Number borrowers | 28,169 |
Loan Amount (range) | COP 300,000 - 12,800,000 |
Loan Term (range) | 4 - 24 |
Other Services (text summary) | |
Annual Interest & Method | 29.0%-31.6% annual, Decl Bal |
Fees | 8.00% upfront 13.00% ongoing |
Insurance | 3.00% upfront 0.62% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 36.6% - 36.9% (Int+Fee) |
Insurance Component | 0.5% - 2.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 37.8% - 39.3% |
Transparency Index (min/max) | 70 - 92 |
Transparency Index (average) | 75 |
3,354 |
ETB 3,000 - 5,000 |
10 - 24 |
Credit Educ, Group Mtgs |
17.5% annual, Flat |
2.50% upfront |
2.00% upfront |
None |
15.0% upfront |
N/A |
38.7% (Int+Fee) |
2.3% - 7.6% |
0 |
56.2% |
20 - 69 |
31 |
Outstanding portfolio (COP) | COP 54,541,962,404 |
Portfolio (USD) | USD 29,968,111.21 |
Active Clients with Loans | 28,169 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (ETB) | ETB 4,818,433 |
Portfolio (USD) | USD 261,871.36 |
Active Clients with Loans | 3,354 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 300,000 |
Maximum loan size | 12,800,000 |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 21.0 months |
Grace period usage | 10% |
Average grace period | 6.0 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 |
Currency | ETB |
Minimum loan size | ETB 3,000 |
Maximum loan size | 5,000 |
Shortest loan term | 10.0 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 | 2.42% |
Highest quoted nominal interest | 2.63% |
Reason(s) why interest rate varies | Por las variaciones del DTF que fondean la operación |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Ley Mipyme Evaluacio del credito |
% of loan amount - min | 8.00% |
% of loan amount - max | 8.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Ley Mipyme Administracio del credito comisio * Monto credito y se cobra en cada cuota |
% of loan amount - min | 13.00% |
% of loan amount - max | 13.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Vida +0,0003*monto*plazo anticipado al momento del desembolso |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro Patrimonial AIG $ 618*millo asegurado y se cobra en cada cuota |
% of loan amount - min | 0.62% |
% of loan amount - max | 0.62% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 |
Lowest quoted nominal interest | 17.50% |
Highest quoted nominal interest | 17.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% 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 |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 15.00% - N/A |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | COP 3,500,000 | COP 7,448,218 | COP 13,000,000 | COP 15,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-05-02 | 2011-05-03 | 2011-05-06 | 2011-05-03 | |||
Loan Term (Months) | 24.0 months | 36.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 36.8% | 36.9% | 36.7% | 36.6% | |||
Insurance Component | 2.5% | 0.9% | 2.2% | 2.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 39.3% | 37.8% | 38.8% | 39.0% | |||
Transparency Index | 74 | 77 | 75 | 74 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | ETB 4,000 | ETB 5,000 | ETB 5,000 | ||
Loan Cycle (1, 2, 3, etc) | 8 | 5 | 12 | ||
Disbursement Date | 2012-01-18 | 2012-01-18 | 2012-01-18 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 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 | 38.7% | 38.7% | 38.7% | ||
Insurance Component | 4.2% | 4.2% | 4.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 13.3% | 13.3% | 13.3% | ||
Full APR (int fee ins tax dep) | 56.2% | 56.2% | 56.2% | ||
Transparency Index | 31 | 31 | 31 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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