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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 174 months
Description
Es todo crédito no superior a $20.000 concedido a un prestatario con un nivel de ventas inferior a $ 100.000, destinado a financiar actividades en pequeña escala, de producción, comercialización o servicios.
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 Must be a salaried worker Must be specific age group Other Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency USD Minimum loan size USD 300 Maximum loan size 20,000
Shortest loan term 12.0 months Longest loan term 36.0 months Approx average 18.0 months
Daily x Weekly x 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 20.05% Highest quoted nominal interest 21.00% Reason(s) why interest rate varies Loan Size, Regulación de Organos de Control 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 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
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited 33.33% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited 0 Conditions on access to deposit Access During
Interest Paid on Deposit
Minimum interest rate paid 0.50% Maximum interest rate paid 0.99% Interest payment frequency Monthly
Taxes
Are taxes charged on this product? No
Additional Comments
Nuestra Institucion tiene depositos en garantia y no encaje, es decir, como es un deposito en garantia del credito, los socios lo pueden utilizar desde la primera cuota del credito o en la cuota que ellos la requirieran o retirar su excedente en relacion al saldo adeudado.
Microcrédito Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Bank Institution Type Business Loan Purpose COAC Nacional Institution EC-019-V01-P02 Product EC Country 2010 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 8,000 10,000 12,000 Loan Size (all) 0% 5% 10% 15% 20% 25% Full APR (int fee ins tax dep) > 5,000 3,800 2,500 1,200 100 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
