Please note that the information you are viewing is
167 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 167 months
Key Statistics
| Outstanding portfolio (COP) | COP 770,117,242 |
| Portfolio (USD) | USD 423,141.34 |
| Active Clients with Loans | 235 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Crédito destinado a financiar muebles, maquinaría o equipo, herramientas, adecuación del local, requerido para el normal funcionamiento del negocio.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Solo para Activo Fijo |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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) | |
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 | 12,875,000 |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 60.0 months |
| Approx average | 36.0 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 | 20.00% |
| Highest quoted nominal interest | 29.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Comisio de microcredito autorizada por el Consejo Superior de la Microempresa (MIPYME) | | PAPELERIA (MIPYME) |
| % of loan amount - min | 1.00% | | 0 |
| % of loan amount - max | 7.50% | | 0 |
| OR, Fixed amount - min | 0 | | 37,120 |
| Fixed amount - max | 0 | | 37,120 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | Yes | | Yes |
Upfront Insurance Fees
| Ins 1 |
|---|
| Description | Garantia Fondo Nacional de Garantias (cobrado anualmente) |
| % of loan amount - min | 1.35% |
| % of loan amount - max | 3.10% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
| Ins 1 |
|---|
| Description | Seguro deudores: La prima del seguro de deuda es asumido por la Fundacio para saldos hasta de $10.000.000. La prima sobre saldos superiores a esta suma se liquidan en el plan de pagos a cargo de los deudores. |
| % of loan amount - min | 0 |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| 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 |
Additional Comments
La prima del seguro de deuda es asumido por la Fundación para saldos hasta de $1... La prima sobre saldos superiores a esta suma se liquidan en el plan de pagos a cargo de los deudores.
Full Pricing Data
Activos fijos samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | COP 1,070,000 | | COP 3,000,000 | | COP 8,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-06-03 | | 2011-06-03 | | 2011-05-23 |
| Loan Term (Months) | 12.0 months | | 15.0 months | | 18.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | |
| Interest and Fee Component | 40.0% | | 37.4% | | 34.1% |
| Insurance Component | 7.2% | | 6.3% | | 5.7% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 47.2% | | 43.7% | | 39.7% |
| Transparency Index | 42 | | 46 | | 50 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Activos fijos Price Graphs
