2. Comerciacoop
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. PRASAC
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Comerciantes CL 16 # 8 29Chiquinquira, Boyaca
Data approved: 2011-08-01
Data version: 1
Age of data: 166 months

Institution

PRASAC Building 212, Street 271, Sangkat Tuol Tumpoung IIKhan ChamkarmornPhnom Penh
Data approved: 2013-03-25
Data version: 3
Age of data: 139 months
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Product

Microcredito Product 4 of 4 « Prev | Next »

Product

Biodigester Loan (USD) Product 3 of 9 « Prev | Next »

Product Summary

Number borrowers987
Loan Amount (range)COP 200,000 - 12,875,000
Loan Term (range)1 - 36
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, CAPITALIZACION APORTES, AHORRO PROGRAMADO
Annual Interest & Method17.3%-29.4% annual, Decl Bal
Fees3,000.00 upfront
Insurance10.00% ongoing
TaxNone
Comp Dep3.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component26.6% - 33.4% (Int+Fee)
Insurance Component1.1% - 1.3%
Tax Component Range0
Full APR (int fee ins tax dep)28.9% - 38.2%
Transparency Index (min/max)0 - N/A
Transparency Index (average)50

Product Summary

1,082
USD 150 - 1,000
4 - 24
14.4% annual, Decl Bal
None
None
None
N/A
 
14.5% - 34.8%
0
0
0
14.5%
52 - 100
99

Product Details

Key Statistics
Outstanding portfolio (COP)COP 2,087,396,804
Portfolio (USD)USD 1,146,921.32
Active Clients with Loans987
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
PRODUCTO ORIENTADO A LOS MICROEMPRESARIOS URBANOS Y RURALES, PARA FINANCAIR ACTIVIDADES DE LIQUIDEZ, CAPITAL DE TRABAJO O INVERSION CON FACILIDADES DE PAGO SEGàšN FLUJO DE CAJA (SEMANAL, QUINCENAL, MENSUAL)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCAPITAL DE TRABAJO, LIQUIDEZ, ACTIVOS
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherCAPITALIZACION APORTES
Other (2)AHORRO PROGRAMADO
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMICROEMPRESARIO, COMERCIANTE - INDEPENDIENTES
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (USD)USD 404,112
Portfolio (USD)USD 404,112
Active Clients with Loans1,082
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Clients can request biodigester loan from PRASAC with amount of 1,000 USD, Loan term 12 months and interest rate 1.2% per month.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution24
# Regions for this product15
Regions ActiveBattambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Kep, Pailin, Phnom Penh, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 200,000
Maximum loan size12,875,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average13.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 150
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than USD 250100%
USD 250-1,0000
USD 1,000-1,5000
USD 1,500-2,0000
USD 2,000-2,5000
Greater than USD 2,5000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx average21.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months80%
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest1.44%
Highest quoted nominal interest2.45%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionPapeleria (Cartera de microcredito asi que comisio se autoriza como Mipyme.
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO VIDA QUE SE LIQUIDAN SOBRE SALDOS A CAPITAL
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited3.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.58%
Maximum interest rate paid1.58%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Compulsory savings accounts for two different payments: Actual compulsory savings and "Aportes Sociales". The former is recovered at end of loan term with interest, the latter at withdrawal from institution. There is no FNG.

Pricing Information

Interest
Lowest quoted nominal interest1.20%
Highest quoted nominal interest1.20%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcredito samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,500,000COP 3,000,000COP 7,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-062011-04-072011-04-05
Loan Term (Months)18.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component33.3%33.4%26.6%
Insurance Component1.2%1.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component3.7%3.0%1.1%
Full APR (int fee ins tax dep)38.2%37.7%28.9%
Transparency Index454660
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Biodigester Loan (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 250USD 500USD 650
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-062013-02-282012-10-24
Loan Term (Months)20.0 months24.0 months12.0 months
Grace Period (Months)0.1 months2.6 months4.6 months
Total Cost of CreditUSD 30.90USD 82.02USD 67.21
True Price by Comp     
Interest price component14.5%14.5%14.5%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)14.5%14.5%14.5%
Transparency Index999999
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microcredito Price Graphs


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Biodigester Loan (USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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