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 |
165,464 |
ETB 700 - 1,000,000 |
7 - 36 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
10.0% annual, Flat |
2.00% ongoing |
1.00% upfront |
None |
5.0% upfront |
N/A |
17.7% - 19.9% (Int+Fee) |
1.3% - 1.8% |
0 |
20.5% - 23.1% |
42 - 50 |
45 |
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 (ETB) | ETB 516,753,605 |
Portfolio (USD) | USD 28,084,435.05 |
Active Clients with Loans | 165,464 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | x |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
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 | ETB |
Minimum loan size | ETB 700 |
Maximum loan size | 1,000,000 |
Shortest loan term | 7.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 90% |
Average grace period | 2.0 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 |
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 | 10.00% |
Highest quoted nominal interest | 10.00% |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
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 | 5.00% |
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 | |||
---|---|---|---|---|---|
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 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | ETB 2,500 | ETB 3,000 | ETB 5,000 | ETB 10,000 | ETB 24,000 | ETB 30,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-08-16 | 2011-08-26 | 2011-08-09 | 2011-08-12 | 2011-09-05 | 2011-08-17 | |||||
Loan Term (Months) | 23.0 months | 24.0 months | 24.0 months | 29.0 months | 31.0 months | 31.0 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 | 19.9% | 18.4% | 19.8% | 19.4% | 19.3% | 17.7% | |||||
Insurance Component | 1.6% | 1.4% | 1.5% | 1.4% | 1.4% | 1.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 1.6% | 1.4% | 1.6% | 1.6% | 1.5% | 1.4% | |||||
Full APR (int fee ins tax dep) | 23.1% | 21.3% | 22.9% | 22.4% | 22.3% | 20.5% | |||||
Transparency Index | 43 | 47 | 44 | 45 | 45 | 49 | |||||
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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