2. Actuar Tolima
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SKS
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CORPORACION ACCION POR EL TOLIMA ACTUAR FAMIEMPRESAS Calle 18 No.6-16Ibague, Tolima
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Institution

SKS Microfinance My Home Tycoon Building, KundanbaghAbove Life Style, Begumpet Main RoadHyderabad, Andhra PradeshPO Box 500016
Data approved: 2013-04-02
Data version: 3
Age of data: 139 months
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Product

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Product Summary

Number borrowers7,186
Loan Amount (range)COP 300,000 - 13,390,000
Loan Term (range)3 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method25.2%-29.5% annual, Decl Bal
Fees4.50%-7.50% ongoing
Insurance1.35%-2.10% upfront 1,210.00-11,400.00 ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component38.4% - 48.2% (Int+Fee)
Insurance Component2.5% - 7.0%
Tax Component Range0
Full APR (int fee ins tax dep)43.6% - 55.2%
Transparency Index (min/max)46 - 58
Transparency Index (average)49

Product Summary

2,484,407
INR 2,000 - 14,000
11.5
Group Mtgs, Credit Ins, Other Training, Building Leadership and Promoting Members Cooperation.
24.6% annual, Decl Bal
0.88% upfront
0.50% upfront
12.36% fees
N/A
 
24.6%
1.8%
1.1%
0.3%
27.8%
88
88

Product Details

Key Statistics
Outstanding portfolio (COP)COP 6,765,607,158
Portfolio (USD)USD 3,717,366.57
Active Clients with Loans7,186
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Fortalecer la capacidad actual de la microempresa, mediante la financiación de capital de trabajo, procurando satisfacer sus necesidades específicas, tales como compras, proveedores, sustitución de pasivos, etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit education
Group meetings
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
Otherpueden realizar actividades de producción, comercio o servicios.
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 (INR)INR 14,172,152,930
Portfolio (USD)USD 267,399,111.90
Active Clients with Loans2,484,407
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint Liability Group
Description
The maximum eligible limit for the borrower in the first cycle is Rs 12,000 and from second cycle onwards Rs 14,000. Repayment is weekly. The loan has an insurance cover on member and optional insurance coverage for Husband
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherBuilding Leadership and Promoting Members Cooperation.
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product17
Regions ActiveAndhra Pradesh, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 300,000
Maximum loan size13,390,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 2,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term11.5 months
Approx average11.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
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

Pricing Information

Interest
Lowest quoted nominal interest2.10%
Highest quoted nominal interest2.46%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionHonorarios y Comisiones decretada por el Consejo Superior de la Microempresa. Porcentaje no incluye el IVA.
% of loan amount - min4.50%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionAVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL (FRG)
% of loan amount - min1.35%
% of loan amount - max2.10%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO DEUDORES Y SEGURO DE VIDA
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,210
Fixed amount - max11,400
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 interest24.55%
Highest quoted nominal interest24.55%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationService Tax included.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationMin is 0.5% for covering member only and max of 1% for covering member and spouse
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Capital de Trabajo samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 700,000COP 1,200,000COP 1,500,000COP 3,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-162011-03-162011-03-162010-09-10
Loan Term (Months)10.0 months12.0 months12.0 months12.0 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 Component48.2%48.1%48.1%38.4%
Insurance Component7.0%5.5%5.2%5.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)55.2%53.6%53.4%43.6%
Transparency Index46474758
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Income Generating Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-282012-12-242012-12-24
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,400INR 1,680INR 1,680
True Price by Comp     
Interest price component24.6%24.6%24.6%
Fee Component1.8%1.8%1.8%
Insurance Component1.1%1.1%1.1%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.8%27.8%27.8%
MFIN MFI Earning (Annualised)26.4%26.4%26.4%
MFIN Cost to Borrower (Annualised)27.8%27.8%27.8%
Transparency Index888888
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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Key Statistics
# Samples:
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# 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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