| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 ∞ | ||||||
