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Institution
Data approved: 2013-09-13
Data version: 2
Age of data: 134 months
Description
Microcrédito es todo crédito concedido a un prestatario, sea persona natural o jurídica o grupo de prestatarios, con garantías personales, mancomunadas, solidarias, prendarias, hipotecarias u otras modalidades de garantías propias del sector rural
Any purpose Income generation x Mortgage/housing x Consumer loan x Agriculture x 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 Must be specific age group Other Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution 6 # Regions for this product 6 Regions Active Beni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija
Loan Conditions
Currency USD Minimum loan size USD 500 Maximum loan size 105,000
Loans less than USD 1,500 30% USD 1,500-5,000 40% USD 5,000-10,000 10% USD 10,000-15,000 5% USD 15,000-18,000 5% Greater than USD 18,000 5%
Shortest loan term 3.0 months Longest loan term 60.0 months Approx average 50.0 months
Loans 3 months or less 0 Between 4 and 6 months 0 Between 7 and 9 months 0 Between 10 and 12 months 0 Between 13 and 18 months 0 Longer than 18 months 100%
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly x Every 6 months x Every 12 months Single end payment x Irregular payments x
Pricing Information
Interest
Lowest quoted nominal interest 13.00% Highest quoted nominal interest 36.00% Reason(s) why interest rate varies Time as Client, Loan Size, Client Risk, Collateral Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? No Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Comision por Gastos Administrativos % of loan amount - min 0.80% % of loan amount - max 3.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Las diferencias se dan por monto del crédito 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 Ins 1 Description Seguro de Desgravamen % of loan amount - min 0.17% % of loan amount - max 3.30% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Se cobra mensualmente 0.55/1000 para el titular del préstamo, y se sube a 0.75/1000 cuando hay codeudor. 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? Yes Percentage of fees 0 All or some fees taxed N/A
Microcredito - USD Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Multiple Loan Purpose FONDECO Institution BO-015-V02-P02 Product BO Country 2013 Year Range Number 2 Institution Data Version 0 2,000 4,000 6,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 100 60 7 Number of Borrowers
