CONFIAR Cooperativa Financiera - Vivienda Especial - MFTransparency.org Truth In Lending Tables

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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

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 6,904,000,000
Portfolio (USD)	USD 3,793,406.59
Active Clients with Loans	275
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Crédito para adquisición de vivienda nueva o usada, con construcción en terreno propio de vivienda o para liberación de gravamen hipotecario, cuyo valor comercial exceda $69,525,000\r

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance
Other	Para compra o construcción de Vivienda.
Other (2)	Activo Fijo

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

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 35,000,000
Maximum loan size	84,975,000

Loan Term and Grace Period

Shortest loan term	60.0 months
Longest loan term	120.0 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
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	15.02%
Highest quoted nominal interest	15.02%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Seguro contra incendio y terremoto
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	350
Fixed amount - max	29,741
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	COP 515,000

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	1.00%
Maximum interest rate paid	1.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Vivienda Especial samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 40,400,000	COP 42,420,000	COP 42,420,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-03-08	2011-04-23	2011-04-23
Loan Term (Months)	120.0 months	120.0 months	120.0 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	14.0%	14.0%	14.0%
Insurance Component	0.6%	0.6%	0.6%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.3%	0.2%	0.2%
Full APR (int fee ins tax dep)	14.9%	14.9%	14.9%
Transparency Index	100	100	100

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

Vivienda Especial 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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Total Borrrowers of Samples


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