Please note that the information you are viewing is 159 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: 159 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.confiar.coop/
Year established1972
Head of InstitutionOswaldo Gómez
Regions active
# Branches37

Total Portfolio (nat'l)COP 311,910,000,000
Total Portfolio (USD)USD 171,379,120.90
Active clients with loans43,877
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

421 Borrowers
Portfolio
Active Product
1,393 Borrowers
USD 970,769.50 Portfolio
Active Product
15,313 Borrowers
Portfolio
Active Product
7,624 Borrowers
Portfolio
Active Product
15,774 Borrowers
USD 51,609,128.83 Portfolio
Active Product
3,031 Borrowers
USD 25,620,025.27 Portfolio
Active Product
275 Borrowers
USD 3,793,406.59 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Crédito Especial COP 258,000 - 5,869,000 1 - 60 0% 0% Any Purpose Women, Men
CrediAportes COP 258,000 - 8,569,000 6 - 36 40% - 60% 40% - 60% Any Purpose Women, Men, Debe ser Asociado de la Cooperativa. Credit Ins
Credifacil COP 267,800 - 34,814,000 6 - 60 0% 0% Any Purpose Women, Men
Microcredit Productivo COP 268,000 - 64,272,000 6 - 60 0% 0% Any Purpose Women, Men
Ordinario COP 535,600 - 38,625,000 6 - 60 40% - 60% 40% - 60% Any Purpose Women, Men Credit Ins
Vivienda de Interés Social VIS COP 7,000,000 - 57,845,000 60 - 144 40% - 60% 40% - 60% Business, Para compra o construcción de Vivienda Women, Men Credit Ins
Vivienda Especial COP 35,000,000 - 84,975,000 60 - 120 40% - 60% 40% - 60% Housing, Para compra o construcción de Vivienda., Activo Fijo Women, Men Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Crédito Especial 7.3%-14.5% annual, Decl Bal 0 Fees 0 Ins None N/A 9.2% - 14.5% 11.5% - 14.7% 58
CrediAportes 11.0%-13.8% annual, Decl Bal 1 Fee 0 Ins None 52,000.00 upfront 12.3% - 17.6% 12.5% - 18.8% 74
Credifacil 14.4%-15.0% annual, Decl Bal 1 Fee 0 Ins None N/A 14.1% - 19.6% 14.1% - 20.9% 82
Microcredit Productivo 16.8%-24.0% annual, Decl Bal 1 Fee 0 Ins None N/A 20.3% - 30.8% 20.3% - 37.1% 63
Ordinario 16.8%-18.0% annual, Decl Bal 1 Fee 1 Ins None 52,000.00 upfront 17.8% - 20% 18.2% - 21.6% 86
Vivienda de Interés Social VIS 12.4% annual, Decl Bal 0 Fees 2 Ins None 258,000.00 upfront 12.2% 12.7% - 13.5% 95
Vivienda Especial 15.0% annual, Decl Bal 0 Fees 1 Ins None 515,000.00 upfront 14% 14.9% 100
Institution Price Graph
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Katipunan Bank (ZN), Inc Quezon Ave. cor. Aguilar St.MiputakDipolog City, Zamboanga del Norte/Region IX7100
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

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Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 75,062,850
Portfolio (USD)USD 1,795,761.96
Active Clients with Loans5,719
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherMABS Approach
Description
An Asenso Loan is an individual microfinance loan product for microenterprises to help them expand their present business activities and increase their income.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherTie-up with other agencies (DTI, TESDA) for trainings
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other18-65 years old
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
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionNotarial Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionService Charge
% of loan amount - min3.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation4% if above 18 days
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionLoan Redemption Plan
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionMBA (Microinsurance)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20
Fixed amount - max20
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 depositedPHP 100
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Credit Insurance is 1.5% per annum; TAXES: Documentary Stamps - Above 5, loan amount only - (Loan Amount less 5,)/2;

Full Pricing Data

ASENSO Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 15,000PHP 30,000PHP 60,000PHP 100,000PHP 120,000
Loan Cycle (1, 2, 3, etc)4Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-04-202010-11-302011-07-062011-01-202010-12-15
Loan Term (Months)5.6 months8.4 months11.2 months4.7 months11.2 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component74.4%71.0%66.3%68.4%66.1%
Insurance Component18.9%10.7%6.5%9.0%5.1%
Tax Component0.0%0.0%0.2%1.2%0.7%
Deposit Component10.2%8.6%7.5%7.0%7.3%
Full APR (int fee ins tax dep)103.5%90.3%80.5%85.6%79.2%
Transparency Index2933373538
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
ASENSO Loan Price Graphs


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