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Institution
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months
Description
Destinado a personas naturales y jurídicas de estrato I,II y III, con actividades microempresariales productivas, comerciales, Agropecuarias y de servicios, del sector urbano y rural, con monto inferior a 25 SMLV
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Capital de Trabajo Other (2) Compra de Activos
Credit education x Group meetings x Credit insurance x Workplace visits x Business training x Other training x Other Ruedas de Negocio Other (2) No other services
Men x Women x Must run a business x Must own a home or land x Must be a salaried worker Must be specific age group Other Codeudor con Finca Raiz Other (2) Codeudor asalariado o independiente
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency COP Minimum loan size COP 200,000 Maximum loan size 12,580,000
Shortest loan term 1.0 month Longest loan term 36.0 months Approx average 15.0 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly Every 6 months Every 12 months Single end payment x Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 2.00% Highest quoted nominal interest 2.00% Interest rate period Monthly Interest Rate Calculation Method Decl Bal Subsidized by funder request? Yes Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Fee 2 Description COMISION DE MICROCREDITO LEY 590 DEL 2000 CIFIN % of loan amount - min 4.50% 0 % of loan amount - max 7.50% 0 OR, Fixed amount - min 0 5,000 Fixed amount - max 0 5,000 Reason for variation N/A Appears on Repayment Sched? Yes Yes
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 % 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 Never Criteria N/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 deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Solidaria Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose FUNDESMAG Institution CO-023-V01-P02 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 1,000,000 2,000,000 3,000,000 4,000,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 90 40 5 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.
