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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months
Description
Es un crédito exclusivamente para inciar un negocio o fortalecer la actividad económicxa que realice el socio, por primera vez desde USD 100 hasta USD 2000 y progresivamente hasta USD 5000
Any purpose Income generation x Mortgage/housing x Consumer loan Agriculture Education Other household finance x Other Como capiltal para iniciar un negocio Other (2) Incremento de mercadería
Credit education x Group meetings Credit insurance x Workplace visits x Business training x Other training Other Capacitación en formulación de planes de negocio Other (2) Capacitación en proyectos de vida y espíritu emprendedor 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 Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. Other (2) Pueden acceder personas desde los 15 años de edad en adelante
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency USD Minimum loan size USD 100 Maximum loan size 5,000
Shortest loan term 3.0 months Longest loan term 24.0 months Approx average 11.0 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly Every 6 months Every 12 months Single end payment Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 14.00% Highest quoted nominal interest 18.50% Reason(s) why interest rate varies Loan Purpose , Credito para inicio de negocios de los jovenes menores de edad.Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? Is rate fixed for entire loan term Yes
Upfront Fees This product has no upfront fees Ongoing Fees Fee 1 Description Seguro de Desgravamen % of loan amount - min 1.00% % of loan amount - max 1.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? No
Upfront Insurance Fees This product has no upfront insurance fees Ongoing Insurance Fees This product has no ongoing insurance fees
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Yes Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
Deposits DURING period payments
% loan amount deposited 0 or, Fixed-amount deposited USD 5 Conditions on access to deposit Access During
Interest Paid on Deposit
Minimum interest rate paid 1.50% Maximum interest rate paid 4.00% Interest payment frequency Monthly
Taxes
Are taxes charged on this product? No
Additional Comments
Para nosotros el pago del ahorro en cada letra es una opción que tiene el socio de ahorrar, entonces el socio puede decidir ahorrar o no. Así también, el socio apenas paga la dividendo ahorra los 5$ con la letra, pero a la vez puede disponer inmediatamente del mismo, entonces no es un ahorro que se queda bloqueado.
Crédito Individual para Micro Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Coop Institution Type Business Loan Purpose COAC FondVida Institution EC-006-V01-P04 Product EC Country 2010 Year Range Number 1 Institution Data Version 0 1,000 2,000 3,000 4,000 Loan Size (all) 0% 10% 20% Full APR (int fee ins tax dep) > 300 100 20 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.
