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Institution

Cooperativa de Comerciantes CL 16 # 8 29Chiquinquira, Boyaca
Data approved: 2011-08-01
Data version: 1
Age of data: 159 months

Product

Consumo (COP) Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)COP 662,862,576
Portfolio (USD)USD 364,210.21
Active Clients with Loans302
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
SERVICIO FINANCIERO ORIENTADO PARA LIBRE INVERSION PREFERENCIALMENTE A EMPLEADOS Y PENSIONADOS
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherCAPITALIZACION APORTES
Other (2)AHORRO PROGRAMADO
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried workerx
Must be specific age group
OtherCodeudor
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 200,000
Maximum loan size12,800,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term60.0 months
Approx average17.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
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 interest0.88%
Highest quoted nominal interest2.29%
Reason(s) why interest rate variesTime as Client, Loan Size, Collateral
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionPapeleria (No es comisio Mipyme)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO DE VIDA QUE SE LIQUIDA SOBRE SALDO A CAPITAL
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
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 deposited0
Deposits DURING period payments
% loan amount deposited1.00% - N/A
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.58%
Maximum interest rate paid1.58%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Savings include Aportes and compulsory savings.

Full Pricing Data

Consumo (COP) samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,500,000COP 3,500,000COP 7,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-052011-02-242011-02-21
Loan Term (Months)12.0 months18.0 months24.0 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 Component19.9%19.9%20.4%
Insurance Component1.1%1.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component1.8%1.4%4.1%
Full APR (int fee ins tax dep)22.8%22.4%25.8%
Transparency Index464741
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Consumo (COP) Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
AgroCapital21,90016,894,00011164
ANED5,4006,579,0003122
Banco FIE231,100569,322,0006122
BancoSol215,300861,418,00030122
CIDRE8,500126,578,0008122
Coop Fatima6,30044,280,0007164
CRECER166,900134,626,00013122
Diaconia67,00085,734,0002122
Ecofuturo59,200226,839,0005122
EMPRENDER8,7002,380,0003164
Fassil FFP57,600325,081,0005122
FONCRESOL3,9009,573,0003122
FONDECO14,20024,274,0003122
Fortaleza20,100164,530,00013122
FUBODE29,40024,444,0007122
FUNBODEM8,60015,798,0009122
IDEPRO10,40040,479,0002122
IMPRO2,4002,885,0004122
ProCredit84,300257,487,0008164
PRODEM44,90062,529,0004122
ProMujer BOL115,20050,753,0003122
Sartawi14,60026,842,0008122
Caps / Zoom options
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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