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Institution
Data approved: 2011-03-24
Data version: 1
Age of data: 168 months
Key Statistics
| Outstanding portfolio (COP) | COP 36,113,365,713 |
| Portfolio (USD) | USD 19,842,508.63 |
| Active Clients with Loans | 5,279 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Credito que satisface las necesidades de nuestros asociados con libre destinacion, de facil acceso.
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 | 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 | Debe ser asociado de la Cooperativa con Ahorros |
| Other (2) | Debe tener capacidad de endeudamiento |
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 100,000 |
| Maximum loan size | 100,000,000 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 72.0 months |
| Approx average | 36.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 21.20% |
| Highest quoted nominal interest | 21.20% |
| 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 feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | Seguro de vida |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | deudores que cubre el saldo del capital del credito en caso de muerte o incapacidad total y permanente |
| 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 | 2.50% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | COP 5,000 |
| Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
| Minimum interest rate paid | 1.80% |
| Maximum interest rate paid | 1.80% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Al cliente se le presta 4 veces el monto que tienen ahorrado en aportes sociales, por lo cual tales aportes estan vinculados al prestamo y han de considerarse ahorros obligatorios a nuestros efectos.
Full Pricing Data
CONSUMO LIBRE INVERSION COLI samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | COP 1,200,000 | | COP 3,000,000 | | COP 5,000,000 | | COP 13,000,000 | | COP 29,000,000 | | COP 40,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-03-12 | | 2011-03-10 | | 2011-03-05 | | 2011-03-08 | | 2011-03-09 | | 2011-03-14 |
| Loan Term (Months) | 9.0 months | | 36.0 months | | 36.0 months | | 59.0 months | | 72.0 months | | 72.0 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 | 15.5% | | 19.3% | | 19.3% | | 19.4% | | 15.6% | | 15.6% |
| Insurance Component | 1.1% | | 1.2% | | 1.2% | | 1.3% | | 1.2% | | 1.2% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.9% | | 1.8% | | 1.4% | | 1.1% | | 0.8% | | 0.7% |
| Full APR (int fee ins tax dep) | 17.5% | | 22.3% | | 21.9% | | 21.8% | | 17.5% | | 17.5% |
| Transparency Index | 100 | | 95 | | 97 | | 97 | | 100 | | 100 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
CONSUMO LIBRE INVERSION COLI Price Graphs
