INSOTEC - CrediSimple - 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: 169 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (USD)	USD 2,504,087.79
Portfolio (USD)	USD 2,504,087.79
Active Clients with Loans	2,808
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Este producto promueve el financiamiento del capital de trabajo y activos fijos dentro de las actividades económicas en el area urbana.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Solo para capital de Trabajo
Other (2)	Activo Fijo,Mejora Local

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	10.0 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	24.46%
Highest quoted nominal interest	29.92%
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

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 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

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

CrediSimple samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	USD 400	USD 900	USD 2,000	USD 3,900	USD 6,000
Loan Cycle (1, 2, 3, etc)	3	3	1	3	Not Known
Disbursement Date	2010-06-11	2010-06-10	2010-06-12	2010-06-10	2010-07-24
Loan Term (Months)	6.0 months	10.0 months	10.0 months	14.0 months	16.0 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%	27.2%	26.5%	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)	30.3%	30.4%	29.8%	28.1%	28.1%
Transparency Index	81	80	82	87	87

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

CrediSimple Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	157
AJDFI	13,100	884,000	6	157
ARDCI	44,600	9,403,000	1	157
ASA Philippines	333,400	29,282,000	1	157
ASHI	35,400	5,231,000	6	157
ASKI	60,000	15,247,000	4	157
Bangko Kabayan	8,900	2,373,000	2	157
BSEI	600	73,000	2	157
CBI	8,100	2,010,000	5	157
CCT	70,300	9,504,000	4	157
CEV	35,400	5,111,000	4	157
DSPI	59,300	3,676,000	3	157
ECLOF	5,400	1,836,000	4	157
FCB	12,000	2,392,000	2	157
FMB	2,700	710,000	2	157
GM Bank	23,500	1,553,000	3	157
HSPFI	19,100	1,899,000	2	157
JVOFI	1,300	281,000	1	157
Katipunan Bank	42,100	5,325,000	2	157
KDCI	20,500	2,095,000	3	157
KGI	32,300	3,421,000	4	157
KMBI	245,000	15,098,000	1	157
LTMPC	37,400	8,935,000	3	157
Mallig Plains	6,500	641,000	2	157
MILAMDEC	29,800	3,278,000	2	157
MWIMPC	11,800	1,740,000	4	156
NWTF	105,500	12,698,000	5	157
OFMPC	4,400	964,000	1	157
PBC	50,700	10,434,000	4	157
PCSD	700	167,000	1	157
PMPC	23,500	5,565,000	8	157
RB Angeles	900	1,502,000	2	157
RB Labason	500	289,000	1	157
RBLI	5,200	1,026,000	2	157
RBMI	11,900	1,750,000	2	157
RMB	100	173,000	1	157
RSPI	39,600	2,834,000	4	157
SAFRAGEMC	1,100	229,000	1	157
Salve	10,900	1,191,000	3	157
SEDP	27,000	3,914,000	3	157
TSKI	212,900	25,187,000	2	157
TSPI	264,500	31,290,000	7	157
Valient	1,700	672,000	2	157

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

	X Axis
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