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

Institution

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

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.finamerica.com.co/
Year established1997
Head of InstitutionGregorio Alberto Mejia Solano
Regions active
# Branches43

Total Portfolio (nat'l)COP 183,819,000,000
Total Portfolio (USD)USD 100,999,450.50
Active clients with loans45,380
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsACCION INTERNACIONAL
FundersCaja de compensacion Familiar Colsubsdio, Caja de compensacion Familiar Cafam, Caja de compensacion Familiar Comfandi, Caja de compensacion Familiar Confenalco

Loan Products » Summary

Destino
2,505 Borrowers
USD 7,450,166.34 Portfolio
Active Product
Preferencial
6,585 Borrowers
USD 18,584,395.79 Portfolio
Active Product
Renovado
23,954 Borrowers
USD 55,023,076.92 Portfolio
Active Product
Pymes
955 Borrowers
USD 15,205,774.15 Portfolio
Active Product
Confianza
311 Borrowers
USD 94,508.40 Portfolio
Active Product
YA
5,198 Borrowers
USD 3,119,030.61 Portfolio
Active Product
Confianza
320 Borrowers
USD 59,881.76 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo Libre Destino COP 300,000 - 65,000,000 12 - 59 40% - 60% 80% - 100% Any Purpose Women, Men, Have business, Salaried worker Other Training, Fidelizacion
Crédito preferencial ( Credipremium) COP 772,500 - 83,430,000 6 - 59 40% - 60% 80% - 100% Any Purpose Women, Men, Have business Other Training, Programa Afinidad ( tarjeta club finamigos)
Credito Individual Nuevo y Renovado COP 772,000 - 83,430,000 1 - 59 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business Credit Educ, Credit Ins, Programa Afinidad
Credito Pymes COP 12,440,000 - 300,000,000 6 - 59 20% - 40% 80% - 100% Business, Compra de mercancías, insumos, adquisición de maqu Women, Men, Have business, Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore Programa Afinidad (tarjeta club finamigos)
Grupo Solidario Confianza COP 200,000 - 2,000,000 3 - 12 40% - 60% 20% - 40% Business, Consumer, Capital de Trabajo Women, Men, Agrupacion de personas que tengan en comun, proyectos agropecuarios, agroindustriales, comerciales. Credit Educ, Other Training, Charlas de grupo , cobranza de creditos , charlas de ahorro.
Mi credito YA COP 400,000 - 2,400,000 6 - 12 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business, Personas sin experiencia crediticia Credit Ins, Other Training, programa de Fidelizacion clientes Club Finamigos
Micro confianza COP 200,000 - 700,000 3 - 6 40% - 60% 80% - 100% Business, Capital de Trabajo Women, Men, Have business, antigàŒedad del negocio de 18 meses y activos fijos inferiores a 500 SMLV Credit Ins, Other Training, programa de Fidelizacion clientes Club Finamigos

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo Libre Destino 14.4%-28.7% annual, Decl Bal 2 Fees 1 Ins None N/A 23.9% - 24.8% 24.7% - 25.5% 57
Crédito preferencial ( Credipremium) 10.2%-28.7% annual, Decl Bal 2 Fees 1 Ins None N/A 14.6% - 28% 15.4% - 28.8% 45
Credito Individual Nuevo y Renovado 8.0%-29.6% annual, Decl Bal 2 Fees 1 Ins None N/A 41.2% - 44.3% 42% - 45.1% 18
Credito Pymes 20.9%-21.6% annual, Decl Bal 2 Fees 1 Ins None N/A 13.7% - 23.1% 14.5% - 23.8% 100
Grupo Solidario Confianza 18.7%-29.6% annual, Decl Bal 1 Fee 1 Ins None N/A 33.6% - 52.5% 34.2% - 53.3% 42
Mi credito YA 22.4%-29.9% annual, Decl Bal 1 Fee 1 Ins None N/A 50.6% - 52.9% 51.3% - 53.7% 43
Micro confianza 21.6%-29.6% annual, Decl Bal 1 Fee 1 Ins None N/A 33.9% - 53.2% 34.5% - 53.9% 48
Institution Price Graph
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  2. AES India
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

Anupama Education Society (MFI)-Satna Ankita Sadan,Bharut NagarSatna, M.P.485001
Data approved: 2010-10-25
Data version: 1
Age of data: 171 months

Product

Income Generation Loan Product 1 of 1 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 15,210,915
Portfolio (USD)USD 286,998.40
Active Clients with Loans3,690
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
Other
Description
This loan product is designed to provide loan to income generating activities.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other trainingx
OtherDairy Training; Financial Literacy Training
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherAge Group 21 to 55
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
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size12,000
Loan Term and Grace Period
Shortest loan term10.9 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
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.50%
% of loan amount - max2.50%
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
Ins 1
DescriptionInsurance
% of loan amount - min1.00%
% of loan amount - max2.00%
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

Income Generation Loan samples
Sample 1Sample 2
Loan AmountINR 5,000INR 10,000
Loan Cycle (1, 2, 3, etc)12
Disbursement Date2010-05-172010-05-18
Loan Term (Months)11.2 months11.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component36.1%37.0%
Insurance Component2.3%2.4%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)38.4%39.4%
MFIN MFI Earning (Annualised)36.1%37.0%
MFIN Cost to Borrower (Annualised)38.4%39.4%
Transparency Index3938
MFIN Transparency IndexN/AN/A
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Income Generation Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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