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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 174 months
Description
Crédito destinado a una persona propietaria de una Microempresa, que posee capacidad, solvencia y garantías para trabajar.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education x Group meetings Credit insurance x Workplace visits Business training Other training Other Estos servicios no son pagados por el cliente, asume el costo la Fundación. Other (2) No other services
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 Experiencia en el negocio, mínimo 6 meses. 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 400 Maximum loan size 6,000
Shortest loan term 6.0 months Longest loan term 30.0 months Approx average 14.6 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly x Every 6 months Every 12 months Single end payment Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 20.50% Highest quoted nominal interest 22.50% 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 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 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 que representa el 1% del monto solicitado, el cual es financiado por la Fundación. Y es devuelto a través de un abono a la àºltima cuota de crédito.
Crédito Individual Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose FODEMI Institution EC-024-V01-P03 Product EC Country 2010 Year Range Number 1 Institution Data Version 0 1,000 2,000 3,000 4,000 Loan Size (all) 0% 10% 20% Full APR (int fee ins tax dep) > 400 200 20 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.
