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Institution
Data approved: 2011-03-24
Data version: 1
Age of data: 164 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 |
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Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
CONSUMO LIBRE INVERSION COLI Price Graphs