Number borrowers | 518 |
Loan Amount (range) | COP 1,000 - 12,875,000 |
Loan Term (range) | 12 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Capacitaciones en Buenas Practicas Administrativas |
Annual Interest & Method | 19.8% annual, Decl Bal |
Fees | 5.00% upfront |
Insurance | 5.00%-20.00% ongoing Y |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.8% - 33.9% (Int+Fee) |
Insurance Component | 0.9% - 4.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 26.7% - 37.1% |
Transparency Index (min/max) | 53 - 82 |
Transparency Index (average) | 61 |
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% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
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 |
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 |
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) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 5,600 |
Portfolio (USD) | USD 2,842.64 |
Active Clients with Loans | 30 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 1,000 |
Maximum loan size | 12,875,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 10% |
Average grace period | 6.0 months |
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 |
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 |
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 |
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 |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |