2. CEDEF
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  2. MEDA
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

Calvary Enterprise Development Foundation Head OfficeMamprobi, Accra, Greater AccraP.O. Box MP 2468
Data approved: 2013-03-18
Data version: 2
Age of data: 144 months
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Institution

Microempresas de Antioquia A.C Calle 57A # 48-31Cra 49 # 53-19 Of 401Medellín, Antioquia
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months

Product

Micro Enterprise Development Product 4 of 4 « Prev | Next »

Product

Microcredito Empresarial Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers285
Loan Amount (range)GHS 100 - 3,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Annual Interest & Method36.00%-54.00% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component23.8% - 49.8%
Fee Component0
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)40.8% - 41.5%
Transparency Index (min/max)72 - 126
Transparency Index (average)87

Product Summary

13,388
COP 300,000 - 51,500,000
1 - 36
Credit Ins, Tech Asst Visits
33.6% annual, Flat
1.00%-4.50% upfront
0.03%-1.08% upfront
None
N/A
 
N/A
31.3% - 33.7% (Int+Fee)
0.6% - 3.0%
0
31.9% - 34.4%
78 - 105
100

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 32,900
Portfolio (USD)USD 16,700.51
Active Clients with Loans285
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed to augment trading/working capital. First-time borrowers are required to participate in training session - Credit with Education.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveGreater Accra Region, Central Region, Eastern Region

Product Details

Key Statistics
Outstanding portfolio (COP)COP 30,852,853,411
Portfolio (USD)USD 16,952,117.26
Active Clients with Loans13,388
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credito ofrecido a Microempresarios y dueños de negocios, para ser invertido en capital de trabajo, activos fijos, y/o reestructuración de pasivos.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherEexcluisivamente para inversiones en su negocio
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
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
Other
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
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00060%
GHS 1,000-5,00040%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 300,000
Maximum loan size51,500,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average24.0 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 interest3.00%
Highest quoted nominal interest4.50%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Loan Purpose, The variable terms of bank loans received by CEDEF.
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
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 interest2.80%
Highest quoted nominal interest2.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDescuento ley Mipyme.
% of loan amount - min1.00%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida deudores.
% of loan amount - min0.03%
% of loan amount - max1.08%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Full Pricing Data

Micro Enterprise Development samples
Sample 1Sample 3Sample 4
Loan AmountGHS 300GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-102012-12-102012-12-15
Loan Term (Months)7.0 months7.0 months7.0 months
Grace Period (Months)0.9 months0.9 months1.0 month
Total Cost of CreditGHS 43.89GHS 219.39GHS 438.78
True Price by Comp     
Interest price component41.5%41.5%40.8%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)41.5%41.5%40.8%
Transparency Index878788
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Microcredito Empresarial samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 1,300,000COP 3,500,000COP 7,000,000COP 13,000,000COP 27,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-012011-03-172011-03-312011-03-262011-03-25
Loan Term (Months)18.0 months18.0 months36.0 months36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component33.7%33.2%32.3%31.3%33.5%
Insurance Component0.6%0.6%0.9%0.6%0.9%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)34.4%33.7%33.2%31.9%34.3%
Transparency Index9810010010098
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Micro Enterprise Development Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeCEDEFInstitutionGH-012-V02-P04ProductGHCountry2013YearRange Number2Institution Data Version05001,0001,5002,0002,5003,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 1008010Number of Borrowers
Click to view Price Analysis Tool
Microcredito Empresarial Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeMEDAInstitutionCO-027-V01-P01ProductCOCountry2011YearRange Number1Institution Data Version05,000,00010,000,00015,000,00020,000,00025,000,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 2,6002,0001,30060070Number 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
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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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