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Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Institution

Addis Credit and Savings Institution Head OfficeAddis AbabaPO Box 5667
Data approved: 2012-01-13
Data version: 1
Age of data: 158 months

Product

Microcrédito Product 2 of 2 « Prev | Next »

Product

Micro & Small Business Loan Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers24,982
Loan Amount (range)COP 200,000 - 103,000,000
Loan Term (range)1 - 60
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Eventualmente capacitación y asistencia técnica
Annual Interest & Method25.0%-31.9% annual, Decl Bal
Fees10,000.00 upfront 4.50% ongoing
Insurance7.00% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component38.4% - 41.2% (Int+Fee)
Insurance Component1.2% - 1.4%
Tax Component Range0
Full APR (int fee ins tax dep)39.6% - 42.6%
Transparency Index (min/max)59 - 105
Transparency Index (average)61

Product Summary

165,464
ETB 700 - 1,000,000
7 - 36
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
10.0% annual, Flat
2.00% ongoing
1.00% upfront
None
5.0% upfront
 
N/A
17.7% - 19.9% (Int+Fee)
1.3% - 1.8%
0
20.5% - 23.1%
42 - 50
45

Product Details

Key Statistics
Outstanding portfolio (COP)COP 34,006,476,957
Portfolio (USD)USD 18,684,877.45
Active Clients with Loans24,982
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
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 purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherEventualmente capacitación y asistencia técnica
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 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 (ETB)ETB 516,753,605
Portfolio (USD)USD 28,084,435.05
Active Clients with Loans165,464
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
These are micro and small business loans for individuals, groups and cooperatives.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 200,000
Maximum loan size103,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term60.0 months
Approx average17.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyETB
Minimum loan sizeETB 700
Maximum loan size1,000,000
Loan Term and Grace Period
Shortest loan term7.0 months
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage90%
Average grace period2.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest31.87%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCostos Administrativos
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10,000
Fixed amount - max10,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionComisio Mipyme (cobrado anualmente)
% of loan amount - min4.50%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de proteccio de prestamo
% of loan amount - min7.00%
% of loan amount - max7.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 interest10.00%
Highest quoted nominal interest10.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionService Charge
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,200,000COP 3,500,000COP 7,091,800
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-03-102011-04-012011-03-16
Loan Term (Months)13.0 months18.0 months24.0 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 Component41.2%39.6%38.4%
Insurance Component1.3%1.4%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)42.6%41.0%39.6%
Transparency Index596163
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Micro & Small Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountETB 2,500ETB 3,000ETB 5,000ETB 10,000ETB 24,000ETB 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-162011-08-262011-08-092011-08-122011-09-052011-08-17
Loan Term (Months)23.0 months24.0 months24.0 months29.0 months31.0 months31.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component19.9%18.4%19.8%19.4%19.3%17.7%
Insurance Component1.6%1.4%1.5%1.4%1.4%1.4%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component1.6%1.4%1.6%1.6%1.5%1.4%
Full APR (int fee ins tax dep)23.1%21.3%22.9%22.4%22.3%20.5%
Transparency Index434744454549
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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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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