Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 10,000,000
Maximum loan size	61,800,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	60.0 months
Approx average	0

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

Upfront Fees

This product has no upfront fees

Ongoing Fees

	Fee 1		Fee 2
Description	Comisio de microcredito autorizada por el Consejo Superior de la Microempresa		Papeleria
% of loan amount - min	1.00%		0
% of loan amount - max	2.00%		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
% of loan amount - min	3.00%
% 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.\rPara clientes que aporten una garantía real o amparados por un convenio institucional, no se les exige el amparo del Fondo Nacional de Garantías.

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