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
Data approved: 2011-03-15
Data version: 1
Age of data: 171 months
Description
Fortalecer la capacidad actual de la microempresa, mediante la financiación de capital de trabajo, procurando satisfacer sus necesidades específicas, tales como compras, proveedores, sustitución de pasivos, etc.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Capital de Trabajo 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 x Must own a home or land Must be a salaried worker Must be specific age group x Other pueden realizar actividades de producción, comercio o servicios. 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 300,000 Maximum loan size 13,390,000
Shortest loan term 3.0 months Longest loan term 24.0 months Approx average 12.5 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 2.10% Highest quoted nominal interest 2.46% Reason(s) why interest rate varies Time as Client, Loan Size, Client Risk Interest rate period Monthly 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 Honorarios y Comisiones decretada por el Consejo Superior de la Microempresa. Porcentaje no incluye el IVA. % of loan amount - min 4.50% % of loan amount - max 7.50% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Upfront Insurance Fees Ins 1 Description AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL (FRG) % of loan amount - min 1.35% % of loan amount - max 2.10% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Insurance Fees Ins 1 Description SEGURO DEUDORES Y SEGURO DE VIDA % of loan amount - min 0 % of loan amount - max 0 OR, Fixed amount - min 1,210 Fixed amount - max 11,400 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
Full Pricing Data
Capital de Trabajo sample s
Sample 1Sample 2Sample 3Sample 4Loan Amount COP 700,000 COP 1,200,000 COP 1,500,000 COP 3,500,000 Loan Cycle (1, 2, 3, etc)Not Known Not Known Not Known Not Known Disbursement Date 2011-03-16 2011-03-16 2011-03-16 2010-09-10 Loan Term (Months) 10.0 months 12.0 months 12.0 months 12.0 months Grace Period (Months)0.0 months 0.0 months 0.0 months 0.0 months Total Cost of Credit Not Known Not Known Not Known Not Known True Price by Comp Interest and Fee Component 48.2% 48.1% 48.1% 38.4% Insurance Component 7.0% 5.5% 5.2% 5.2% Tax Component 0.0% 0.0% 0.0% 0.0% Deposit Component 0.0% 0.0% 0.0% 0.0% Full APR (int fee ins tax dep)55.2% 53.6% 53.4% 43.6% Transparency Index 46 47 47 58 Original Repayment Schedule PDF PDF PDF PDF MFT Pricing Calculation PDF PDF PDF PDF
Capital de Trabajo Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose Actuar Tolima Institution CO-015-V01-P02 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 1,000,000 2,000,000 3,000,000 Loan Size (all) 0% 20% 40% 60% Full APR (int fee ins tax dep) > 3,500 2,600 1,700 800 100 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.
