2. Interactuar
Please note that the information you are viewing is 165 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. GOF
Please note that the information you are viewing is 169 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 165 months

Institution

Growing Opportunity Finance (India) Pvt. Ltd. No.12, Ramasamy Street, I FloorT. NagarChennai, Tamil Nadu600017
Data approved: 2011-01-01
Data version: 1
Age of data: 169 months

Product

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Product

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Product Summary

Number borrowers862
Loan Amount (range)COP 12,800,001 - 40,000,000
Loan Term (range)4 - 48
Other Services (text summary)
Annual Interest & Method29.0%-31.6% annual, Decl Bal
Fees50,000.00 upfront 2,300.00 ongoing
Insurance30.00% upfront 1.00% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component30.9% - 32.5% (Int+Fee)
Insurance Component0.5% - 2.5%
Tax Component Range0
Full APR (int fee ins tax dep)32.8% - 34.7%
Transparency Index (min/max)70 - 92
Transparency Index (average)86

Product Summary

31,539
INR 3,000 - 25,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health / Social Issue Training
12.0%-15.5% annual, Flat
2.00% upfront
70.00 upfront
None
N/A
 
N/A
29.2% - 42.3% (Int+Fee)
0
0
29.2% - 42.3%
28 - 53
33

Product Details

Key Statistics
Outstanding portfolio (COP)COP 15,699,895,598
Portfolio (USD)USD 8,626,316.26
Active Clients with Loans862
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
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 generationx
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 servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 155,627,000
Portfolio (USD)USD 2,936,358.49
Active Clients with Loans31,539
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
OtherIndividuals run business with no formal bank linkages; has characteristics of both solidarity groups and self-help groups.
Description
This is a group loan designed for groups of 12-20 women to finance micro-businesses in urban areas.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherHealth / Social Issue Training
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 12,800,001
Maximum loan size40,000,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term48.0 months
Approx average33.0 months
Grace Period
Grace period usage10%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 3,000
Maximum loan size25,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.42%
Highest quoted nominal interest2.63%
Reason(s) why interest rate variesDTF
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionEstudio de Credito
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min50,000
Fixed amount - max50,000
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionCosto del recaudo
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min2,300
Fixed amount - max2,300
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionSEGURO DE VIDA
% of loan amount - min30.00%
% of loan amount - max30.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO PATRIMONIAL AIG
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest1.00%
Highest quoted nominal interest1.29%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min70
Fixed amount - max70
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Full Pricing Data

Créditos superiores samples
Sample 1Sample 2
Loan AmountCOP 15,000,000COP 30,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2011-05-022011-04-28
Loan Term (Months)36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component30.9%32.5%
Insurance Component2.0%2.1%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)32.8%34.7%
Transparency Index8884
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Urban Trust Bank samples
Sample 1Sample 2Sample 3
Loan AmountINR 5,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)123
Disbursement Date2010-05-282010-05-212010-05-12
Loan Term (Months)5.6 months9.3 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component42.3%38.2%29.2%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)42.3%38.2%29.2%
MFIN MFI Earning (Annualised)42.3%38.2%29.2%
MFIN Cost to Borrower (Annualised)42.3%38.2%29.2%
Transparency Index283141
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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% Products with one or more insurances
% Products with compulsory deposits
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