FUNDESAN - Créditos superiores - 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

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 613,600,000
Portfolio (USD)	USD 337,142.86
Active Clients with Loans	100
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

APOYAR LA CREACION DE EMPRESAS EN EL MUNICIPIO DE BUCAAMANGA A TRAVES DE LA FINANCIACION DE LOS PLANES DE NEGOCIO

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
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 3,000,000
Maximum loan size	20,000,000

Loan Term and Grace Period

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

Grace Period

Grace period usage	70%
Average grace period	6.0 months

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	1.50%
Highest quoted nominal interest	1.50%
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	2.50%
% of loan amount - max	2.50%
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	0,5 del monto del credito PARA FONDO DE PROTECCION DE CARTERA	Fondo de Garantia
% of loan amount - min	0.50%	0
% of loan amount - max	0.50%	0
OR, Fixed amount - min	0	18,000
Fixed amount - max	0	75,000
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	6,000
Reason for variation	N/A
Appears on Repayment Sched?	No

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

Créditos superiores samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 3,700,000	COP 15,000,000	COP 15,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-05-06	2011-05-23	2011-03-04
Loan Term (Months)	36.0 months	43.0 months	48.0 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	19.6%	19.1%	19.3%
Insurance Component	1.6%	1.2%	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)	21.2%	20.2%	20.5%
Transparency Index	85	89	88

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

Créditos superiores 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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