Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.meda.org.co/ |
Year established | 2007 |
Head of Institution | Alberto Valencia Ramirez |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | COP 36,852,552,295 |
Total Portfolio (USD) | USD 20,248,655.11 |
Active clients with loans | 15,941 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Solidarios, Emprender, Mixmarket, Asomicrofinanzas |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microcredito Empresarial | COP 300,000 - 51,500,000 | 1 - 36 | 40% - 60% | 40% - 60% | Business, Eexcluisivamente para inversiones en su negocio | Women, Men, Have business | Credit Ins, Tech Asst Visits | |||||||
Vivienda | COP 1,606,800 - 21,424,000 | 12 - 180 | 40% - 60% | 80% - 100% | Housing | Women, Men, Salaried worker, Tener ahorro programado 10% valor de la vivienda- con esto of property |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microcredito Empresarial | 33.6% annual, Flat | 1 Fee | 1 Ins | None | N/A | 31.3% - 33.7% | 31.9% - 34.4% | 100 | ||||||||
Vivienda | 14.0% annual, Flat | 0 Fees | 2 Ins | None | N/A | 15.1% - 15.3% | 17.4% - 18.1% | 79 |
Outstanding portfolio (KHR) | KHR 11,295,244,500 |
Portfolio (USD) | USD 2,859,555.57 |
Active Clients with Loans | 5,675 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 13 |
# Regions for this product | 13 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Speu, Kampot, KandalKratié, Oddar Meancheay, Phnom Penh, Prey VengSiem Reap, Svay Rieng, Takéo |
Currency | KHR |
Minimum loan size | KHR 800,000 |
Maximum loan size | 20,000,000 |
Loans less than KHR 1,000,000 | 10% |
KHR 1,000,000-3,500,000 | 50% |
KHR 3,500,000-6,000,000 | 30% |
KHR 6,000,000-8,000,000 | 5% |
KHR 8,000,000-10,000,000 | 5% |
Greater than KHR 10,000,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 40% |
Longer than 18 months | 0 |
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 | 2.50% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Credit Bureau Cambodia - CBC Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 800 |
Fixed amount - max | 12,000 |
Reason for variation | Charge 800 KHR for loan size <= 2,000,000 KHR or equivalent, and charge 12,000 KHR for loan over 2,000,000 KHR |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KHR 1,200,000 | KHR 2,500,000 | KHR 5,000,000 | KHR 7,000,000 | KHR 10,000,000 | KHR 12,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-19 | 2013-02-26 | 2013-01-16 | 2013-01-25 | 2013-02-11 | 2013-01-17 | |||||
Loan Term (Months) | 13.0 months | 17.0 months | 18.0 months | 24.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.4 months | 0.6 months | 0.0 months | -0.1 months | -0.3 months | 0.0 months | |||||
Total Cost of Credit | KHR 245,500 | KHR 680,700 | KHR 1,443,000 | KHR 2,328,100 | KHR 3,306,500 | KHR 3,796,800 | |||||
True Price by Comp | |||||||||||
Interest price component | 34.8% | 34.8% | 36.0% | 31.9% | 31.8% | 30.1% | |||||
Fee Component | 0.1% | 0.7% | 0.4% | 0.2% | 0.2% | 0.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 34.9% | 35.5% | 36.4% | 32.1% | 32.0% | 30.2% | |||||
Transparency Index | 86 | 84 | 83 | 94 | 94 | 99 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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