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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 172 months
Key Statistics
| Outstanding portfolio (USD) | USD 3,804,737.29 |
| Portfolio (USD) | USD 3,804,737.29 |
| Active Clients with Loans | 11,146 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | |
Description
El crédito mediante Bancas Comunales, permite acceder a crédito a personas de escasos recursos y de sectores distantes, mismos que no cuentan con bienes que los garanticen en forma individal o grupal.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación. |
| 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 | mín 7 personas y máx 25 personas de un mismo sector. |
| 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 50 |
| Maximum loan size | 4,000 |
Loan Term and Grace Period
| Shortest loan term | 7.0 months |
| Longest loan term | 24.0 months |
| Approx average | 11.2 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 | 20.55% |
| Highest quoted nominal interest | 22.55% |
| Reason(s) why interest rate varies | Loan Size |
| 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
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
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 | Final Pmt |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
El ahorro obligatorio es generado por un Fondo de garantía equivalente al 1% del valor del crédito solicitado por el cliente. El mismo que es financiado por la Fundación y se devuelve mediante un abono a la àºltima cuota del crédito.
Full Pricing Data
Crédito Banca Comunal samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | USD 330 | | USD 550 | | USD 550 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2010-05-19 | | 2010-05-25 | | 2010-05-25 |
| Loan Term (Months) | 7.0 months | | 10.0 months | | 10.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | |
| Interest and Fee Component | 22.3% | | 22.3% | | 22.3% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 4.0% | | 4.1% | | 4.1% |
| Full APR (int fee ins tax dep) | 26.3% | | 26.4% | | 26.4% |
| Transparency Index | 78 | | 78 | | 78 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Crédito Banca Comunal Price Graphs
