Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fomentamos.com.co/ |
Year established | 2003 |
Head of Institution | Luis Fernando Florez Rubianes |
Regions active | |
# Branches | 1 |
Total Portfolio (nat'l) | COP 805,000,000 |
Total Portfolio (USD) | USD 442,307.69 |
Active clients with loans | 5,085 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders | CONFIAR COOPERATIVA FINANCIERA, COOPERATIVA BELEN AHORRO Y CREDITO, COTRAFA COOPERATIVA FINANCIERA, COOTRAMED COOPERATIVA AHORRO Y CREDITO |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2006 |
Head of Institution | Bishwajit Das |
Regions active | |
# Branches | 7 |
Total Portfolio (nat'l) | INR 24,818,991 |
Total Portfolio (USD) | USD 468,282.85 |
Active clients with loans | 6,040 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS CON RECURSOS PROPIOS | COP 50,000 - 1,000,000 | 3 - 4 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | INR 1,000 - 25,000 | 12 | 80% - 100% | 0% - 20% | Business, Can ONLY be used for Working Capital | Women, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS CON RECURSOS PROPIOS | 29.5% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 44% - 50.4% | 56.8% - 63.2% | 48 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 29.7% | 27.8% - 29.7% | 36.6% - 39.2% | 42 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 12.5% annual, Flat | 0 Fees | 1 Ins | None | 10.0% upfront | 27.8% - 29.7% | 36.6% - 39.2% | 32 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS CON RECURSOS PROPIOS | 29.5% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 44% - 50.4% | 56.8% - 63.2% | 48 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 29.7% | 27.8% - 29.7% | 36.6% - 39.2% | 42 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 12.5% annual, Flat | 0 Fees | 1 Ins Ins | None | 10.0% upfront | 27.8% - 29.7% | 36.6% - 39.2% | 32 |
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