2. Confiar
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  2. FINCA
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 161 months

Institution

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 115 months
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Product

Vivienda de Interés Social VIS Product 6 of 7 « Prev | Next »

Product

Solidarity Credit Group (USD) Product 1 of 12 « Prev | Next »

Product Summary

Number borrowers3,031
Loan Amount (range)COP 7,000,000 - 57,845,000
Loan Term (range)60 - 144
Other Services (text summary)Credit Ins
Annual Interest & Method12.4% annual, Decl Bal
FeesNone
Insurance1.00% upfront 350.00-19,467.00 ongoing
TaxNone
Comp Dep258,000.00 upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component12.2% (Int+Fee)
Insurance Component0 - 0.6%
Tax Component Range0
Full APR (int fee ins tax dep)12.7% - 13.5%
Transparency Index (min/max)45 - 102
Transparency Index (average)95

Product Summary

184
USD 50 - 3,000
4 - 18
29.0%-32.0% annual, Decl Bal
2.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
33.6% - 35.5%
57 - 94
84

Product Details

Key Statistics
Outstanding portfolio (COP)COP 46,628,445,988
Portfolio (USD)USD 25,620,025.27
Active Clients with Loans3,031
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para adquisición de vivienda nueva o usada, cuyo valor comercial no exceda $69,525,000\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherPara compra o construcción de Vivienda
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
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

Product Details

Key Statistics
Outstanding portfolio (USD)USD 194,380.77
Portfolio (USD)USD 194,380.77
Active Clients with Loans184
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in urban areas and engaged in trade, services and production.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
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 institution8
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 7,000,000
Maximum loan size57,845,000
Loan Term and Grace Period
Shortest loan term60.0 months
Longest loan term144.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50050%
USD 1,500-5,00050%
USD 5,000-10,0000
USD 10,000-15,0000
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term18.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period6.0 months
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 interest12.37%
Highest quoted nominal interest12.37%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
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 1
DescriptionFondo de Desarrollo Institucional
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionSeguro contra incendio y terremoto
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min350
Fixed amount - max19,467
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedCOP 258,000
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest29.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionOrigination Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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

Full Pricing Data

Vivienda de Interés Social VIS samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 6,840,706COP 15,574,200COP 26,946,800COP 44,737,950
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-02-012011-02-162011-05-192011-05-26
Loan Term (Months)144.0 months144.0 months144.0 months144.0 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 Component12.2%12.2%12.2%12.2%
Insurance Component0.6%0.6%0.6%0.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.7%0.3%0.2%0.1%
Full APR (int fee ins tax dep)13.5%13.1%12.9%12.7%
Transparency Index92959698
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Solidarity Credit Group (USD) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
USD 50 Generated 2014-11-01 12.0 months N/A USD 9.46 33.6% 29.6% 4.0% 0.0% 0.0% 0.0% 86 - PDF
USD 900 Generated 2014-11-01 12.0 months N/A USD 170.31 33.6% 29.6% 4.0% 0.0% 0.0% 0.0% 86 - PDF
USD 1,500 Generated 2014-11-01 12.0 months N/A USD 292.68 34.6% 30.6% 4.0% 0.0% 0.0% 0.0% 84 - PDF
USD 3,000 Generated 2014-11-01 12.0 months N/A USD 603.06 35.5% 31.6% 3.9% 0.0% 0.0% 0.0% 82 - PDF
Vivienda de Interés Social VIS Price Graphs


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Solidarity Credit Group (USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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