2. INSOTEC
Please note that the information you are viewing is 174 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 174 months

Product

Emergente Product 3 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (USD)USD 26,695.01
Portfolio (USD)USD 26,695.01
Active Clients with Loans58
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
El objetivo del producto es satisfacer las necesidades de financiamiento de los clientes, con los periodos considerados como de mayor demanda, cuando represente una oportunidad para el negocio o cuando la situación lo amerite.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherUsar solo para capital de trabajo
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size1,800
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term5.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.46%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesDepende del sector donde estan ubicados los clientes que se determinan por nivel de pobreza de acuerdo a como lo establece el Sistema Nacional de Microfinanzas.\r\rTipo A los más pobres\rTipo B intermedios\rTipo C menos pobres
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
Fee 1
DescriptionSeguro de desgravamen, Seguro de vida
% of loan amount - min1.90%
% of loan amount - max1.90%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/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 forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Emergente samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 400USD 450USD 1,000USD 1,000
Loan Cycle (1, 2, 3, etc)2254
Disbursement Date2010-06-092010-06-302010-06-082010-06-03
Loan Term (Months)3.0 months4.0 months5.0 months4.0 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 Component27.2%27.3%27.3%27.3%
Insurance Component2.8%2.7%3.0%2.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.0%30.0%30.3%30.2%
Transparency Index81828181
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Emergente Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeINSOTECInstitutionEC-031-V01-P03ProductECCountry2010YearRange Number1Institution Data Version02004006008001,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 20102Number 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.
Click to view Price Analysis Tool
Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,0002161
Ahantaman RB23,8009,896,0004143
APED13,7001,876,0002143
ASA Initiative4,400577,0004143
ASA-Ghana71,60018,385,0002143
ASPI80088,0006143
Atwima Kwanwoma3,8001,788,0002143
Baobab5,100967,0002143
BestFUND13,0004,172,0003143
Bonzali Rural10,4001,691,0004161
CashPhase83135,0002143
CASUD1,100524,0001143
CEDEF50054,0004143
CFF10013,0001143
CRAN3,6001,019,0002143
DQF1,70063,0002143
EASL9,20011,409,0006143
East Mamprusi12,5002,268,0004143
ELDA000143
EMPRETEC Ghana20056,0002143
FASL13,50014,047,0008143
Grameen Ghana9,500507,0003143
ID-Ghana5,600953,0003143
Innovative Finance2,700354,0003143
Kraban Support7,700781,0005161
KRB4,0006,350,0003143
Lower Pra RB34,0006,316,0003161
Maata-N-Tudu12,000941,0004143
Mail Finance300288,0001143
Markaz000143
Markaz Al Bishara10017,0001143
MicrofinPlus Gh1,100251,0002143
Nwabiagya RB4,0002,265,0003143
OISL62,00027,232,0009143
Pro Credit000143
Rich Step100101,0001143
SAT147,60029,359,0004143
Sekam Trust600137,0002143
Simli Pong8,900463,0003161
SS Ghana20035,0001143
TCCU10032,0003143
The Bridge40032,0003161
Union RB3,8002,361,0004143
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
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

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞