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Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 167 months
Key Statistics
| Outstanding portfolio (COP) | COP 301,334,000,000 |
| Portfolio (USD) | USD 165,568,131.90 |
| Active Clients with Loans | 199,988 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | |
Description
Capital de trabajo y/o compra de activos fijos
Loan Purpose
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Capacitación en temas de formación socio empresarial |
| 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 | Para la metodologia Banca Comunal no se requiere ser propietadio de un negocio |
| 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 200,000 |
| Maximum loan size | 21,959,600 |
Loan Term and Grace Period
| Shortest loan term | 2.0 months |
| Longest loan term | 36.0 months |
| Approx average | 14.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 | 33.16% |
| Highest quoted nominal interest | 34.04% |
| Reason(s) why interest rate varies | Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | (ALGUNOS EJEMPLOS) Comisio por la ley Mipyme ;Cobrada de conformidad con el articulo 39 de la Ley 590 de 2000, Resolucion de Abril 26/2007 del Consejo Superior de la Microempresa-publicada en Mayo 4/07, Si el credito aprobado es menor igual a 4 SMMLV hasta 25 SMMLV se cobra el 4.5% anticipada, si es mayor a 4 SMMLV se cobra 7.5% anticipada |
| % of loan amount - min | 4.50% |
| % of loan amount - max | 7.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
| Fee 1 |
|---|
| Description | Comisio por la ley Mipyme |
| % of loan amount - min | 4.61% |
| % of loan amount - max | 7.82% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Cobrada de conformidad con el articulo 39 de la Ley 590 de 2000, Resolucion de Abril 26/2007 del Consejo Superior de la Microempresa-publicada en Mayo 4/07, Si el credito aprobado es menor igual a 4 SMMLV hasta 25 SMMLV se cobra el 4.5% anticipada, si es mayor a 4 SMMLV se cobra 7.5% anticipada. |
| Appears on Repayment Sched? | Yes |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | Seguro de Vida 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 | Cobertura de padecimientos no congenitos de los clientes en estos casos habra cobertura del saldo insoluto de la obligacion del cliente, se tienen estipulado el pago de la deuda en caso de fallecimiento el 100% sin exclusiones; por invalidez se reconoce el 100% de la deuda siempre y cuando la enfermedad o accidente no sea pre existente. Invalidez "50% perdida de su capacidad laborar y certificada por un medico" |
| 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
Este producto corresponde a una àºnica cartera de microcrédito en la cual hay varias lineas comerciales las mas representativas de las cuales estan incluidas.
Full Pricing Data
Microcrédito samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | COP 740,000 | | COP 1,540,000 | | COP 1,670,000 | | COP 3,511,700 | | COP 4,500,000 | | COP 16,221,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-01-31 | | 2011-01-18 | | 2011-01-27 | | 2011-01-13 | | 2011-01-31 | | 2011-01-31 |
| Loan Term (Months) | 10.0 months | | 12.0 months | | 12.0 months | | 36.0 months | | 24.0 months | | 30.0 months |
| Grace Period (Months) | 0.0 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 | | Not Known |
| True Price by Comp | | | | | | | | | | | |
| Interest and Fee Component | 49.7% | | 52.9% | | 29.8% | | 40.4% | | 41.0% | | 34.1% |
| Insurance Component | 0.4% | | 0.4% | | 0.4% | | 0.4% | | 0.4% | | 0.4% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 50.1% | | 53.3% | | 30.2% | | 40.8% | | 41.4% | | 34.5% |
| Transparency Index | 66 | | 62 | | 100 | | 81 | | 80 | | 96 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Microcrédito Price Graphs
