Number borrowers | 351 |
Loan Amount (range) | COP 1,000,000 - 61,800,000 |
Loan Term (range) | 6 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits, Business Training, Other Training, Acompañamiento en los procesos de comercialización |
Annual Interest & Method | 29.4% annual, Decl Bal |
Fees | 4.00%-7.50% ongoing |
Insurance | 25.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 19.8% - 36.7% (Int+Fee) |
Insurance Component | 0.2% - 0.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.3% - 37.3% |
Transparency Index (min/max) | 79 - 145 |
Transparency Index (average) | 100 |
15,000 |
ETB 200 - 5,000 |
6 - 24 |
Group Mtgs |
18.0% annual, Flat |
0.50% upfront |
None |
None |
10.0% upfront 10.00 ongoing |
N/A |
32.0% - 35.3% (Int+Fee) |
0 |
0 |
39.0% - 45.7% |
39 - 78 |
43 |
Outstanding portfolio (COP) | COP 764,580,704 |
Portfolio (USD) | USD 420,099.29 |
Active Clients with Loans | 351 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Activos Fijos |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Acompañamiento en los procesos de comercialización |
Other (2) | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (ETB) | ETB 23,500,000 |
Portfolio (USD) | USD 1,277,173.91 |
Active Clients with Loans | 15,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 1,000,000 |
Maximum loan size | 61,800,000 |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 25.0 months |
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 | x |
Irregular payments |
Currency | ETB |
Minimum loan size | ETB 200 |
Maximum loan size | 5,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 10.0 months |
Grace period usage | 100% |
Average grace period | dk |
Daily | |
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 |
Lowest quoted nominal interest | 2.45% |
Highest quoted nominal interest | 2.45% |
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 | Estudio de Credito anual diferido en los meses del prestamo (No todos) |
% of loan amount - min | 4.00% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Vida o incapacidad por el monto del credito desembolsado (0.25% per annum) |
% of loan amount - min | 25.00% |
% of loan amount - max | 25.00% |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
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 | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | 10% compulsory savings at disbursement for Loan Cycle 2 onwards |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% - 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 | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | COP 3,419,000 | COP 6,800,000 | COP 13,000,000 | COP 32,479,927 | COP 50,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-01-28 | 2011-01-24 | 2011-01-14 | 2011-02-01 | 2011-04-30 | ||||
Loan Term (Months) | 30.0 months | 36.0 months | 36.0 months | 26.0 months | 36.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 36.2% | 36.7% | 20.4% | 23.6% | 19.8% | ||||
Insurance Component | 0.6% | 0.6% | 0.2% | 0.6% | 0.5% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 36.8% | 37.3% | 20.6% | 24.2% | 20.3% | ||||
Transparency Index | 80 | 79 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ETB 1,000 | ETB 1,000 | ETB 3,000 | ETB 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-12 | 2011-04-21 | 2011-04-08 | 2011-04-08 | |||
Loan Term (Months) | 11.2 months | 11.2 months | 9.3 months | 9.3 months | |||
Grace Period (Months) | 17.0 months | 10.0 months | 7.0 months | 7.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 32.0% | 34.5% | 35.3% | 35.3% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 7.0% | 11.2% | 6.1% | 5.6% | |||
Full APR (int fee ins tax dep) | 39.0% | 45.7% | 41.4% | 40.9% | |||
Transparency Index | 46 | 39 | 44 | 44 | |||
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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