CONFIAR Cooperativa Financiera - Microcredit Productivo - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 167 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 NÂ° 49-40Medellin, Antioquia

Data approved: 2011-03-15

Data version: 1

Age of data: 167 months

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Product

Microcredit Productivo Product 4 of 7 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (COP)	0
Portfolio (USD)
Active Clients with Loans	7,624
Approximate % Female Clients	0
Approximate % Urban Clients	0

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Para actividades productivas, agropecuarias y comerciales de personas naturales y proyectos asociativos, principalmente para la adquisición de activos fijos nuevos o usados. Monto hasta ciento veinte

Loan Purpose

Any purpose	x
Income generation
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
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 268,000
Maximum loan size	64,272,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	60.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	16.80%
Highest quoted nominal interest	24.00%
Reason(s) why interest rate varies	N/A
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Fondo de Desarrollo Institucional
% of loan amount - min	2.32%
% of loan amount - max	3.48%
OR, Fixed amount - min	0
Fixed amount - max	0
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 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

Are taxes charged on this product?

Full Pricing Data

Microcredit Productivo samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	COP 517,400	COP 6,312,280	COP 12,831,520	COP 25,989,280
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-03-07	2011-03-15	2011-02-14	2011-04-26
Loan Term (Months)	12.0 months	36.0 months	36.0 months	60.0 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	30.8%	26.6%	26.7%	20.3%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	6.3%	0.3%	0.2%	0.1%
Full APR (int fee ins tax dep)	37.1%	26.9%	26.9%	20.3%
Transparency Index	45	62	62	83

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Microcredit Productivo Price Graphs

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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

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