| Outstanding portfolio (COP) | COP 766,605,078 |
| Portfolio (USD) | USD 421,211.58 |
| Active Clients with Loans | 1,683 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| 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 | |
| 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 | |
| Must be specific age group | |
| Other | Cliente con crédito vigente que tenga un saldo menor al 50% del valor desembolsado |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | COP |
| Minimum loan size | COP 200,000 |
| Maximum loan size | 1,606,800 |
| 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 | 2.0 months |
| Longest loan term | 2.0 months |
| Approx average | 2.0 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 | 2.40% |
| Highest quoted nominal interest | 2.83% |
| Reason(s) why interest rate varies | N/A |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Comision Mipyme (Ver User Comments) |
| % of loan amount - min | 4.50% |
| % of loan amount - max | 7.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Vida Requerido |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 300,000 | COP 1,500,000 | COP 1,600,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-05-04 | 2011-02-10 | 2011-05-04 | ||
| Loan Term (Months) | 2.0 months | 2.0 months | 2.0 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 | 39.3% | 40.6% | 39.3% | ||
| Insurance Component | 0.3% | 0.3% | 0.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 39.6% | 40.9% | 39.6% | ||
| Transparency Index | 73 | 70 | 73 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1996 |
| Head of Institution | Sentayehu Ketema |
| Regions active | |
| # Branches | 9 |
| Total Portfolio (nat'l) | ETB 17,886,789 |
| Total Portfolio (USD) | USD 972,108.10 |
| Active clients with loans | 5,015 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | AEMFI, MAIN |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumption Loan | ETB 2,000 - 10,000 | 12 - 24 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Group Loan | ETB 2,500 - 10,000 | 1 - 12 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
| Individual Loan | ETB 2,500 - 80,000 | 12 - 36 | 60% - 80% | 80% - 100% | Any Purpose | Women, Men | Credit Educ, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumption Loan | 10.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 18.1% - 22.1% | 18.1% - 22.1% | 51 | ||||||||
| Group Loan | 11.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 24.2% - 24.5% | 24.2% - 24.5% | 47 | ||||||||
| Individual Loan | 11.5% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 21.2% - 24.3% | 21.2% - 24.3% | 51 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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