2. Confiar
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Espoir
Please note that the information you are viewing is 164 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: 160 months

Institution

Fundación para el Desarrollo Integral Espoir Iñaquito No. 1261 y Naciones Unidas Edficio Comandato Torre Iñaquito PenthouseQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 164 months

Product

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Product

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Product Summary

Number borrowers275
Loan Amount (range)COP 35,000,000 - 84,975,000
Loan Term (range)60 - 120
Other Services (text summary)Credit Ins
Annual Interest & Method15.0% annual, Decl Bal
FeesNone
Insurance350.00-29,741.00 ongoing
TaxNone
Comp Dep515,000.00 upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component14.0% (Int+Fee)
Insurance Component0 - 0.6%
Tax Component Range0
Full APR (int fee ins tax dep)14.9%
Transparency Index (min/max)45 - 102
Transparency Index (average)100

Product Summary

52,471
USD 350 - 1,800
4 - 6
Credit Educ, Group Mtgs, Business Training, Other Training
24.3%-26.8% annual, Flat
None
None
None
10.0% upfront
 
N/A
24.7% - 27.6% (Int+Fee)
0
0
30.1% - 34.0%
71 - 101
73

Product Details

Key Statistics
Outstanding portfolio (COP)COP 6,904,000,000
Portfolio (USD)USD 3,793,406.59
Active Clients with Loans275
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, con construcción en terreno propio de vivienda o para liberación de gravamen hipotecario, cuyo valor comercial exceda $69,525,000\r
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
OtherPara compra o construcción de Vivienda.
Other (2)Activo Fijo
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 13,907,941
Portfolio (USD)USD 13,907,941
Active Clients with Loans52,471
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Group loan designed for poor women in Ecuador. The Communal Bank channels small amounts to its members. Additional services include title insurance (desgravamen), life insurance and bonuses for new born babies, among other.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
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
OtherHombres solo si representan el 20% del total de miembros de grupo
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 35,000,000
Maximum loan size84,975,000
Loan Term and Grace Period
Shortest loan term60.0 months
Longest loan term120.0 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 350
Maximum loan size1,800
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term6.0 months
Approx average5.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.02%
Highest quoted nominal interest15.02%
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
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro contra incendio y terremoto
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min350
Fixed amount - max29,741
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 515,000
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 interest24.33%
Highest quoted nominal interest26.77%
Reason(s) why interest rate variesLoan term
Interest rate periodYearly
Interest Rate Calculation MethodFlat
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
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Frecuencia: Cada 15 días

Full Pricing Data

Vivienda Especial samples
Sample 1Sample 2Sample 3
Loan AmountCOP 40,400,000COP 42,420,000COP 42,420,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-03-082011-04-232011-04-23
Loan Term (Months)120.0 months120.0 months120.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component14.0%14.0%14.0%
Insurance Component0.6%0.6%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.3%0.2%0.2%
Full APR (int fee ins tax dep)14.9%14.9%14.9%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Crédito de Banca Comunal samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 440USD 440USD 1,000USD 1,100
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-08-042010-06-142010-07-012010-06-09
Loan Term (Months)4.0 months4.0 months5.0 months5.0 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 Component24.7%27.6%27.5%27.5%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component5.4%6.4%6.5%6.5%
Full APR (int fee ins tax dep)30.1%34.0%34.0%34.0%
Transparency Index81727171
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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Key Statistics
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# 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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