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172 months old and may not represent the prices currently charged.
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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 172 months
Key Statistics
| Outstanding portfolio (USD) | USD 1,949,015 |
| Portfolio (USD) | USD 1,949,015 |
| Active Clients with Loans | 1,209 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Es un crédito exclusivamente para inciar un negocio o fortalecer la actividad económicxa que realice el socio, por primera vez desde USD 100 hasta USD 2000 y progresivamente hasta USD 5000
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | Como capiltal para iniciar un negocio |
| Other (2) | Incremento de mercadería |
Included Services
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Capacitación en formulación de planes de negocio |
| Other (2) | Capacitación en proyectos de vida y espíritu emprendedor |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. |
| Other (2) | Pueden acceder personas desde los 15 años de edad en adelante |
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 100 |
| Maximum loan size | 5,000 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 11.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| 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 | 14.00% |
| Highest quoted nominal interest | 18.50% |
| Reason(s) why interest rate varies | Loan Purpose, Credito para inicio de negocios de los jovenes menores de edad. |
| 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 feesOngoing Fees
| Fee 1 |
|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | USD 5 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 1.50% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Para nosotros el pago del ahorro en cada letra es una opción que tiene el socio de ahorrar, entonces el socio puede decidir ahorrar o no. Así también, el socio apenas paga la dividendo ahorra los 5$ con la letra, pero a la vez puede disponer inmediatamente del mismo, entonces no es un ahorro que se queda bloqueado.
Full Pricing Data
Crédito Individual para Micro samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | USD 450 | | USD 1,000 | | USD 2,000 | | USD 4,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2010-08-23 | | 2010-08-24 | | 2010-07-27 | | 2010-07-21 |
| Loan Term (Months) | 4.0 months | | 14.0 months | | 10.0 months | | 17.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 18.8% | | 18.8% | | 18.7% | | 18.8% |
| Insurance Component | 5.3% | | 1.7% | | 2.2% | | 1.4% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.3% | | 0.2% | | 0.1% | | 0.0% |
| Full APR (int fee ins tax dep) | 24.3% | | 20.6% | | 21.0% | | 20.2% |
| Transparency Index | 58 | | 68 | | 67 | | 69 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Crédito Individual para Micro Price Graphs
