INSOTEC - CrediAgro - MFTransparency.org Truth In Lending Tables

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Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha

Data approved: 2010-11-08

Data version: 1

Age of data: 170 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (USD)	USD 3,443,769.36
Portfolio (USD)	USD 3,443,769.36
Active Clients with Loans	3,966
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Promueve el financiamiento de capital de trabajo y activos fijos, principalmente dentro de las actividades agropecuarias.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Mejora Local
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)

# Borrowers by Product

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 300
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	30.0 months
Approx average	10.6 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
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	22.28%
Highest quoted nominal interest	26.92%
Reason(s) why interest rate varies	Branch, Client Risk
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

	Fee 1
Description	Seguro de Desgravamen , Seguro de Vida
% of loan amount - min	1.90%
% of loan amount - max	1.90%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing 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

Are taxes charged on this product?

Full Pricing Data

CrediAgro samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	USD 400	USD 950	USD 1,900	USD 4,000	USD 6,700
Loan Cycle (1, 2, 3, etc)	1	3	3	3	Not Known
Disbursement Date	2010-07-10	2010-06-18	2010-06-08	2010-07-12	2010-07-09
Loan Term (Months)	6.0 months	10.0 months	14.0 months	18.0 months	12.0 months
Grace Period (Months)	0.0 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	Not Known
True Price by Comp
Interest and Fee Component	27.3%	27.3%	27.3%	24.8%	24.8%
Insurance Component	3.1%	3.2%	3.2%	3.2%	3.2%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	30.4%	30.5%	30.5%	28.0%	28.1%
Transparency Index	73	73	73	79	79

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

CrediAgro Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	141
Adok Timo	4,200	570,000	4	172
BIMAS	11,100	4,679,000	7	141
ECLOF Kenya	20,500	5,455,000	8	141
Equity Bank	135,500	94,746,000	9	141
Family Bank	43,200	90,700,000	5	172
Jamii Bora	2,400	3,374,000	4	141
Juhudi Kilimo	10,400	4,436,000	2	141
KADET	12,900	5,402,000	4	141
K-Rep	0	0	0	141
K-Rep Bank	65,000	28,743,000	4	172
KWFT DTM	294,600	165,982,000	6	141
LKL	13,100	9,311,000	10	133
MKL	18,200	5,989,000	6	117
Opportunity Kenya	9,100	4,866,000	5	141
PAWDEP	40,900	7,133,000	2	141
RAFODE	2,900	356,000	1	141
SISDO	7,300	3,657,000	11	141
Yehu	14,000	3,149,000	11	141

Key Statistics
# Samples:
# 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

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