Corporación Fomentamos - CS CON RECURSOS PROPIOS - MFTransparency.org Truth In Lending Tables

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Institution

Corporación Fomentamos Calle 53 No 42-52Medellín

Data approved: 2011-03-15

Data version: 1

Age of data: 163 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 186,866,438
Portfolio (USD)	USD 102,673.87
Active Clients with Loans	918
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking	x
Self help group
Other

Description

CIRCULOS SOLIDARIOS CON RECURSOS PROPIOS.

Loan Purpose

Any purpose
Income generation	x
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 services	x

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 50,000
Maximum loan size	1,000,000

Distribution at Disbursement (Est.)

Loans less than COP 5,000,000	100%
COP 5,000,000-20,000,000	0
COP 20,000,000-35,000,000	0
COP 35,000,000-50,000,000	0
COP 50,000,000-65,000,000	0
Greater than COP 65,000,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	4.0 months
Approx average	3.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.46%
Highest quoted nominal interest	2.46%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Comisio Credito
% of loan amount - min	1.88%
% of loan amount - max	7.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	(la comision es el 7.5% anual del valor del credito; p.ej. si el credito es a 16 semanas, 4 meses, la comision es el 2.5%.
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Fondo Mutual y Exequial
% of loan amount - min	1.30%
% of loan amount - max	1.30%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

CS CON RECURSOS PROPIOS samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 300,000	COP 400,000	COP 800,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-05-16	2011-05-17	2011-05-17
Loan Term (Months)	2.0 months	2.8 months	2.8 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	44.0%	50.4%	50.4%
Insurance Component	12.7%	12.7%	12.7%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	56.8%	63.2%	63.2%
Transparency Index	52	47	47

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

CS CON RECURSOS PROPIOS Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	154
Ahantaman RB	23,800	9,896,000	4	136
APED	13,700	1,876,000	2	136
ASA Initiative	4,400	577,000	4	136
ASA-Ghana	71,600	18,385,000	2	136
ASPI	800	88,000	6	136
Atwima Kwanwoma	3,800	1,788,000	2	136
Baobab	5,100	967,000	2	136
BestFUND	13,000	4,172,000	3	136
Bonzali Rural	10,400	1,691,000	4	154
CashPhase	83	135,000	2	136
CASUD	1,100	524,000	1	136
CEDEF	500	54,000	4	136
CFF	100	13,000	1	136
CRAN	3,600	1,019,000	2	136
DQF	1,700	63,000	2	136
EASL	9,200	11,409,000	6	136
East Mamprusi	12,500	2,268,000	4	136
ELDA	0	0	0	136
EMPRETEC Ghana	200	56,000	2	136
FASL	13,500	14,047,000	8	136
Grameen Ghana	9,500	507,000	3	136
ID-Ghana	5,600	953,000	3	136
Innovative Finance	2,700	354,000	3	136
Kraban Support	7,700	781,000	5	154
KRB	4,000	6,350,000	3	136
Lower Pra RB	34,000	6,316,000	3	154
Maata-N-Tudu	12,000	941,000	4	136
Mail Finance	300	288,000	1	136
Markaz	0	0	0	136
Markaz Al Bishara	100	17,000	1	136
MicrofinPlus Gh	1,100	251,000	2	136
Nwabiagya RB	4,000	2,265,000	3	136
OISL	62,000	27,232,000	9	136
Pro Credit	0	0	0	136
Rich Step	100	101,000	1	136
SAT	147,600	29,359,000	4	136
Sekam Trust	600	137,000	2	136
Simli Pong	8,900	463,000	3	154
SS Ghana	200	35,000	1	136
TCCU	100	32,000	3	136
The Bridge	400	32,000	3	154
Union RB	3,800	2,361,000	4	136

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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

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