Interactuar - Créditos superiores - MFTransparency.org Truth In Lending Tables

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Institution

Interactuar Cra 45 # 26-175 Bello AntioquiaCra 49 # 44-94 Medellín AntioquiaMedellín, Antioquia

Data approved: 2011-08-01

Data version: 1

Age of data: 166 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 15,699,895,598
Portfolio (USD)	USD 8,626,316.26
Active Clients with Loans	862
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Crédito productivo para capital de trabajo o activos fijos para empresas que en su consolidado de endeudamiento con la banca supere los $ 60 millones de pesos en moneda local

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services	x

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
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 12,800,001
Maximum loan size	40,000,000

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	48.0 months
Approx average	33.0 months

Grace Period

Grace period usage	10%
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	2.42%
Highest quoted nominal interest	2.63%
Reason(s) why interest rate varies	DTF
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	Estudio de Credito
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	50,000
Fixed amount - max	50,000
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Fees

	Fee 1
Description	Costo del recaudo
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	2,300
Fixed amount - max	2,300
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

	Ins 1
Description	SEGURO DE VIDA
% of loan amount - min	30.00%
% of loan amount - max	30.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

	Ins 1
Description	SEGURO PATRIMONIAL AIG
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
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

Créditos superiores samples

	Sample 1	Sample 2
Loan Amount	COP 15,000,000	COP 30,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known
Disbursement Date	2011-05-02	2011-04-28
Loan Term (Months)	36.0 months	36.0 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	30.9%	32.5%
Insurance Component	2.0%	2.1%
Tax Component	0.0%	0.0%
Deposit Component	0.0%	0.0%
Full APR (int fee ins tax dep)	32.8%	34.7%
Transparency Index	88	84

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

Créditos superiores Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACLEDA	235,200	215,086,000	6	167
AMK	288,200	63,784,000	16	139
AMRET	299,500	149,542,000	8	139
Chamroeun	48,100	7,480,000	4	119
Farmer Finance	200	407,000	1	139
First Finance	500	5,819,000	1	139
HKL	73,400	93,842,000	3	139
KREDIT	61,800	59,319,000	9	139
Maxima	2,900	3,179,000	3	139
PRASAC	138,500	251,931,000	9	139
Seilanithih	15,200	7,516,000	5	139
SPN	35,100	29,828,000	6	139
TPC	120,000	45,931,000	13	139
VF Cambodia	148,600	48,984,000	18	139

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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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By Inst Type


By Country

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