Number borrowers | 215 |
Loan Amount (range) | COP 535,600 - 535,600 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins, FRG, Estudios de Crédito |
Annual Interest & Method | 25.2%-29.5% annual, Decl Bal |
Fees | 27,800.00 ongoing |
Insurance | 1.35%-1.40% upfront 1,210.00-4,770.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 0 (Int+Fee) |
Insurance Component | 2.5% - 7.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 0 |
Transparency Index (min/max) | 46 - 58 |
Transparency Index (average) | N/A |
6,350 |
ETB 300 - 10,000 |
12 |
Credit Educ, Group Mtgs, Credit Ins |
18.0% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
6.0% upfront 20.00 ongoing |
N/A |
35.6% - 35.7% (Int+Fee) |
1.1% - 4.1% |
0 |
42.8% - 46.9% |
25 - 55 |
40 |
Outstanding portfolio (COP) | COP 114,925,140 |
Portfolio (USD) | USD 63,145.68 |
Active Clients with Loans | 215 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | FRG |
Other (2) | Estudios de Crédito |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (ETB) | ETB 666,000 |
Portfolio (USD) | USD 36,195.65 |
Active Clients with Loans | 6,350 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 535,600 |
Maximum loan size | 535,600 |
Loans less than COP 5,000,000 | 100% |
COP 5,000,000-20,000,000 | 0 |
COP 20,000,000-35,000,000 | 0 |
COP 35,000,000-50,000,000 | 0 |
COP 50,000,000-65,000,000 | 0 |
Greater than COP 65,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | ETB |
Minimum loan size | ETB 300 |
Maximum loan size | 10,000 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 | 2.10% |
Highest quoted nominal interest | 2.46% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Estudio de Credito (monto con cada pago) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 27,800 |
Fixed amount - max | 27,800 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL | SEGURO DE DEUDOR Y SEGURO DE VIDA | |
% of loan amount - min | 1.35% | 0 | |
% of loan amount - max | 1.40% | 0 | |
OR, Fixed amount - min | 0 | 1,210 | |
Fixed amount - max | 0 | 4,770 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service charge |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 6.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | ETB 20 - N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | ETB 1,000 | ETB 1,500 | ETB 2,000 | ETB 3,000 | ETB 3,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-08-05 | 2011-08-05 | 2011-08-05 | 2011-09-16 | 2011-08-05 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 35.6% | 35.6% | 35.6% | 35.7% | 35.6% | ||||
Insurance Component | 2.1% | 2.1% | 2.1% | 2.1% | 2.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 9.2% | 7.2% | 6.2% | 5.4% | 5.1% | ||||
Full APR (int fee ins tax dep) | 46.9% | 44.9% | 43.9% | 43.2% | 42.8% | ||||
Transparency Index | 38 | 40 | 41 | 42 | 42 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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