2. FINCA
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Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 125 months
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Institution

Corporación Nariño Empresa y Futuro Calle 17 No. 29-31Pasto, Nariño
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months

Product

Rural loan Product (USD) Product 2 of 12 « Prev | Next »

Product

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Product Summary

Number borrowers539
Loan Amount (range)USD 50 - 3,000
Loan Term (range)6 - 18
Other Services (text summary)
Annual Interest & Method29.0%-34.0% annual, Decl Bal
Fees2.00%-3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component21.8% - 38.4%
Fee Component1.5% - 7.1%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)38.5%
Transparency Index (min/max)57 - 94
Transparency Index (average)75

Product Summary

204
COP 12,875,001 - 103,000,000
1 - 60
Eventualmente capacitación y asistencia técnica
23.8% annual, Decl Bal
10,000.00 upfront 3,000.00 ongoing
7.00% ongoing
None
N/A
 
N/A
21.2% - 21.3% (Int+Fee)
1.2% - 1.4%
0
22.5% - 22.7%
59 - 105
100

Product Details

Key Statistics
Outstanding portfolio (USD)USD 487,497.44
Portfolio (USD)USD 487,497.44
Active Clients with Loans539
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in rural areas and engaged in trade activities and household business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
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
OtherMust have two active cash streams
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Product Details

Key Statistics
Outstanding portfolio (COP)COP 2,728,408,333
Portfolio (USD)USD 1,499,125.46
Active Clients with Loans204
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Crédito superior a 25 SMMLV para microempersarios urbanos y rurales, que cuenten con antigàŒedad mínima de 6 meses en su actividad económica
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherPrincipalmente para capital de trabajo y activos f
Other (2)Sustitución de pasivos
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherEventualmente capacitación y asistencia técnica
Other (2)
No other services
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
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50050%
USD 1,500-5,00050%
USD 5,000-10,0000
USD 10,000-15,0000
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average16.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months50%
Between 13 and 18 months50%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period6.0 months
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 12,875,001
Maximum loan size103,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term60.0 months
Approx average17.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest29.00%
Highest quoted nominal interest34.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationThe variation is due to loan term. 2% on the term upto 12 months and 3% on higher than 12 months
Appears on Repayment Sched?No
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
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 interest23.77%
Highest quoted nominal interest23.77%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCostos Administrativos
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10,000
Fixed amount - max10,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionCostos Administrativos - Pagado diferido con las primeras cuotas para algunos prestamos.
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de proteccio de prestamo
% of loan amount - min7.00%
% of loan amount - max7.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Rural loan Product (USD) samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
USD 900 Generated 2014-11-01 12.0 months N/A USD 195.24 38.5% 32.6% 5.9% 0.0% 0.0% 0.0% 75 - PDF
USD 1,200 Generated 2014-11-01 12.0 months N/A USD 260.32 38.5% 32.6% 5.9% 0.0% 0.0% 0.0% 75 - PDF
USD 3,000 Generated 2014-11-01 12.0 months N/A USD 650.81 38.5% 32.6% 5.9% 0.0% 0.0% 0.0% 75 - PDF
USD 3,450 Generated 2014-11-01 12.0 months N/A USD 748.43 38.5% 32.6% 5.9% 0.0% 0.0% 0.0% 75 - PDF

Full Pricing Data

Comercial samples
Sample 1Sample 2Sample 3
Loan AmountCOP 15,000,000COP 27,092,425COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-03-152011-01-152011-02-23
Loan Term (Months)24.0 months36.0 months36.0 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 Component21.3%21.3%21.2%
Insurance Component1.4%1.4%1.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.7%22.7%22.5%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Rural loan Product (USD) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCAInstitutionAZ-005-V03-P02ProductAZCountry2014YearRange Number3Institution Data Version01,0002,0003,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 100608Number of Borrowers
Click to view Price Analysis Tool
Comercial Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeContactarInstitutionCO-014-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version010,000,00020,000,00030,000,00040,000,000Loan Size (all)0%5%10%15%20%Full APR (int fee ins tax dep)> 40202Number 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
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
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