FUNDAUNIBAN - Microcredito Rural - MFTransparency.org Truth In Lending Tables

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Institution

FUNDAUNIBAN Calle 52 No 47-42Medellin

Data approved: 2011-03-15

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 1,908,247,263
Portfolio (USD)	USD 1,048,487.51
Active Clients with Loans	518
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

Fortalecimiento de cultivos agopecuarios rurales, principalmente pequeños productores de las regiones del magdalena y Uraba. Las lineas de crédito son : Capital de trabajo, activos fijos, apliación de tierras productivas, credito comunitario.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan
Agriculture
Education	x
Other household finance
Other	Ampliacion de tierras
Other (2)	Capital de trabajo

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other	Capacitaciones en Buenas Practicas Administrativas
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 1,000
Maximum loan size	12,875,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	36.0 months
Approx average	24.0 months

Grace Period

Grace period usage	10%
Average grace period	6.0 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	0.38%
Highest quoted nominal interest	0.38%
Interest rate period	Weekly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Ley MiPYME para Asistencia Tecnica
% of loan amount - min	5.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1	Ins 2
Description	FNG (Fondo Nacional de Garantias) (se cobra anualmente)	Seguro de Vida (solamente para algunos prestamos de este producto)
% of loan amount - min	5.00%	1.80%
% of loan amount - max	20.00%	1.80%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	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

Microcredito Rural samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 1,600,000	COP 3,200,000	COP 7,500,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-02-25	2011-03-18	2011-03-18
Loan Term (Months)	12.1 months	24.3 months	36.4 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	33.9%	31.5%	25.8%
Insurance Component	1.1%	4.5%	1.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	1.1%	0.0%
Full APR (int fee ins tax dep)	35.0%	37.1%	26.7%
Transparency Index	56	53	74

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

Microcredito Rural 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
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By Country

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