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Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 166 months
Key Statistics
| Outstanding portfolio (COP) | COP 3,074,452,623 |
| Portfolio (USD) | USD 1,689,259.68 |
| Active Clients with Loans | 357 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
CREDITO ORIENTADO A LOS PEQUEÑOS Y MEDIANOS COMERCIANTES
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | CAPITALIZACION APORTES |
| Other (2) | AHORRO PROGRAMADO |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) | |
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 200,000 |
| Maximum loan size | 107,000,000 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 78.0 months |
| Approx average | 33.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | x |
| Weekly | x |
| Every 2 weeks | x |
| 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 | 0.87% |
| Highest quoted nominal interest | 2.16% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Papeleria (No es comisio Mipyme) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 3,000 |
| Fixed amount - max | 3,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | SEGURO DE VIDA QUE SE LIQUIDA SOBRE SALDOS A CAPITAL |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 1.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 1.58% |
| Maximum interest rate paid | 1.58% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Savings account for Aporte Social and Ahorros obligatorios with different conditions. No Mipyme commission charged. Interest is on Savings (not aportes)
Full Pricing Data
Comercial (COP) samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | COP 1,600,000 | | COP 4,200,000 | | COP 7,000,000 | | COP 30,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-04-28 | | 2011-01-24 | | 2011-01-05 | | 2011-02-24 |
| Loan Term (Months) | 2.0 months | | 19.0 months | | 18.0 months | | 24.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 21.9% | | 19.3% | | 17.7% | | 19.3% |
| Insurance Component | 1.1% | | 1.1% | | 1.2% | | 1.2% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.1% | | 1.4% | | 1.3% | | 0.3% |
| Full APR (int fee ins tax dep) | 23.2% | | 21.8% | | 20.2% | | 20.8% |
| Transparency Index | 45 | | 48 | | 52 | | 50 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Comercial (COP) Price Graphs
