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Institution
Data approved: 2011-02-09
Data version: 1
Age of data: 171 months
Description
SE OTORGA A SOCIOS ASALARIADOS, PARA ADQUIRIR BIENES DE CONSUMO Y PAGOS ORIENTADOS A CUBRIR PEQUEÑAS NECESIDADES COMO: COMPRA DE ARTEFACTOS, MUEBLES PARA EL HOGAR, GASTOS DE SALUD, EDUACCIÓN, VACACIONES.
Any purpose x Income generation Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education Group meetings Credit insurance x Workplace visits Business training Other training Other Other (2) No other services
Men x Women x Must run a business Must own a home or land Must be a salaried worker x 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 250 Maximum loan size 8,000
Shortest loan term 4.0 months Longest loan term 30.0 months Approx average 20.0 months
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 15.20% Highest quoted nominal interest 15.20% 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 DOS CABEZAS, CALCULADA SOBRE EL MONTO DEL CREDITO DISTRIBUIDO EN CADA CUOTA % of loan amount - min 6.00% % of loan amount - max 6.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited 9.00% or, Fixed-amount deposited 0
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited 0 Conditions on access to deposit End Term
Interest Paid on Deposit
Minimum interest rate paid 0.50% Maximum interest rate paid 2.50% Interest payment frequency Annually
Taxes
Are taxes charged on this product? No
Additional Comments
GARANTIA: SOBRE FIRMAS. HASTA $ 5 USD -1 GARANTE; DE $51 A $8 USD -2 GARANTES, SOCIO CON CALIFICACIÓN "A" HASTA $5 SIN GARANTE, DE $ 51 A $ 8 -1 GARANTE.
Credito de Consumo Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Coop Institution Type Any Loan Purpose Coop San Miguel Institution EC-033-V01-P01 Product EC Country 2011 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 8,000 Loan Size (all) 0% 5% 10% 15% 20% Full APR (int fee ins tax dep) > 200 100 10 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.
