Please note that the information you are viewing is
171 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months
Description
PRODUCTO ORIENTADO A LOS MICROEMPRESARIOS URBANOS Y RURALES, PARA FINANCAIR ACTIVIDADES DE LIQUIDEZ, CAPITAL DE TRABAJO O INVERSION CON FACILIDADES DE PAGO SEGàN FLUJO DE CAJA (SEMANAL, QUINCENAL, MENSUAL)
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other CAPITAL DE TRABAJO, LIQUIDEZ, ACTIVOS Other (2)
Credit education x 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 x Must own a home or land Must be a salaried worker Must be specific age group Other MICROEMPRESARIO, COMERCIANTE - INDEPENDIENTES Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency COP Minimum loan size COP 200,000 Maximum loan size 12,875,000
Shortest loan term 1.0 month Longest loan term 36.0 months Approx average 13.0 months
Daily x Weekly x Every 2 weeks x Every 4 weeks Monthly x Every 2 months Quarterly x Every 6 months Every 12 months Single end payment Irregular payments x
Pricing Information
Interest
Lowest quoted nominal interest 1.44% Highest quoted nominal interest 2.45% Reason(s) why interest rate varies Time as Client, Loan Size 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 (Cartera de microcredito asi que comisio se autoriza como 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 fees Upfront Insurance Fees This product has no upfront insurance fees Ongoing Insurance Fees Ins 1 Description SEGURO VIDA QUE SE LIQUIDAN 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
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
Deposits DURING period payments
% loan amount deposited 3.00% 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 End 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.
Microcredito Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Coop Institution Type Business Loan Purpose Comerciacoop Institution CO-010-V01-P04 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 2,000,000 4,000,000 6,000,000 8,000,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 400 200 20 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
