FUNDESAN - CREDITOS PARA TODOS IMEBU - MFTransparency.org Truth In Lending Tables

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Institution

FUNDESAN BucaramangaBucaramanga

Data approved: 2011-08-01

Data version: 1

Age of data: 168 months

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Product

CREDITOS PARA TODOS IMEBU Product 2 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (COP)	COP 1,800,000,000
Portfolio (USD)	USD 989,010.99
Active Clients with Loans	1,400
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Generacion de empleo para los sectores productivos a traves de lineas de credito y asistencia tecnica para mipymes de la ciudad de Bucaramanga

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits	x
Business training
Other training
Other
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 300,000
Maximum loan size	7,000,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	36.0 months
Approx average	18.0 months

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

Lowest quoted nominal interest	1.70%
Highest quoted nominal interest	1.70%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	TrÃ¡mite Mipyme
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1	Ins 2
Description	Fondo Garantia de Beneficiario	SEGURO DE CREDITO SE COBRA $ 5,000 PORMILLON POR AÃO
% of loan amount - min	0	0.50%
% of loan amount - max	0	0.50%
OR, Fixed amount - min	8,000	0
Fixed amount - max	30,000	0
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Insurance Fees

	Ins 1
Description	Seguros y Fondo de Solidaridad
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	1,000
Fixed amount - max	3,000
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

Are taxes charged on this product?

Full Pricing Data

CREDITOS PARA TODOS IMEBU samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 1,600,000	COP 3,500,000	COP 5,800,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-05-13	2011-05-13	2011-06-01
Loan Term (Months)	12.0 months	30.0 months	30.0 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	23.8%	20.5%	20.5%
Insurance Component	3.2%	2.0%	1.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	27.0%	22.6%	21.8%
Transparency Index	76	90	94

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

CREDITOS PARA TODOS IMEBU Price Graphs

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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

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Total Borrrowers of Samples


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