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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 171 months
Key Statistics
| Outstanding portfolio (USD) | USD 600,000 |
| Portfolio (USD) | USD 600,000 |
| Active Clients with Loans | 950 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
crédito otorgado hasta un monto maximo de $1.500 destino al segmento de microcredito minorista, para usos diversos del negocio familiar
Loan Purpose
| Any purpose | x |
| Income generation | |
| 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) | |
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 350 |
| Maximum loan size | 1,500 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 8.0 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 | 22.50% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
| 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 feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 | | Ins 2 |
|---|
| Description | seguro de desgravamen | | seguro de desgravamen |
| % of loan amount - min | 3.00% | | 3.00% |
| % of loan amount - max | 3.00% | | 3.00% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | Yes | | Yes |
Compulsory Deposit
| 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 | 10.00% |
| 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 | 1.25% |
| Maximum interest rate paid | 1.25% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
la relacion encaje - prestamo siempre debe ser el 1%
Full Pricing Data
Oportuno samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | USD 350 | | USD 400 | | USD 900 | | USD 1,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 3 | | 16 | | 1 |
| Disbursement Date | 2010-07-27 | | 2010-08-19 | | 2010-08-03 | | 2010-08-22 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 1.0 month | | 12.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 24.7% | | 24.4% | | 24.3% | | 24.6% |
| Insurance Component | 0.3% | | 0.3% | | 0.3% | | 0.3% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 2.7% | | 2.7% | | 2.6% | | 2.6% |
| Full APR (int fee ins tax dep) | 27.6% | | 27.4% | | 27.2% | | 27.5% |
| Transparency Index | 81 | | 82 | | 83 | | 82 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
