2. Finamerica
Please note that the information you are viewing is 164 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. KRB
Please note that the information you are viewing is 137 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: 164 months

Institution

Kumanwuman Rural Bank Limited Head OfficeKumawuKumasi, AshantiP.O. Box 33
Data approved: 2013-03-05
Data version: 2
Age of data: 137 months
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Product

Grupo Solidario Confianza Product 5 of 7 « Prev | Next »

Product

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Product Summary

Number borrowers311
Loan Amount (range)COP 200,000 - 2,000,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Other Training, Charlas de grupo , cobranza de creditos , charlas de ahorro.
Annual Interest & Method18.7%-29.6% annual, Decl Bal
Fees7.50% upfront
Insurance0.34% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component33.6% - 52.5% (Int+Fee)
Insurance Component0.6% - 0.8%
Tax Component Range0
Full APR (int fee ins tax dep)34.2% - 53.3%
Transparency Index (min/max)18 - 143
Transparency Index (average)42

Product Summary

845
GHS 50 - 20,000
3 - 12
Credit Educ, Group Mtgs, Credit Ins, Other Training
28.00% annual, Flat
3.00% upfront
None
None
50.00% upfront
 
43.9% - 61.1%
4.6% - 16.6%
0
0
179.5% - 210.9%
13 - 55
14

Product Details

Key Statistics
Outstanding portfolio (COP)COP 172,005,292
Portfolio (USD)USD 94,508.40
Active Clients with Loans311
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherNàºmero de integrantes de cada grupo mínimo 3 máximo 8
Description
Crédito otorgado a un grupo de microempresarios del sector agropecuario, con carencia de garantías, donde cada integrante es responsable de su crédito y a su vez del crédito otorgado a los demás integrantes del grupo
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
OtherCharlas de grupo , cobranza de creditos , charlas de ahorro.
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherAgrupacion de personas que tengan en comun, proyectos agropecuarios, agroindustriales, comerciales.
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 (GHS)GHS 1,127,923
Portfolio (USD)USD 572,549.75
Active Clients with Loans845
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for individuals using a susu methodology. After three months of small savings deposits, indivduals can apply.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
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
OtherMust have conttributed savings depsoit for at least 3 months.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveAshanti Region

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 200,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than COP 5,000,000100%
COP 5,000,000-20,000,0000
COP 20,000,000-35,000,0000
COP 35,000,000-50,000,0000
COP 50,000,000-65,000,0000
Greater than COP 65,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00020%
GHS 5,000-7,50030%
GHS 7,500-10,00015%
GHS 10,000-13,00010%
Greater than GHS 13,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months40%
Between 7 and 9 months50%
Between 10 and 12 months0
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 interest18.68%
Highest quoted nominal interest29.57%
Reason(s) why interest rate variesBranch, Time as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1
DescriptionComision ley Mipyme que se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (cobrado anualmente)(solamente para algunos prestamos de este producto)
% of loan amount - min7.50%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida por el monto desembolsado (cobrado 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

Pricing Information

Interest
Lowest quoted nominal interest28.00%
Highest quoted nominal interest28.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% 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 Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited50.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid4.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Grupo Solidario Confianza samples
Sample 1Sample 2Sample 3
Loan AmountCOP 200,000COP 1,200,000COP 1,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-282011-04-302011-04-29
Loan Term (Months)8.0 months12.0 months12.0 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 Component33.6%52.5%51.8%
Insurance Component0.6%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)34.2%53.3%52.6%
Transparency Index553536
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Susu Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 1,500GHS 3,000GHS 10,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not Known1Not KnownNot Known
Disbursement Date2013-04-092013-01-242012-08-222013-02-12
Loan Term (Months)6.0 months8.0 months8.0 months10.0 months
Grace Period (Months)0.0 months0.2 months0.3 months-0.1 months
Total Cost of CreditGHS 255GHS 650GHS 2,166.72GHS 3,950
True Price by Comp       
Interest price component45.5%45.1%43.9%47.6%
Fee Component10.8%8.3%8.0%7.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component154.6%137.0%127.6%138.0%
Full APR (int fee ins tax dep)210.9%190.4%179.5%192.8%
Transparency Index13151615
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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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