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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 174 months
Description
Grupo organizado de personas los cuales gestionan pequeños prestamos representados por una directiva y se reunen en lugares vincualdos a las parroquias. Actividades: capacitacion, salud y evangelizacion.
Any purpose x Income generation Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education Group meetings x Credit insurance x Workplace visits Business training Other training x Other Capacitacion en valores y formacion humana, Capacitacion en salud y estilos de vida Other (2) Si existe el fallecimiento de una socia durante el ciclo, la deuda es condonada 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 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 50 Maximum loan size 9,200
Shortest loan term 6.0 months Longest loan term 12.0 months Approx average 6.0 months
Daily Weekly Every 2 weeks Every 4 weeks x Monthly Every 2 months Quarterly Every 6 months Every 12 months Single end payment x Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 24.00% Highest quoted nominal interest 24.00% 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? Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited 10.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 2.00% or, Fixed-amount deposited 0 Conditions on access to deposit
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
Si existe el fallecimiento de una socia durante el ciclo, la deuda es condonada sin importar el monto adeudado. / cuando las personas han llegado a ciclos superiores al 5 o 6 el ahorro en el pago ya no es tan obligatorio aunque puede ser minimo 1% del monto original.
Banco Comunal Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Any Loan Purpose PS Ambato Institution EC-032-V01-P01 Product EC Country 2010 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 8,000 10,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 1,400 1,000 700 300 40 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.