FUNDACIÓN AMANECER - Microvivienda - MFTransparency.org Truth In Lending Tables

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Institution

FUNDACIÓN AMANECER Calle 24 No. 20 A 27Yopal, Casanare

Data approved: 2011-09-15

Data version: 1

Age of data: 166 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 2,672,535,320
Portfolio (USD)	USD 1,468,426
Active Clients with Loans	583
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Crédito para el mejoramiento de la calidad de vida de los empresarios para la mejora, ampliación y cofinanciación de la vivienda que sirve como lugar de residencia principal del empresario y/o su familia.

Loan Purpose

Any purpose
Income generation
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 515,000
Maximum loan size	25,750,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	30.0 months
Approx average	24.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	2.46%
Highest quoted nominal interest	2.46%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Comisio para el cubrimiento de la póliza de gravamen
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	3,000
Fixed amount - max	3,000
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Microvivienda samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	COP 1,500,000	COP 3,000,000	COP 4,000,000	COP 5,000,000	COP 15,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-09-08	2011-05-31	2011-03-29	2011-03-30	2010-09-13
Loan Term (Months)	12.0 months	15.0 months	18.0 months	18.0 months	15.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	29.6%	31.1%	31.1%	31.1%	29.6%
Insurance Component	4.1%	2.0%	1.6%	1.2%	0.4%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	33.7%	33.1%	32.7%	32.3%	30.0%
Transparency Index	88	89	90	91	98

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Microvivienda Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACSI	682,200	103,172,000	5	157
ADCSI	176,100	30,846,000	2	158
BG	47,000	4,048,000	4	157
DECSI	361,000	96,304,000	7	157
Dire	4,900	828,000	4	157
DMCPSC	1,200	69,000	1	157
Eshet	18,800	2,392,000	3	157
Harbu	22,400	1,757,000	2	157
Meklit	12,200	1,395,000	4	157
Metemamen	10,500	650,000	6	157
OCSSCO	502,700	69,565,000	3	157
OMO	323,600	31,385,000	4	157
PEACE	17,200	2,462,000	3	157
SFPI	33,600	2,750,000	3	157
Sidama	53,400	1,162,000	6	157
Wasasa	49,300	5,798,000	4	157
Wisdom MFI	45,300	5,500,000	6	154

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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

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