2. FODEMI
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

Fondo de Desarrollo Microempresarial FODEMI Jaime Rivadeneira 6-88 y Mariano AcostaIbarra, Imbabura10-01-225
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Product

Crédito Grupo Solidario Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (USD)USD 7,419,168.45
Portfolio (USD)USD 7,419,168.45
Active Clients with Loans15,616
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Permite acceder a crédito a personas que no poseen garantías reales y/o personales a través de un grupo solidario que se garantizan entre ellos.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherEstos servicios no son pagados por el cliente, los costos son asumidos ÂŽpor la Fundación.
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherExperiencia en el negocio, mínimo de 6 meses.
Other (2)mín de 3 y máximo 6 personas. Que vivan cerca.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term30.0 months
Approx average11.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.50%
Highest quoted nominal interest22.50%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
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
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Crédito Grupo Solidario samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 330USD 1,100USD 2,090USD 3,850
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-05-212010-06-092010-05-062010-06-14
Loan Term (Months)6.0 months12.0 months12.0 months20.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component22.5%22.5%22.4%20.5%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component4.0%4.2%4.1%3.8%
Full APR (int fee ins tax dep)26.5%26.7%26.6%24.2%
Transparency Index77777785
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Crédito Grupo Solidario Price Graphs


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  2. Action
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

Action Now Kenya P.O. Box 8576Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 141 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.ank.or.ke
Year established2001
Head of InstitutionIrene Kamau
Regions activeNairobi, Rift Valley
# Branches3

Total Portfolio (nat'l)KES 4,973,979
Total Portfolio (USD)USD 60,072.21
Active clients with loans127
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Individual
Retired Product
This institution does not currently offer microloans, reported to MFTransparency on 2013-06-25
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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