Number borrowers | 645 |
Loan Amount (range) | USD 50 - 20,000 |
Loan Term (range) | 3.7 - 60.9 |
Other Services (text summary) | Credit Ins, Business Training, Other Training, Asistencia tecnica de los compradores de la produccion |
Annual Interest & Method | 20.0%-28.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront 0.98% ongoing |
Insurance | None |
Tax | 15.00% Principal |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 0 (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 - 0.7% |
Full APR (int fee ins tax dep) | 0 |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | N/A |
7,624 |
COP 268,000 - 64,272,000 |
6 - 60 |
16.8%-24.0% annual, Decl Bal |
2.32%-3.48% upfront |
None |
None |
N/A |
N/A |
20.3% - 30.8% (Int+Fee) |
0 - 0.6% |
0 |
20.3% - 37.1% |
45 - 102 |
63 |
Outstanding portfolio (USD) | USD 687,319 |
Portfolio (USD) | USD 687,319 |
Active Clients with Loans | 645 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Usar solo para capital de trabajo |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Asistencia tecnica de los compradores de la produccion |
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) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (COP) | 0 |
Portfolio (USD) | |
Active Clients with Loans | 7,624 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 20,000 |
Shortest loan term | 3.7 months |
Longest loan term | 60.9 months |
Approx average | 15.6 months |
Grace period usage | 30% |
Average grace period | dk |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | COP |
Minimum loan size | COP 268,000 |
Maximum loan size | 64,272,000 |
Shortest loan term | 6.0 months |
Longest loan term | 60.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose, En funcion de las alianzas que haga retencion de pago |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Seguro De Desgravamen |
% of loan amount - min | 0.98% |
% of loan amount - max | 0.98% |
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 |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 16.80% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Fondo de Desarrollo Institucional |
% of loan amount - min | 2.32% |
% of loan amount - max | 3.48% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 900 | USD 1,000 | USD 2,000 | USD 4,500 | USD 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-17 | 2010-03-10 | 2010-05-13 | 2010-06-17 | 2010-06-15 | 2010-02-26 | |||||
Loan Term (Months) | 18.0 months | 9.0 months | 10.0 months | 18.0 months | 42.0 months | 36.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 32.2% | 35.5% | 33.3% | 30.1% | 19.6% | 21.3% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.2% | 0.4% | 0.4% | 0.2% | 0.1% | 0.1% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 32.4% | 35.9% | 33.7% | 30.3% | 19.7% | 21.4% | |||||
Transparency Index | 62 | 56 | 59 | 66 | 100 | 93 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | COP 517,400 | COP 6,312,280 | COP 12,831,520 | COP 25,989,280 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-03-07 | 2011-03-15 | 2011-02-14 | 2011-04-26 | |||
Loan Term (Months) | 12.0 months | 36.0 months | 36.0 months | 60.0 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 | 30.8% | 26.6% | 26.7% | 20.3% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 6.3% | 0.3% | 0.2% | 0.1% | |||
Full APR (int fee ins tax dep) | 37.1% | 26.9% | 26.9% | 20.3% | |||
Transparency Index | 45 | 62 | 62 | 83 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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