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Institution
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months
Description
Crédito mediante el cual el empresario obtiene fácilmente crédito para: compra de mercancías, insumos, adquisición de maquinaria, equipos, muebles, enseres y vehículo de uso productivo, compra o mejora del local.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Capital de Trabajo Other (2)
Credit education x Group meetings Credit insurance x Workplace visits Business training Other training Other Programa Afinidad Other (2) No other services
Men x Women x Must run a business x Must own a home or land Must be a salaried worker 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 COP Minimum loan size COP 772,000 Maximum loan size 83,430,000
Shortest loan term 1.0 month Longest loan term 59.0 months Approx average 32.0 months
Daily Weekly x Every 2 weeks x 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 8.00% Highest quoted nominal interest 29.57% Reason(s) why interest rate varies Time as Client, Client Risk, Clientes cuyos pagos de obligacion han sido siempre al dia, al igual que cliente que tomen lineas de redescuento de bancoldex. Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? Is rate fixed for entire loan term No
Upfront Fees Fee 1 Fee 2 Description Comision ley Mipyme Comision por consulta centrales de Riesgo + IVA (No todos) % of loan amount - min 4.50% 0 % of loan amount - max 7.50% 0 OR, Fixed amount - min 0 0 Fixed amount - max 0 3,500 Reason for variation Que se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmente N/A Appears on Repayment Sched? Yes Yes
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Seguro de vida por el monto desembolsado % of loan amount - min 0.34% % of loan amount - max 0.34% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Insurance Fees This product has no ongoing insurance fees
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
Additional Comments
Se debe aclarar que la comision de seguro de vida es del 3.422 por cada $1. pesos prestados
Credito Individual Nuevo y Renovado Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose Finamerica Institution CO-017-V01-P03 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 2,000,000 4,000,000 6,000,000 8,000,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 4,700 3,500 2,300 1,100 100 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.
