| 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 |
| 34,703 |
| ETB 2,500 - 4,500 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 19.5% annual, Flat |
| 2.50% upfront |
| 2.00% upfront |
| None |
| 15.0% upfront 10.00 ongoing |
| N/A |
| 22.1% (Int+Fee) |
| 2.3% - 7.6% |
| 0 |
| 28.1% |
| 20 - 69 |
| 69 |
| 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 76,625,544 |
| Portfolio (USD) | USD 4,164,431.74 |
| Active Clients with Loans | 34,703 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 | 75% of group members has to be women |
| 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 2,500 |
| Maximum loan size | 4,500 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| 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 | 19.50% |
| Highest quoted nominal interest | 19.50% |
| 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 | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit life insurance |
| % 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 15.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 10 - N/A |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| 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 | ETB 3,000 | ETB 3,000 | ETB 3,500 | ||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 4 | ||
| Disbursement Date | 2011-12-16 | 2011-12-16 | 2011-12-16 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 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 | 22.1% | 22.1% | 22.1% | ||
| Insurance Component | 2.3% | 2.3% | 2.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.8% | 3.8% | 3.7% | ||
| Full APR (int fee ins tax dep) | 28.1% | 28.1% | 28.1% | ||
| Transparency Index | 69 | 69 | 69 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
