| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.congente.com.co/ |
| Year established | 1964 |
| Head of Institution | Vicente Antonio Pabon Monroy |
| Regions active | |
| # Branches | 10 |
| Total Portfolio (nat'l) | COP 40,700,659,712 |
| Total Portfolio (USD) | USD 22,362,999.84 |
| Active clients with loans | 5,927 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | Emprender, Asomicrofinanzas |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CONSUMO LIBRE INVERSION COLI | COP 100,000 - 100,000,000 | 1 - 72 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Debe ser asociado de la Cooperativa con Ahorros, Debe tener capacidad de endeudamiento | Credit Ins | |||||||
| microcredito productivo | COP 535,600 - 5,356,000 | 1 - 24 | 60% - 80% | 80% - 100% | Business | Women, Men, Have business | Credit Ins, Tech Asst Visits |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CONSUMO LIBRE INVERSION COLI | 21.2% annual, Decl Bal | 0 Fees | 1 Ins | None | 2.5% upfront 5,000.00 ongoing | 15.5% - 19.4% | 17.5% - 22.3% | 100 | ||||||||
| microcredito productivo | 26.5% annual, Decl Bal | 1 Fee | 1 Ins | None | 5,000.00 ongoing | 31.9% - 34.7% | 33.9% - 37.2% | 73 |
| Outstanding portfolio (ETB) | ETB 13,000,000 |
| Portfolio (USD) | USD 706,521.74 |
| Active Clients with Loans | 5,000 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ETB |
| Minimum loan size | ETB 500 |
| Maximum loan size | 10,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 100% |
| Average grace period | dk |
| 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 | 12.60% |
| Highest quoted nominal interest | 12.60% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ETB 2,900 | ETB 3,400 | ETB 3,900 | ETB 4,500 | ETB 5,900 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-02-16 | 2011-02-16 | 2011-02-16 | 2011-02-16 | 2011-02-16 | ||||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
| Grace Period (Months) | 25.0 months | 25.0 months | 25.0 months | 25.0 months | 25.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 23.2% | 23.2% | 23.2% | 23.2% | 23.2% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 1.7% | 1.7% | 1.7% | 1.7% | 1.7% | ||||
| Full APR (int fee ins tax dep) | 24.9% | 24.9% | 24.9% | 24.9% | 24.9% | ||||
| Transparency Index | 51 | 51 | 51 | 51 | 51 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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