2. Finamerica
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. Nano
Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Institution

Nano Financial Services India Private Limited H NO 6-3-1099/1/14 & 15,Flat No 301, Lake Melody ApartmentsNear Katriya Hotel,Raj Bhavan Road,Somajiguda,Hyderabad, Andhra Pradesh500082
Data approved: 2010-10-25
Data version: 1
Age of data: 171 months

Product

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Product

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Product Summary

Number borrowers955
Loan Amount (range)COP 12,440,000 - 300,000,000
Loan Term (range)6 - 59
Other Services (text summary)Programa Afinidad (tarjeta club finamigos)
Annual Interest & Method20.9%-21.6% annual, Decl Bal
Feesupfront 3,500.00 upfront
Insurance0.34% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component13.7% - 23.1% (Int+Fee)
Insurance Component0.6% - 0.8%
Tax Component Range0
Full APR (int fee ins tax dep)14.5% - 23.8%
Transparency Index (min/max)18 - 143
Transparency Index (average)100

Product Summary

16,336
INR 9,000 - 15,000
12
Credit Educ, Group Mtgs, Credit Ins
21.0% annual, Decl Bal
None
3.00% upfront
None
N/A
 
N/A
25.7% (Int+Fee)
0.9% - 1.0%
0
26.6%
45 - 79
79

Product Details

Key Statistics
Outstanding portfolio (COP)COP 27,674,508,960
Portfolio (USD)USD 15,205,774.15
Active Clients with Loans955
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para las Pequeñas y Medianas Empresas la financiación de materia prima, insumos, inventarios, gastos operativos y de funcionamiento, maquinaria y equipos, vehículo de uso productivo, compra ó adecuación de bodegas ó locales.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCompra de mercancías, insumos, adquisición de maqu
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
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
OtherPersonas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore
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 167,595,305
Portfolio (USD)USD 3,162,175.57
Active Clients with Loans16,336
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
This product desinged for AP JLG Women Groups to utilise Agriculture and allied activities, income generation activities such as pretty trade ,serivces,Production,&housing , health,childern education,other asset creation and consumption.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
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 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
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 12,440,000
Maximum loan size300,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term59.0 months
Approx average0
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 9,000
Maximum loan size15,000
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 term12.0 months
Longest loan term12.0 months
Approx average12.0 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
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 interest20.85%
Highest quoted nominal interest21.60%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o Bancoldex
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1Fee 2
DescriptionCIFINComision por consulta de centrales de riesgo
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min03,500
Fixed amount - max50,0003,500
Reason for variationN/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
% 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

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
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
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionUpfront Fee and Insurance
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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?No

Full Pricing Data

Credito Pymes samples
Sample 1Sample 2Sample 3
Loan AmountCOP 15,000,000COP 25,000,000COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-282011-04-202011-04-30
Loan Term (Months)36.0 months36.0 months48.0 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 Component23.1%20.3%13.7%
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)23.8%21.0%14.5%
Transparency Index8799100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

AP-JLGD21T12ME samples
Sample 1
Loan AmountINR 9,000
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2010-04-20
Loan Term (Months)12.0 months
Grace Period (Months)0
Total Cost of CreditNot Known
True Price by Comp 
Interest and Fee Component25.7%
Insurance Component0.9%
Tax Component0
Deposit Component0
Full APR (int fee ins tax dep)26.6%
MFIN MFI Earning (Annualised)25.7%
MFIN Cost to Borrower (Annualised)26.6%
Transparency Index79
MFIN Transparency IndexN/A
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF
* The APR stated here is an MFTransparency term, definition and formula
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