2. Banco Solidario
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Solidario S.A Av. Amazonas 3887 y CoreaQuito, Pichincha28034
Data approved: 2011-11-01
Data version: 1
Age of data: 170 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.banco-solidario.com/
Year established1996
Head of InstitutionMICHEL BURBANO VALENZUELA
Regions active
# Branches37

Total Portfolio (nat'l)USD 289,095,675
Total Portfolio (USD)USD 289,095,675
Active clients with loans134,799
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsAccion Internacional, Red Financiera Rural
FundersBanco Universal S.A Unibanco, Accion, SPC, Northstar Investments Holdings Corporation, Indemnity Advisors Inc

Loan Products » Summary

Microempresa
79,773 Borrowers
USD 221,716,874 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Microempresa USD 1,000 - 20,000 6 - 49.7 40% - 60% 60% - 80% Any Purpose Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microempresa 19.0%-27.0% annual, Decl Bal 0 Fees 1 Ins None N/A 24.2% - 27% 26.2% - 30.5% 66
Institution Price Graph
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  2. FINCA
Please note that the information you are viewing is 121 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 121 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (USD)USD 38,015,232.05
Portfolio (USD)USD 38,015,232.05
Active Clients with Loans8,462
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Available to entrepreneurs engaged in trade, manufacturing or service industries.
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 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 institution8
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50010%
USD 1,500-5,00040%
USD 5,000-10,00040%
USD 10,000-15,0005%
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average18.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months40%
Longer than 18 months30%
Grace Period
Grace period usage10%
Average grace period3.0 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

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationCommission varies with loan amount. 2% applied on loan amount $5000 and above, 3% on less than $5000. 2% commission flat fee is applicable for Nakhchivan only
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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

Full Pricing Data

Express Loan (USD) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
USD 2,550 Generated 2014-10-01 10.0 months 0.0 months USD 408.78 34.3% 29.6% 4.7% 0.0% 0.0% 0.0% 70 - PDF
USD 3,000 Generated 2014-10-01 18.1 months 0.0 months USD 725.16 29.4% 25.2% 4.2% 0.0% 0.0% 0.0% 82 - PDF
USD 3,450 Generated 2014-10-01 10.0 months 0.0 months USD 488.05 30.8% 23.8% 7.0% 0.0% 0.0% 0.0% 78 - PDF
USD 5,100 Generated 2014-10-01 12.1 months 0.0 months USD 911.55 32.1% 28.2% 3.9% 0.0% 0.0% 0.0% 75 - PDF
USD 6,000 Generated 2014-10-01 18.1 months 0.0 months USD 1,635.54 32.9% 28.7% 4.2% 0.0% 0.0% 0.0% 73 - PDF
USD 6,900 Generated 2014-10-01 24.3 months 0.0 months USD 2,632.10 33.9% 30.6% 3.3% 0.0% 0.0% 0.0% 71 - PDF
USD 18,000 Generated 2014-10-01 24.3 months 0.0 months USD 6,908.50 33.8% 31.6% 2.2% 0.0% 0.0% 0.0% 71 - PDF
Express Loan (USD) Price Graphs


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Key Statistics
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# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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