Please note that the information you are viewing is 109 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco de las Oportunidades (Banco de los Pobres) Calle 44 Nro. 52-165Medellin, Antioquia
Data approved: 2011-09-15
Data version: 1
Age of data: 109 months

Product

Banco de los pobres (por MEDA) Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)COP 13,842,598,066
Portfolio (USD)USD 7,605,823.11
Active Clients with Loans7,149
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Convenio de microcredito para apoyo a creacion y fortalecimeinto de pequeñas unidades productivas en el municipio de Medellin
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Otherexclusivamente para creacion de empresas
Other (2)inversionen activos fijos y/o capital de trabajo
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 533,510
Maximum loan size5,325,100
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest0.91%
Highest quoted nominal interest0.91%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionSeguro de vidaSeguro de proteccion de cartera
% of loan amount - min0.74%3.00%
% of loan amount - max1.44%3.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Este convenio de creditos exige hacer visitas poscreditodurante el credito para verificacion de la inversion y asesoria, una a los dos meses de desembolsado y luego con intrevalos de 4 meses hasta terminar el credito, adicionalmente MEDA realiza todo el proceso del credito a exepcion del desembolso. El desempbolso lo lleva a cabo el IDEA, éste instituto elabora los cheques y los envia a MEDA para ser entregados y continuar con el proceso

Full Pricing Data

Banco de los pobres (por MEDA) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 1,200,000COP 1,500,000COP 3,500,000COP 3,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-04-062011-03-092011-03-092011-04-06
Loan Term (Months)12.0 months18.0 months22.4 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component11.3%11.1%11.1%10.9%
Insurance Component6.8%5.0%4.1%4.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)18.1%16.2%15.2%15.0%
Transparency Index60687273
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Banco de los pobres (por MEDA) Price Graphs


Please note that the information you are viewing is 82 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 82 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressn/a
Year established2008
Head of InstitutionAmadu Montia
Regions activeNorthern Region
# Branches2

Total Portfolio (nat'l)GHS 1,905,561.29
Total Portfolio (USD)USD 967,289.99
Active clients with loans5,143
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
FundersMiDA

Loan Products » Summary

61 Borrowers
USD 167,512.69 Portfolio
Active Product
5,082 Borrowers
USD 799,777.16 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Support Loan GHS 1,000 - 30,000 1 - 3 0% - 20% 80% - 100% Business Women, Men, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Group Loan GHS 100 - 1,000 4 80% - 100% 80% - 100% Business Women, Have business, Must be a group member and must have lived in the community for at least one year, Must have group guarantee Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins None 10.00% upfront 63.1% 75.6% 47
Institution Price Graph
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Key Statistics
# Samples:
# Products
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# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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