Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.interactuar.org.co/ |
Year established | 1983 |
Head of Institution | Rafael Arango Fonnegra |
Regions active | |
# Branches | 12 |
Total Portfolio (nat'l) | COP 175,100,000,000 |
Total Portfolio (USD) | USD 96,208,655.71 |
Active clients with loans | 30,270 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Asomicrofinanzas |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MICROEMPRESARIALES EN EL MUNICIPIO DE PIEDECUESTA | COP 12,800,001 - 40,000,000 | 4 - 48 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | ||||||||
Microcrédito | COP 300,000 - 12,800,000 | 4 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | ||||||||
Créditos superiores | COP 12,800,001 - 40,000,000 | 4 - 48 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business, Have home or land | ||||||||
Servicios Desarrollo Empresarial | COP 100,000 - 700,000 | 2 - 12 | 40% - 60% | 60% - 80% | Business, Education | Women, Men, Ninguno | Credit Educ, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MICROEMPRESARIALES EN EL MUNICIPIO DE PIEDECUESTA | 21.0%-27.0% annual, Decl Bal | 2 Fees | 3 Ins | None | N/A | 27.1% - 27.5% | 27.8% - 29.9% | 73 | ||||||||
Microcrédito | 29.0%-31.6% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 36.6% - 36.9% | 37.8% - 39.3% | 75 | ||||||||
Créditos superiores | 29.0%-31.6% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 30.9% - 32.5% | 32.8% - 34.7% | 86 | ||||||||
Servicios Desarrollo Empresarial | 21.0%-27.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.4% - 22.6% | 22.9% - 23.2% | 91 |
Outstanding portfolio (GHS) | GHS 279,665 |
Portfolio (USD) | USD 141,961.93 |
Active Clients with Loans | 2,376 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0 |
Individual | |
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 | x |
Other | Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. |
Other (2) | |
No other services |
Men | |
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) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | GHS 500 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 9.0 months |
Approx average | dk |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 3.0 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 |
Lowest quoted nominal interest | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 200 | GHS 200 | GHS 300 | ||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 1 | ||
Disbursement Date | 2013-03-09 | 2013-03-09 | 2012-08-14 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 9.0 months | ||
Grace Period (Months) | 3.1 months | 3.1 months | 3.1 months | ||
Total Cost of Credit | GHS 36 | GHS 36 | GHS 81 | ||
True Price by Comp | |||||
Interest price component | 39.6% | 39.6% | 44.5% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 39.6% | 39.6% | 44.5% | ||
Transparency Index | 91 | 91 | 81 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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