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Institution
Data approved: 2011-03-24
Data version: 1
Age of data: 171 months
Description
Credito que satisface las necesidades de nuestros asociados con libre destinacion, de facil acceso.
Any purpose x Income generation Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education Group meetings Credit insurance x Workplace visits Business training Other training Other Other (2) No other services
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
Currency COP Minimum loan size COP 100,000 Maximum loan size 100,000,000
Shortest loan term 1.0 month Longest loan term 72.0 months Approx average 36.0 months
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 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 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
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 sample s
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6Loan 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
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Any Loan Purpose Congente Institution CO-008-V01-P01 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 10,000,000 20,000,000 30,000,000 40,000,000 Loan Size (all) 0% 5% 10% 15% 20% Full APR (int fee ins tax dep) > 1,000 700 500 200 20 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
