2. FINCA
Please note that the information you are viewing is 125 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Bancolombia
Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

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

Institution

Bancolombia Mi Negocio Cra 48 # 26 - 85 Direccion GeneralMedellín, Antioquía
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months

Product

Solidarity Credit Group (AZN) Product 7 of 12 « Prev | Next »

Product

Microcrédito Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers9,633
Loan Amount (range)AZN 50 - 2,400
Loan Term (range)4 - 18
Other Services (text summary)
Annual Interest & Method26.5%-36.0% annual, Decl Bal
Fees2.00% 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)30.9% - 40.2%
Transparency Index (min/max)57 - 94
Transparency Index (average)77

Product Summary

36,297
COP 535,600 - 13,390,000
3 - 48
Credit Educ, Tech Asst Visits, Other Training, Acompañamiento y seguimiento, Educación financiera
29.6% annual, Decl Bal
upfront
2.75% upfront 0.57% ongoing
None
N/A
 
N/A
39.4% - 41.3% (Int+Fee)
5.5% - 18.3%
0
45.2% - 57.7%
51 - 65
59

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 7,678,863
Portfolio (USD)USD 9,844,696.15
Active Clients with Loans9,633
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in urban areas and engaged in trade, services and production.
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 landx
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 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 93,846,000,000
Portfolio (USD)USD 51,563,736.26
Active Clients with Loans36,297
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Línea de crédito mediante la cual se satisfacen las necesidades de financiación de las microempresas. Fácil y rápido, estudio de crédito gratis, cuenta de ahorros sin cuota de manejo. Puede acceder a seguros y cuenta con un asesor especializado.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
OtherActivos fijos, reforma locativa, insumos
Other (2)Gastos operativos del negocio, capital de trabajo
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business training
Other trainingx
OtherAcompañamiento y seguimiento
Other (2)Educación financiera
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
OtherCentrales de Riesgo aprobadas
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
CurrencyAZN
Minimum loan sizeAZN 50
Maximum loan size2,400
Distribution at Disbursement (Est.)
Loans less than AZN 1,00050%
AZN 1,000-5,00050%
AZN 5,000-8,0000
AZN 8,000-11,0000
AZN 11,000-14,0000
Greater than AZN 14,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term18.0 months
Approx average13.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months70%
Between 13 and 18 months30%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace periodDK
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 535,600
Maximum loan size13,390,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average15.0 months
Grace Period
Grace period usage0
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

Pricing Information

Interest
Lowest quoted nominal interest26.50%
Highest quoted nominal interest36.00%
Reason(s) why interest rate variesBranch, Loan 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
DescriptionOrigination Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 interest29.56%
Highest quoted nominal interest29.56%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComisio Mipyme
% of loan amount - min0
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionComisio FNG
% of loan amount - min2.75%
% of loan amount - max2.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionPlan de seuros de Vida - % sobre saldo.
% of loan amount - min0.57%
% of loan amount - max0.57%
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

Solidarity Credit Group (AZN) 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
AZN 50 Generated 2014-10-01 10.0 months 0.0 months AZN 7.17 30.9% 26.2% 4.7% 0.0% 0.0% 0.0% 86 - PDF
AZN 50 Generated 2014-10-01 10.0 months 0.0 months AZN 9.48 40.2% 35.5% 4.7% 0.0% 0.0% 0.0% 66 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 156.04 38.5% 34.5% 4.0% 0.0% 0.0% 0.0% 69 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 130.78 32.6% 28.7% 3.9% 0.0% 0.0% 0.0% 81 - PDF
AZN 960 Generated 2014-10-01 12.1 months 0.0 months AZN 196.76 36.6% 32.6% 4.0% 0.0% 0.0% 0.0% 72 - PDF
AZN 1,500 Generated 2014-10-01 14.1 months 0.0 months AZN 302.14 31.1% 27.7% 3.4% 0.0% 0.0% 0.0% 85 - PDF
AZN 2,760 Generated 2014-10-01 18.1 months 0.0 months AZN 749.31 32.4% 29.6% 2.8% 0.0% 0.0% 0.0% 82 - PDF

Full Pricing Data

Microcrédito samples
Sample 1Sample 2Sample 3
Loan AmountCOP 3,250,000COP 6,500,000COP 13,300,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-03-162011-03-152011-03-29
Loan Term (Months)18.0 months24.0 months18.0 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 Component39.6%39.4%41.3%
Insurance Component5.6%18.3%5.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.2%57.7%46.8%
Transparency Index655163
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Solidarity Credit Group (AZN) Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCAInstitutionAZ-005-V03-P07ProductAZCountry2014YearRange Number3Institution Data Version05001,0001,5002,0002,5003,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 3,3002,5001,60080090Number of Borrowers
Click to view Price Analysis Tool
Microcrédito Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeMultipleLoan PurposeBancolombiaInstitutionCO-006-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version05,000,00010,000,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 18,00013,0009,0004,500500Number 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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