2. Fomentamos
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  2. DQF
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Institution

Corporación Fomentamos Calle 53 No 42-52Medellín
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months

Institution

DAASGIFT QUALITY FOUNDATION P.O.Box TD 1369. TakoradiTakoradi, Western Region233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Product

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Product Summary

Number borrowers918
Loan Amount (range)COP 50,000 - 1,000,000
Loan Term (range)3 - 4
Other Services (text summary)
Annual Interest & Method29.5% annual, Decl Bal
Fees1.88%-7.50% upfront
Insurance1.30% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component44.0% - 50.4% (Int+Fee)
Insurance Component12.7%
Tax Component Range0
Full APR (int fee ins tax dep)56.8% - 63.2%
Transparency Index (min/max)47 - 52
Transparency Index (average)48

Product Summary

729
GHS 50 - 1,000
4 - 6
65.00%-0.00% annual, Flat
 
N/A
139.1% - 143.6% (Int+Fee)
0 - 14.3%
0
228.8% - 238.8%
0 - N/A
27

Product Details

Key Statistics
Outstanding portfolio (COP)COP 186,866,438
Portfolio (USD)USD 102,673.87
Active Clients with Loans918
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
CIRCULOS SOLIDARIOS CON RECURSOS PROPIOS.
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 businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 72,970
Portfolio (USD)USD 48,647
Active Clients with Loans729
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Loans granted are with other services like business development skills training,HIV/AIDS.prevention and management education,malaria prevention to enhance the repayment of the loan.These loans are granted to a group of between 5-15 membership.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherPetty trading
Other (2)Loan for farmers, fish mongers
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
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 groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than COP 5,000,000100%
COP 5,000,000-20,000,0000
COP 20,000,000-35,000,0000
COP 35,000,000-50,000,0000
COP 50,000,000-65,000,0000
Greater than COP 65,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term4.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size1,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest2.46%
Highest quoted nominal interest2.46%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComisio Credito
% of loan amount - min1.88%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
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
DescriptionFondo Mutual y Exequial
% of loan amount - min1.30%
% of loan amount - max1.30%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Pricing Information

Interest
Lowest quoted nominal interest1.25%
Highest quoted nominal interest1.25%
Interest rate periodWeekly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing fees
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
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 deposited20.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
This loan is sometimes risky if the group is not effectively oriented or mobilization is improper done.

Full Pricing Data

CS CON RECURSOS PROPIOS samples
Sample 1Sample 2Sample 3
Loan AmountCOP 300,000COP 400,000COP 800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-05-162011-05-172011-05-17
Loan Term (Months)2.0 months2.8 months2.8 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 Component44.0%50.4%50.4%
Insurance Component12.7%12.7%12.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)56.8%63.2%63.2%
Transparency Index524747
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Group lending samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 200GHS 500GHS 500GHS 500
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component139.1%143.6%143.6%143.6%
Insurance Component13.9%14.3%14.3%14.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component75.9%80.9%80.9%80.9%
Full APR (int fee ins tax dep)228.8%238.8%238.8%238.8%
Transparency Index28272727
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
CS CON RECURSOS PROPIOS Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFomentamosInstitutionCO-013-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version0200,000400,000600,000800,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 40020020Number 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.
Click to view Price Analysis Tool
Group lending Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeDQFInstitutionGH-017-V01-P03ProductGHCountry2011YearRange Number1Institution Data Version0100200300400500Loan Size (all)0%50%100%150%200%250%Full APR (int fee ins tax dep)> 30010020Number 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.
Click to view Price Analysis Tool
Caps / Zoom options
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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X Axis
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By Country

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