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Institution
Data approved: 2010-11-23
Data version: 1
Age of data: 171 months
Key Statistics
| Outstanding portfolio (USD) | USD 1,545,858 |
| Portfolio (USD) | USD 1,545,858 |
| Active Clients with Loans | 1,610 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other | |
Description
Créditos destinados a microempresarios con edades comprendidas entre 18 y 69 años de edad, incluyen emprendimientos
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 100 |
| Maximum loan size | 2,000 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 15.0 months |
| Approx average | 10.0 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 | 26.92% |
| Highest quoted nominal interest | 26.92% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Seguro de Vida | | Seguro de Desgravamen |
| % of loan amount - min | 1.50% | | 0.10% |
| % of loan amount - max | 1.50% | | 0.70% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | No |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
DENTRO DE ESTE GRUPO DE OPERACIONES EL MONTO MINIMO OTORGADO POR CLIENTE PUEDE SER DE usd 1 Y EL MAXIMO DE usd 2
Full Pricing Data
GRUPO SOLIDARIO samples
| Sample 1 | | Sample 2 |
|---|
| Loan Amount | USD 400 | | USD 1,100 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known |
| Disbursement Date | 2010-09-28 | | 2010-09-28 |
| Loan Term (Months) | 12.0 months | | 5.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known |
| True Price by Comp | | | |
| Interest and Fee Component | 27.0% | | 27.4% |
| Insurance Component | 7.9% | | 0.0% |
| Tax Component | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 35.0% | | 27.4% |
| Transparency Index | 77 | | 98 |
| | | | |
| Original Repayment Schedule | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF |
GRUPO SOLIDARIO Price Graphs
