Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.contactar-pasto.org/ |
Year established | 1971 |
Head of Institution | Gloria Lucía Bustos Chaves |
Regions active | |
# Branches | 21 |
Total Portfolio (nat'l) | COP 34,006,476,957 |
Total Portfolio (USD) | USD 18,684,877.45 |
Active clients with loans | 24,982 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 0% - 20% |
Network affiliations | EMPRENDER, FOROLACFR |
Funders | CORPONARIÑO - GTZ, ARTESANIAS DE COLOMBIA, FUNDACION SOCIAL, CORFAS |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Comercial | COP 12,875,001 - 103,000,000 | 1 - 60 | 40% - 60% | 40% - 60% | Any Purpose, Principalmente para capital de trabajo y activos f, Sustitución de pasivos | Women, Men, Have business | Eventualmente capacitación y asistencia técnica | |||||||
Microcrédito | COP 200,000 - 103,000,000 | 1 - 60 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Eventualmente capacitación y asistencia técnica |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Comercial | 23.8% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 21.2% - 21.3% | 22.5% - 22.7% | 100 | ||||||||
Microcrédito | 25.0%-31.9% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 38.4% - 41.2% | 39.6% - 42.6% | 61 |
Outstanding portfolio (AZN) | AZN 25,000 |
Portfolio (USD) | USD 32,051.28 |
Active Clients with Loans | 477 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala |
Currency | AZN |
Minimum loan size | AZN 50 |
Maximum loan size | 10,000 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Grace period usage | 0 |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | BorcalanÄn heyat sigortasi |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 585 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | AZN 800 | AZN 850 | AZN 1,400 | AZN 3,000 | AZN 6,400 | AZN 6,650 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2009-11-06 | 2009-11-02 | 2010-04-21 | 2009-10-30 | 2010-03-29 | 2009-11-24 | |||||
Loan Term (Months) | 18.0 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 37.5% | 38.2% | 37.9% | 34.0% | 28.0% | 28.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 37.5% | 38.2% | 37.9% | 34.0% | 28.0% | 28.1% | |||||
Transparency Index | 77 | 76 | 76 | 85 | 100 | 100 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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