Number borrowers | 302 |
Loan Amount (range) | COP 200,000 - 12,800,000 |
Loan Term (range) | 1 - 60 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training, Other Training, CAPITALIZACION APORTES, AHORRO PROGRAMADO |
Annual Interest & Method | 10.6%-27.5% annual, Decl Bal |
Fees | 3,000.00 upfront |
Insurance | 10.00% ongoing |
Tax | None |
Comp Dep | 1.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 19.9% - 20.4% (Int+Fee) |
Insurance Component | 1.1% - 1.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 22.4% - 25.8% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 44 |
2,801 |
USD 500 - 2,000 |
3 - 18 |
Credit Educ, Other Training |
26.4%-31.2% annual, Decl Bal |
0.50% upfront |
None |
None |
N/A |
27.1% - 36.0% |
0 - 1.8% |
0 |
0 |
29.3% - 30.3% |
74 - 106 |
88 |
Outstanding portfolio (COP) | COP 662,862,576 |
Portfolio (USD) | USD 364,210.21 |
Active Clients with Loans | 302 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | CAPITALIZACION APORTES |
Other (2) | AHORRO PROGRAMADO |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | Codeudor |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 2,559,297.12 |
Portfolio (USD) | USD 2,559,297.12 |
Active Clients with Loans | 2,801 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Currency | COP |
Minimum loan size | COP 200,000 |
Maximum loan size | 12,800,000 |
Shortest loan term | 1.0 month |
Longest loan term | 60.0 months |
Approx average | 17.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 2,000 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 40% |
USD 1,000-1,500 | 30% |
USD 1,500-2,000 | 30% |
USD 2,000-2,500 | 0 |
Greater than USD 2,500 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 80% |
Longer than 18 months | 0 |
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 | 0.88% |
Highest quoted nominal interest | 2.29% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Collateral |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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 |
Ins 1 | |
---|---|
Description | SEGURO DE VIDA QUE SE LIQUIDA SOBRE SALDO 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 |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% - N/A |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.58% |
Maximum interest rate paid | 1.58% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.20% |
Highest quoted nominal interest | 2.60% |
Reason(s) why interest rate varies | Branch, Time as Client, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,500,000 | COP 3,500,000 | COP 7,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-05 | 2011-02-24 | 2011-02-21 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 19.9% | 19.9% | 20.4% | ||
Insurance Component | 1.1% | 1.2% | 1.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.8% | 1.4% | 4.1% | ||
Full APR (int fee ins tax dep) | 22.8% | 22.4% | 25.8% | ||
Transparency Index | 46 | 47 | 41 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 600 | USD 1,200 | USD 1,800 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-22 | 2013-03-06 | 2013-02-28 | ||
Loan Term (Months) | 18.0 months | 19.0 months | 19.0 months | ||
Grace Period (Months) | -0.3 months | 0.4 months | 0.6 months | ||
Total Cost of Credit | USD 147 | USD 291 | USD 447 | ||
True Price by Comp | |||||
Interest price component | 29.6% | 28.6% | 28.8% | ||
Fee Component | 0.7% | 0.7% | 0.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.3% | 29.3% | 29.5% | ||
Transparency Index | 87 | 90 | 89 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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