Corporación Nariño Empresa y Futuro - Microcrédito - MFTransparency.org Truth In Lending Tables

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Institution

Corporación Nariño Empresa y Futuro Calle 17 No. 29-31Pasto, Nariño

Data approved: 2011-08-01

Data version: 1

Age of data: 166 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 34,006,476,957
Portfolio (USD)	USD 18,684,877.45
Active Clients with Loans	24,982
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

Crédito para microempresarios urbanos y rurales que cuenten con experiencia mínima de 6 meses en su unidad productiva.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other	Eventualmente capacitación y asistencia técnica
Other (2)
No other services

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 200,000
Maximum loan size	103,000,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	60.0 months
Approx average	17.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	25.00%
Highest quoted nominal interest	31.87%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Costos Administrativos
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	10,000
Fixed amount - max	10,000
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

	Fee 1
Description	Comisio Mipyme (cobrado anualmente)
% of loan amount - min	4.50%
% of loan amount - max	4.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Seguro de proteccio de prestamo
% of loan amount - min	7.00%
% of loan amount - max	7.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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

Microcrédito samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 1,200,000	COP 3,500,000	COP 7,091,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-03-10	2011-04-01	2011-03-16
Loan Term (Months)	13.0 months	18.0 months	24.0 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	41.2%	39.6%	38.4%
Insurance Component	1.3%	1.4%	1.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	42.6%	41.0%	39.6%
Transparency Index	59	61	63

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

Microcrédito Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AccessBank	82,400	199,224,000	4	176
Bank of Baku	59,500	123,214,000	4	176
DemirBank	14,100	25,597,000	2	120
FINCA	154,600	233,358,000	12	120
Parabank	10,300	37,235,000	3	176
Turanbank	2,600	326,000	5	176
Unibank	800	64,000	1	176
Viator	19,500	20,468,000	8	119

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

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Total Borrrowers of Samples


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By Country

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