Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fundauniban.org.co/ |
Year established | 1987 |
Head of Institution | Gabriel Marques Velez |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | COP 4,097,473,000 |
Total Portfolio (USD) | USD 2,251,358.79 |
Active clients with loans | 958 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Federación Antioqueña de ONG-Colombia, Redesarrollo- Republica Dominicana, Fundaciones Empresariales-Colombia, The Resourse Foundation- EEUU |
Funders | PROMOTORA DE EMPLEO DE ANTIOQUIA, FONDO DE GARANTIAS DE ANTIOQUIA, FUPAD, EMBAJADA DE HOLANDA |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microcredito Rural | COP 1,000 - 12,875,000 | 12 - 36 | 20% - 40% | 0% - 20% | Business, Housing, Education, Ampliacion de tierras, Capital de trabajo | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Capacitaciones en Buenas Practicas Administrativas | |||||||
Microempresarios Urbanos | COP 1,000 - 12,875,000 | 12 - 36 | 60% - 80% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microcredito Rural | 19.8% annual, Decl Bal | 1 Fee | 2 Ins | None | N/A | 25.8% - 33.9% | 26.7% - 37.1% | 61 | ||||||||
Microempresarios Urbanos | 24.0% annual, Decl Bal | 1 Fee | 2 Ins | None | N/A | 28.3% - 33.7% | 29.2% - 34.7% | 74 |
Outstanding portfolio (AZN) | AZN 3,887,585 |
Portfolio (USD) | USD 4,984,083.33 |
Active Clients with Loans | 1,728 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | AZN |
Minimum loan size | AZN 1,000 |
Maximum loan size | 16,000 |
Loans less than AZN 1,000 | 15% |
AZN 1,000-5,000 | 80% |
AZN 5,000-8,000 | 5% |
AZN 8,000-11,000 | 0 |
AZN 11,000-14,000 | 0 |
Greater than AZN 14,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
Grace period usage | 10% |
Average grace period | 9.0 months |
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 |
Lowest quoted nominal interest | 34.00% |
Highest quoted nominal interest | 38.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commission Fee |
% of loan amount - min | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
AZN 850 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 195.32 | 40.5% | 35.5% | 5.0% | 0.0% | 0.0% | 0.0% | 84 | - | |
AZN 1,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 232.77 | 41.0% | 36.0% | 5.0% | 0.0% | 0.0% | 0.0% | 83 | - | |
AZN 1,500 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 349.16 | 41.0% | 36.0% | 5.0% | 0.0% | 0.0% | 0.0% | 83 | - | |
AZN 2,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 464.35 | 40.9% | 35.9% | 5.0% | 0.0% | 0.0% | 0.0% | 83 | - | |
AZN 2,400 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 821.33 | 40.0% | 36.5% | 3.5% | 0.0% | 0.0% | 0.0% | 85 | - | |
AZN 2,760 | Generated | 2014-11-01 | 24.0 months | N/A | AZN 1,148.58 | 36.3% | 33.5% | 2.8% | 0.0% | 0.0% | 0.0% | 94 | - |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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