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Institution
Data approved: 2011-03-15
Data version: 1
Age of data: 170 months
Description
Crédito para las Pequeñas y Medianas Empresas la financiación de materia prima, insumos, inventarios, gastos operativos y de funcionamiento, maquinaria y equipos, vehículo de uso productivo, compra ó adecuación de bodegas ó locales.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Compra de mercancías, insumos, adquisición de maqu Other (2)
Credit education Group meetings Credit insurance Workplace visits Business training Other training Other Programa Afinidad (tarjeta club finamigos) 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 Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore 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 12,440,000 Maximum loan size 300,000,000
Shortest loan term 6.0 months Longest loan term 59.0 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 20.85% Highest quoted nominal interest 21.60% Reason(s) why interest rate varies Time as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o Bancoldex Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? Is rate fixed for entire loan term No
Upfront Fees Fee 1 Fee 2 Description CIFIN Comision por consulta de centrales de riesgo % of loan amount - min 0 0 % of loan amount - max 0 0 OR, Fixed amount - min 0 3,500 Fixed amount - max 50,000 3,500 Reason for variation N/A Appears on Repayment Sched? Yes Yes
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Seguro de vida por el monto desembolsado % of loan amount - min 0.34% % of loan amount - max 0.34% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation N/A Appears on Repayment Sched? Yes
Ongoing Insurance Fees This product has no ongoing insurance fees
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
Credito Pymes Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose Finamerica Institution CO-017-V01-P04 Product CO Country 2011 Year Range Number 1 Institution Data Version 0 10,000,000 20,000,000 30,000,000 40,000,000 Loan Size (all) 0% 5% 10% 15% 20% 25% Full APR (int fee ins tax dep) > 100 90 10 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.
