2. Amanecer
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. Dire
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACIÓN AMANECER Calle 24 No. 20 A 27Yopal, Casanare
Data approved: 2011-09-15
Data version: 1
Age of data: 166 months

Institution

Dire Microfinance Head OfficeDire DawaPO Box 2859
Data approved: 2011-12-23
Data version: 1
Age of data: 157 months

Product

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Product

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Product Summary

Number borrowers2,664
Loan Amount (range)COP 515,000 - 25,750,000
Loan Term (range)6 - 30
Other Services (text summary)Tech Asst Visits, Business Training
Annual Interest & Method29.5% annual, Decl Bal
Fees2.00% ongoing
Insurance3,000.00 ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component29.6% - 35.0% (Int+Fee)
Insurance Component0.4% - 7.6%
Tax Component Range0
Full APR (int fee ins tax dep)30.1% - 38.0%
Transparency Index (min/max)71 - 98
Transparency Index (average)88

Product Details

Key Statistics
Outstanding portfolio (COP)COP 9,172,453,921
Portfolio (USD)USD 5,039,809.85
Active Clients with Loans2,664
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Se apoya el sector empresarial urbano, a través de crédito y programas de capacitación y asesoría empresarial. El fin àºltimo es fortalecer la autogestión, el crecimiento como persona, empresario, miembro de una familia y de una comunidad.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
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
Other
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


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (ETB)ETB 958,500
Portfolio (USD)USD 52,092.39
Active Clients with Loans38
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Description
This product targets salaried employees in the Dire Dawa city administration
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
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 515,000
Maximum loan size25,750,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term30.0 months
Approx average19.0 months
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 interest2.46%
Highest quoted nominal interest2.46%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionComisio Ley Mipyme para el cubrimiento de los costos de estudio del credito (No todas)
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionComisio para el cubrimiento de la póliza de gravamen
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Desarrollo Empresarial samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 2,000,000COP 8,000,000COP 13,000,000COP 13,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-132011-06-132010-09-142011-05-31
Loan Term (Months)12.0 months24.0 months18.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component35.0%34.1%29.6%31.1%
Insurance Component3.0%0.7%0.5%0.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.0%34.9%30.1%31.6%
Transparency Index78859894
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Desarrollo Empresarial Price Graphs


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% Products with compulsory deposits
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