Outstanding portfolio (COP) | COP 100,142,000,000 |
Portfolio (USD) | USD 55,023,076.92 |
Active Clients with Loans | 23,954 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | Capital de Trabajo |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Programa Afinidad |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 772,000 |
Maximum loan size | 83,430,000 |
Shortest loan term | 1.0 month |
Longest loan term | 59.0 months |
Approx average | 32.0 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 |
Lowest quoted nominal interest | 8.00% |
Highest quoted nominal interest | 29.57% |
Reason(s) why interest rate varies | Time as Client, Client Risk, Clientes cuyos pagos de obligacion han sido siempre al dia, al igual que cliente que tomen lineas de redescuento de bancoldex. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Comision ley Mipyme | Comision por consulta centrales de Riesgo + IVA (No todos) | |
% of loan amount - min | 4.50% | 0 | |
% of loan amount - max | 7.50% | 0 | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 3,500 | |
Reason for variation | Que se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmente | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Seguro de vida por el monto desembolsado |
% of loan amount - min | 0.34% |
% of loan amount - max | 0.34% |
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 2,500,000 | COP 3,500,000 | COP 7,400,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-30 | 2011-04-30 | 2011-04-19 | ||
Loan Term (Months) | 6.0 months | 12.0 months | 24.0 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 | 43.1% | 44.3% | 41.2% | ||
Insurance Component | 0.6% | 0.7% | 0.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 43.8% | 45.1% | 42.0% | ||
Transparency Index | 18 | 18 | 19 | ||
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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