| Number borrowers | 5,279 |
| Loan Amount (range) | COP 100,000 - 100,000,000 |
| Loan Term (range) | 1 - 72 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 21.2% annual, Decl Bal |
| Fees | None |
| Insurance | 10.00% ongoing |
| Tax | None |
| Comp Dep | 2.5% upfront 5,000.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 15.5% - 19.4% (Int+Fee) |
| Insurance Component | 1.1% - 1.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 17.5% - 22.3% |
| Transparency Index (min/max) | 71 - 121 |
| Transparency Index (average) | 100 |
| 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% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| 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 |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| 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 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| 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 |
| 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? |
| % loan amount deposited | 2.50% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | COP 5,000 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.80% |
| Maximum interest rate paid | 1.80% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| 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 | |||||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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