2. Trident
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  2. Fomentamos
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Trident Microfin Limited DNO:11-8-15,MIG-33,SHREE SAI ARCADE,1ST & 2ND FLOORS,SAROORNAGAR,HYDERABAD, ANDHRA PRADESH500035
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution

Corporación Fomentamos Calle 53 No 42-52Medellín
Data approved: 2011-03-15
Data version: 1
Age of data: 170 months

Product

Individual Micro Enterprise Loans Product 5 of 6 « Prev | Next »

Product

CS CON RECURSOS PROPIOS Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers70
Loan Amount (range)INR 16,000 - 100,000
Loan Term (range)18 - 36
Other Services (text summary)Credit Educ, Credit Ins, Other Training
Annual Interest & Method15.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component
Fee Component
Insurance Component
Tax Component Range
Full APR (int fee ins tax dep)0
Transparency Index (min/max)
Transparency Index (average)N/A

Product Summary

918
COP 50,000 - 1,000,000
3 - 4
29.5% annual, Decl Bal
1.88%-7.50% upfront
1.30% upfront
None
N/A
 
N/A
44.0% - 50.4% (Int+Fee)
12.7%
0
56.8% - 63.2%
47 - 52
48

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,740,383
Portfolio (USD)USD 38,675.18
Active Clients with Loans70
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microenterprise loans are serviced through both JLG and individual loan model for the development of their micro-enterprises. This product is targeted at owners of small business who wish to expand their business establishment\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherEvery client undergoes a 4 day financial literacy training program before loan disbursement
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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (COP)COP 186,866,438
Portfolio (USD)USD 102,673.87
Active Clients with Loans918
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
CIRCULOS SOLIDARIOS CON RECURSOS PROPIOS.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 16,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term36.0 months
Approx average27.0 months
Grace Period
Grace period usage50%
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than COP 5,000,000100%
COP 5,000,000-20,000,0000
COP 20,000,000-35,000,0000
COP 35,000,000-50,000,0000
COP 50,000,000-65,000,0000
Greater than COP 65,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term4.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fees
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAdministrative Charges for Insurance Rs 10 per Rs 1000 sum assured per year
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min480
Fixed amount - max1,000
Reason for variation
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest2.46%
Highest quoted nominal interest2.46%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComisio Credito
% of loan amount - min1.88%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation(la comision es el 7.5% anual del valor del credito; p.ej. si el credito es a 16 semanas, 4 meses, la comision es el 2.5%.
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionFondo Mutual y Exequial
% of loan amount - min1.30%
% of loan amount - max1.30%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Individual Micro Enterprise Loans samples
No sample data for this product

Full Pricing Data

CS CON RECURSOS PROPIOS samples
Sample 1Sample 2Sample 3
Loan AmountCOP 300,000COP 400,000COP 800,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-05-162011-05-172011-05-17
Loan Term (Months)2.0 months2.8 months2.8 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component44.0%50.4%50.4%
Insurance Component12.7%12.7%12.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)56.8%63.2%63.2%
Transparency Index524747
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Individual Micro Enterprise Loans Price Graphs
No sample data for this product
CS CON RECURSOS PROPIOS Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFomentamosInstitutionCO-013-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version0200,000400,000600,000800,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 40020020Number 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.
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Key Statistics
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# 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
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