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Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 171 months
Description
Crédito destinado a financiar los recursos requeridos por la unidad económica para\rla operación de un negocio.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education x Group meetings x Credit insurance x Workplace visits x Business training x 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 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 10,000,000 Maximum loan size 61,800,000
Shortest loan term 6.0 months Longest loan term 60.0 months Approx average 0
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 22.00% Highest quoted nominal interest 28.00% 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? Is rate fixed for entire loan term Yes
Upfront Fees This product has no upfront fees Ongoing Fees Fee 1 Fee 2 Description Comisio de microcredito autorizada por el Consejo Superior de la Microempresa Papeleria % of loan amount - min 1.00% 0 % of loan amount - max 2.00% 0 OR, Fixed amount - min 0 37,120 Fixed amount - max 0 37,120 Reason for variation N/A N/A Appears on Repayment Sched? Yes Yes
Upfront Insurance Fees Ins 1 Description Garantia fondo nacional de garantias (cobrado anualmente) % of loan amount - min 1.35% % of loan amount - max 3.10% 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 % of loan amount - min 3.00% % of loan amount - max 3.00% OR, Fixed amount - min 0 Fixed amount - max 0 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
Additional Comments
La prima del seguro de deuda es asumido por la Fundación para saldos hasta de $1... La prima sobre saldos superiores a esta suma se liquidan en el plan de pagos a cargo de los deudores.\rPara clientes que aporten una garantía real o amparados por un convenio institucional, no se les exige el amparo del Fondo Nacional de Garantías.
Créditos superiores Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose FMSD Institution CO-019-V01-P03 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 30 10 2 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.
