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Institution
Data approved: 2010-10-28
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (USD) | USD 10,797,555 |
Portfolio (USD) | USD 10,797,555 |
Active Clients with Loans | 3,351 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Crédito otorgado a una persona natural o jurídica, con el objeto de financiar actividades de producción, comercialización y servicios, cuya fuente principal de pago lo constituye el producto de las ventas e ingresos generados por dichas actividades.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Capital de operación |
Other (2) | Capital de inversión |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
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 | minimo 18 años y maximo 65 años |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 40,000 |
Loan Term and Grace Period
Shortest loan term | 2.8 months |
Longest loan term | 72.0 months |
Approx average | 39.5 months |
Grace Period
Grace period usage | 0 |
Average grace period | 3.0 months |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Pricing Information
Interest
Lowest quoted nominal interest | 12.00% |
Highest quoted nominal interest | 35.00% |
Reason(s) why interest rate varies | Branch, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Additional Comments
Es necesario recalcar que el seguro de desgravamen no es considerado como una comisión. Si bien el nàºmero de clientes es de 3351, el nàºmero de créditos se eleva a 3494
Full Pricing Data
Crédito Individual - Pro Micro (USD) samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | USD 400 | | USD 400 | | USD 900 | | USD 1,000 | | USD 1,800 | | USD 2,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2010-06-27 | | 2010-12-16 | | 2010-06-23 | | 2011-01-27 | | 2010-06-18 | | 2011-02-22 |
Loan Term (Months) | 5.6 months | | 12.0 months | | 15.0 months | | 12.0 months | | 24.0 months | | 24.0 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 | 25.0% | | 31.4% | | 29.4% | | 32.4% | | 27.4% | | 32.6% |
Insurance Component | 0.5% | | 0.4% | | 0.4% | | 0.4% | | 0.4% | | 0.4% |
Tax Component | 0.6% | | 0.3% | | 0.3% | | 0.3% | | 0.2% | | 0.2% |
Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Full APR (int fee ins tax dep) | 26.1% | | 32.2% | | 30.1% | | 33.1% | | 28.0% | | 33.2% |
Transparency Index | 46 | | 37 | | 40 | | 36 | | 43 | | 36 |
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Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Crédito Individual - Pro Micro (USD) Price Graphs