During rainy season there is no income so clients do not need to pay during these months.

Full Pricing Data

CrediAportes samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,325,468COP 3,187,500COP 7,038,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-02-082011-01-152011-01-23
Loan Term (Months)10.0 months12.0 months36.0 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 Component17.6%14.0%12.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component1.3%0.4%0.2%
Full APR (int fee ins tax dep)18.8%14.4%12.5%
Transparency Index587688
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

General Purpose Loan - Homa Homa - Term samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountETB 1,000ETB 2,000ETB 3,000ETB 3,500ETB 4,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-07-062011-07-052011-07-062011-07-062011-07-06
Loan Term (Months)11.2 months11.2 months11.2 months11.2 months11.2 months
Grace Period (Months)4.0 months4.0 months4.0 months4.0 months4.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component34.2%34.1%34.2%34.2%34.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component7.5%5.4%4.8%4.6%4.4%
Full APR (int fee ins tax dep)41.8%39.5%39.0%38.8%38.6%
Transparency Index7276777778
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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