Banco Solidario S.A - MFTransparency.org Truth In Lending Tables

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

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Institution Details

Institution Type	Bank
Is this institution regulated?	Yes
Website address	http://www.banco-solidario.com/
Year established	1996
Head of Institution	MICHEL BURBANO VALENZUELA
Regions active
# Branches	37

Total Portfolio (nat'l)	USD 289,095,675
Total Portfolio (USD)	USD 289,095,675
Active clients with loans	134,799
Approximate % female clients	60% - 80%
Approximate % urban clients	60% - 80%
Network affiliations	Accion Internacional, Red Financiera Rural
Funders	Banco 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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Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi

Data approved: 2013-09-23

Data version: 2

Age of data: 141 months

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Product

Farm Input Loan Product 8 of 10 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 1,300,738,495
Portfolio (USD)	USD 15,709,402.11
Active Clients with Loans	34,018
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Kilimo Kwa Maendeleo. This is a short-term lending to farmers to assist them in meeting various needs including farm machinery, tools and any other farm or social development needs. Repayments can be negotiated to match the seasonality of proceeds

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Purchase of farm inputs
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
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Must be in small scale or commercial farming
Other (2)	Active Equity Bank account

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	8
# Regions for this product	8
Regions Active	Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 1,000
Maximum loan size	100,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	70%
KES 50,000-150,000	30%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	15%
Between 10 and 12 months	80%
Between 13 and 18 months	0
Longer than 18 months	0

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	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.58%
Highest quoted nominal interest	1.58%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	LACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min	3.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	5% for 1st cycle, 3% for multiple cycle loans
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Annual Insurance Fee
% of loan amount - min	0.63%
% of loan amount - max	0.63%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	0.625% per annum.
Appears on Repayment Sched?	No

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?

Full Pricing Data

Farm Input Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	KES 9,999.92	KES 19,999.98	KES 48,000	KES 99,999.92
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-05-04	2013-05-03	2013-05-03	2013-06-20
Loan Term (Months)	12.0 months	5.7 months	5.5 months	12.0 months
Grace Period (Months)	-0.3 months	-0.4 months	-0.6 months	-0.3 months
Total Cost of Credit	KES 2,214.96	KES 2,487.74	KES 5,844	KES 22,097.18
True Price by Comp
Interest price component	33.8%	19.1%	18.6%	34.0%
Fee Component	6.3%	6.9%	7.0%	6.3%
Insurance Component	1.4%	1.5%	1.5%	1.3%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	41.5%	27.5%	27.1%	41.6%
Transparency Index	46	69	70	46

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

Farm Input Loan Price Graphs

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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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Farm Input Loan samples

Farm Input Loan Price Graphs

Total Borrowers of Samples

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