FUNDACIÓN AMANECER - Nucleos Solidarios Productivos - 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 536,151,015
Portfolio (USD)	USD 294,588.47
Active Clients with Loans	304
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Crédito Rural mediante la organización del campesino en grupos de hasta 12 personas de una misma vereda con actividad de producción, comercio o servicios. Fianza solidaria.

Loan Purpose

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

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training
Other	Giras Técnicas
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	5,150,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	22.0 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	x
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

Nucleos Solidarios Productivos samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	COP 1,500,000	COP 3,000,000	COP 4,000,000	COP 4,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-09-29	2011-03-22	2011-03-16	2011-03-16
Loan Term (Months)	24.0 months	18.0 months	18.0 months	24.0 months
Grace Period (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
True Price by Comp
Interest and Fee Component	29.6%	31.0%	31.0%	31.0%
Insurance Component	3.6%	1.8%	1.4%	1.4%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	33.2%	32.9%	32.4%	32.4%
Transparency Index	89	90	91	91

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

Nucleos Solidarios Productivos Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACLEDA	235,200	215,086,000	6	167
AMK	288,200	63,784,000	16	139
AMRET	299,500	149,542,000	8	139
Chamroeun	48,100	7,480,000	4	119
Farmer Finance	200	407,000	1	139
First Finance	500	5,819,000	1	139
HKL	73,400	93,842,000	3	139
KREDIT	61,800	59,319,000	9	139
Maxima	2,900	3,179,000	3	139
PRASAC	138,500	251,931,000	9	139
Seilanithih	15,200	7,516,000	5	139
SPN	35,100	29,828,000	6	139
TPC	120,000	45,931,000	13	139
VF Cambodia	148,600	48,984,000	18	139

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

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Total Borrrowers of Samples


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By Country

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