| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1994 |
| Head of Institution | Fredy Yugcha Toala |
| Regions active | |
| # Branches | 3 |
| Total Portfolio (nat'l) | USD 8,513,791 |
| Total Portfolio (USD) | USD 8,513,791 |
| Active clients with loans | 3,278 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumo | USD 100 - 30,000 | 6 - 36 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | ||||||||
| Credi Grupo | USD 200 - 800 | 6 - 10 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men | ||||||||
| Microcrédito Avanzar | USD 3,001 - 10,000 | 6 - 36 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | ||||||||
| Microcrédito Fácil | USD 100 - 5,000 | 1 | 40% - 60% | 80% - 100% | Business, Other | Women, Men, Have business | ||||||||
| Microcrédito Nacer | USD 100 - 3,000 | 6 - 18 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consumo | 14.4% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 14% - 14.6% | 15.3% - 16.1% | 91 | ||||||||
| Credi Grupo | 23.2% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.00% ongoing | 23.6% | 26.2% | 89 | ||||||||
| Microcrédito Avanzar | 19.6% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 19.6% - 20.4% | 20.9% - 21.8% | 92 | ||||||||
| Microcrédito Fácil | 20.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.3% | 20.3% | 99 | ||||||||
| Microcrédito Nacer | 20.9% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 21.1% - 21.2% | 22.7% - 23.1% | 91 |
| Outstanding portfolio (BOB) | BOB 17,848,094.55 |
| Portfolio (USD) | USD 2,605,561.25 |
| Active Clients with Loans | 8,048 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Capacitación en componentes de prevención de salud |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Pueden acceder hombres hasta un 10% del total del portafolio de clientes |
| Other (2) | El crédito servirá para iniciar un emprendimiento. |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 160 |
| Maximum loan size | 2,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Comisio por Desembolso |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | BOB 1,010.10 |
| Loan Cycle (1, 2, 3, etc) | 2 |
| Disbursement Date | 2010-04-06 |
| Loan Term (Months) | 5.1 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 51.0% |
| Insurance Component | 0 |
| Tax Component | 0 |
| Deposit Component | 8.8% |
| Full APR (int fee ins tax dep) | 59.9% |
| Transparency Index | 40 |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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