BANCO D-MIRO S.A. - Microcrédito Individual - MFTransparency.org Truth In Lending Tables

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Institution

BANCO D-MIRO S.A. Cooperativa Americo Vespucio II Manzana A Solar 8Guayaquil, GuayasN/A

Data approved: 2011-06-27

Data version: 1

Age of data: 165 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (USD)	USD 21,578,604.36
Portfolio (USD)	USD 21,578,604.36
Active Clients with Loans	30,054
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Es todo crédito concedido a un prestatario, destinado a financiar actividades de pequeña escala de producción, comercialización o servicios.

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	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# 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	USD
Minimum loan size	USD 400
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	10.0 months
Longest loan term	36.0 months
Approx average	11.0 months

Grace Period

Grace period usage	0
Average grace period	0

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	22.93%
Highest quoted nominal interest	26.92%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

	Fee 1
Description	Servicio de proteccio familiar en caso de fallecimiento del titular o conyuge, incapacidad total y permanente
% of loan amount - min	0.60%
% of loan amount - max	0.60%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

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?

Additional Comments

La tasa que cobramos por el servicio de protección familiar es de .595% mensual sobre el monto original del préstamo

Full Pricing Data

Microcrédito Individual samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	USD 350	USD 7,000	USD 950	USD 7,992	USD 1,900	USD 3,900
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-10-19	2010-10-15	2010-10-30	2010-10-25	2010-10-25	2010-10-27
Loan Term (Months)	5.0 months	24.0 months	12.0 months	12.0 months	18.0 months	18.0 months
Grace Period (Months)	0.0 months	0.0 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	Not Known	Not Known
True Price by Comp
Interest and Fee Component	27.2%	24.9%	27.3%	24.9%	27.3%	24.9%
Insurance Component	10.8%	12.8%	12.3%	12.6%	12.4%	12.7%
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)	38.1%	37.6%	39.6%	37.5%	39.7%	37.6%
Transparency Index	60	61	58	61	58	61

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Microcrédito Individual Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	159
Ahantaman RB	23,800	9,896,000	4	141
APED	13,700	1,876,000	2	141
ASA Initiative	4,400	577,000	4	141
ASA-Ghana	71,600	18,385,000	2	141
ASPI	800	88,000	6	141
Atwima Kwanwoma	3,800	1,788,000	2	141
Baobab	5,100	967,000	2	141
BestFUND	13,000	4,172,000	3	141
Bonzali Rural	10,400	1,691,000	4	159
CashPhase	83	135,000	2	141
CASUD	1,100	524,000	1	141
CEDEF	500	54,000	4	141
CFF	100	13,000	1	141
CRAN	3,600	1,019,000	2	141
DQF	1,700	63,000	2	141
EASL	9,200	11,409,000	6	141
East Mamprusi	12,500	2,268,000	4	141
ELDA	0	0	0	141
EMPRETEC Ghana	200	56,000	2	141
FASL	13,500	14,047,000	8	141
Grameen Ghana	9,500	507,000	3	141
ID-Ghana	5,600	953,000	3	141
Innovative Finance	2,700	354,000	3	141
Kraban Support	7,700	781,000	5	159
KRB	4,000	6,350,000	3	141
Lower Pra RB	34,000	6,316,000	3	159
Maata-N-Tudu	12,000	941,000	4	141
Mail Finance	300	288,000	1	141
Markaz	0	0	0	141
Markaz Al Bishara	100	17,000	1	141
MicrofinPlus Gh	1,100	251,000	2	141
Nwabiagya RB	4,000	2,265,000	3	141
OISL	62,000	27,232,000	9	141
Pro Credit	0	0	0	141
Rich Step	100	101,000	1	141
SAT	147,600	29,359,000	4	141
Sekam Trust	600	137,000	2	141
Simli Pong	8,900	463,000	3	159
SS Ghana	200	35,000	1	141
TCCU	100	32,000	3	141
The Bridge	400	32,000	3	159
Union RB	3,800	2,361,000	4	141

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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Total Borrrowers of Samples


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By Country

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