Number borrowers | 955 |
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 & Method | 20.9%-21.6% annual, Decl Bal |
Fees | upfront 3,500.00 upfront |
Insurance | 0.34% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 13.7% - 23.1% (Int+Fee) |
Insurance Component | 0.6% - 0.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 14.5% - 23.8% |
Transparency Index (min/max) | 18 - 143 |
Transparency Index (average) | 100 |
168,352 |
INR 4,000 - 15,000 |
11.5 - 12.1 |
Group Mtgs, Credit Ins |
23.5% annual, Decl Bal |
1.00% upfront |
1.00% upfront |
12.36% fees |
N/A |
22.6% - 26.1% |
1.0% - 2.2% |
2.1% - 2.3% |
0.1% - 0.3% |
29.8% - 30.9% |
76 - 90 |
76 |
Outstanding portfolio (COP) | COP 27,674,508,960 |
Portfolio (USD) | USD 15,205,774.15 |
Active Clients with Loans | 955 |
Approximate % Female Clients | 20% - 40% |
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 | Compra de mercancías, insumos, adquisición de maqu |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Programa Afinidad (tarjeta club finamigos) |
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 | Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 928,371,699.30 |
Portfolio (USD) | USD 17,516,447.16 |
Active Clients with Loans | 168,352 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
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) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Bihar, West Bengal |
Currency | COP |
Minimum loan size | COP 12,440,000 |
Maximum loan size | 300,000,000 |
Shortest loan term | 6.0 months |
Longest loan term | 59.0 months |
Approx average | 0 |
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 |
Currency | INR |
Minimum loan size | INR 4,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 11.5 months |
Longest loan term | 12.1 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.5 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.85% |
Highest quoted nominal interest | 21.60% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o 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 | CIFIN | Comision por consulta de centrales de riesgo | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 0 | 3,500 | |
Fixed amount - max | 50,000 | 3,500 | |
Reason for variation | 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 |
Lowest quoted nominal interest | 23.46% |
Highest quoted nominal interest | 23.46% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% 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 |
Ins 1 | |
---|---|
Description | Insurance Fee |
% 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 | 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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 15,000,000 | COP 25,000,000 | COP 40,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-28 | 2011-04-20 | 2011-04-30 | ||
Loan Term (Months) | 36.0 months | 36.0 months | 48.0 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 | 23.1% | 20.3% | 13.7% | ||
Insurance Component | 0.8% | 0.8% | 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) | 23.8% | 21.0% | 14.5% | ||
Transparency Index | 87 | 99 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 10,000 | INR 11,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-06 | 2012-11-16 | 2012-10-31 | 2012-11-02 | |||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | 11.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | INR 731.18 | INR 731.18 | INR 1,462.36 | INR 1,608.60 | |||
True Price by Comp | |||||||
Interest price component | 25.1% | 26.1% | 26.1% | 26.1% | |||
Fee Component | 2.2% | 2.2% | 2.2% | 2.2% | |||
Insurance Component | 2.2% | 2.3% | 2.3% | 2.3% | |||
Tax Component | 0.3% | 0.3% | 0.3% | 0.3% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.8% | 30.9% | 30.9% | 30.9% | |||
MFIN MFI Earning (Annualised) | 27.3% | 28.3% | 28.3% | 28.3% | |||
MFIN Cost to Borrower (Annualised) | 29.8% | 30.9% | 30.9% | 30.9% | |||
Transparency Index | 79 | 76 | 76 | 76 | |||
MFIN Transparency Index | 93 | 90 | 90 | 90 | |||
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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