2. Finamerica
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Institution

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months

Product

Crédito preferencial ( Credipremium) Product 2 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)COP 33,823,600,344
Portfolio (USD)USD 18,584,395.79
Active Clients with Loans6,585
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Línea de crédito que premia el excelente manejo crediticio de los clientes antiguos de Finamérica; otorgando una tasa preferencial y montos preaprobados para un desembolso más ágil.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
OtherPrograma Afinidad ( tarjeta club finamigos)
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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 772,500
Maximum loan size83,430,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term59.0 months
Approx average19.1 months
Grace Period
Grace period usage0
Average grace period0
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 interest10.16%
Highest quoted nominal interest28.66%
Reason(s) why interest rate variesTime as Client, Client Risk, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1Fee 2
DescriptionComision ley MipymeComision por consulta centrales de riesgo (solamente para algunos prestamos de este producto)
% of loan amount - min4.50%0
% of loan amount - max7.50%0
OR, Fixed amount - min03,500
Fixed amount - max03,500
Reason for variationQue se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmenteN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida por el monto desembolsado (se cobra anualmente)
% of loan amount - min0.34%
% of loan amount - max0.34%
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 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

Full Pricing Data

Crédito preferencial ( Credipremium) samples
Sample 1Sample 2Sample 3
Loan AmountCOP 4,000,000COP 13,260,000COP 42,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-302011-04-182011-04-30
Loan Term (Months)24.0 months36.0 months36.0 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 Component27.9%28.0%14.6%
Insurance Component0.8%0.8%0.8%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.7%28.8%15.4%
Transparency Index353566
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Crédito preferencial ( Credipremium) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeAnyLoan PurposeFinamericaInstitutionCO-017-V01-P02ProductCOCountry2011YearRange Number1Institution Data Version010,000,00020,000,00030,000,00040,000,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 1,30090060030030Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Institution # Borrowers Portfolio (US$) Products Age of Data
ACSI682,200103,172,0005162
ADCSI176,10030,846,0002163
BG47,0004,048,0004162
DECSI361,00096,304,0007162
Dire4,900828,0004162
DMCPSC1,20069,0001162
Eshet18,8002,392,0003162
Harbu22,4001,757,0002162
Meklit12,2001,395,0004162
Metemamen10,500650,0006162
OCSSCO502,70069,565,0003162
OMO323,60031,385,0004162
PEACE17,2002,462,0003162
SFPI33,6002,750,0003162
Sidama53,4001,162,0006162
Wasasa49,3005,798,0004162
Wisdom MFI45,3005,500,0006159
Caps / Zoom options
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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