Corporación Nariño Empresa y Futuro - Microcrédito - MFTransparency.org Truth In Lending Tables

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Institution

Corporación Nariño Empresa y Futuro Calle 17 No. 29-31Pasto, Nariño

Data approved: 2011-08-01

Data version: 1

Age of data: 160 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 34,006,476,957
Portfolio (USD)	USD 18,684,877.45
Active Clients with Loans	24,982
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

Crédito para microempresarios urbanos y rurales que cuenten con experiencia mínima de 6 meses en su unidad productiva.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other	Eventualmente capacitación y asistencia técnica
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	COP
Minimum loan size	COP 200,000
Maximum loan size	103,000,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	60.0 months
Approx average	17.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	25.00%
Highest quoted nominal interest	31.87%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Costos Administrativos
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	10,000
Fixed amount - max	10,000
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

	Fee 1
Description	Comisio Mipyme (cobrado anualmente)
% of loan amount - min	4.50%
% of loan amount - max	4.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Seguro de proteccio de prestamo
% of loan amount - min	7.00%
% of loan amount - max	7.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Microcrédito samples

	Sample 1	Sample 2	Sample 3
Loan Amount	COP 1,200,000	COP 3,500,000	COP 7,091,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-03-10	2011-04-01	2011-03-16
Loan Term (Months)	13.0 months	18.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	41.2%	39.6%	38.4%
Insurance Component	1.3%	1.4%	1.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	42.6%	41.0%	39.6%
Transparency Index	59	61	63

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Microcrédito Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	150
Ahantaman RB	23,800	9,896,000	4	132
APED	13,700	1,876,000	2	132
ASA Initiative	4,400	577,000	4	132
ASA-Ghana	71,600	18,385,000	2	132
ASPI	800	88,000	6	132
Atwima Kwanwoma	3,800	1,788,000	2	132
Baobab	5,100	967,000	2	132
BestFUND	13,000	4,172,000	3	132
Bonzali Rural	10,400	1,691,000	4	150
CashPhase	83	135,000	2	132
CASUD	1,100	524,000	1	132
CEDEF	500	54,000	4	132
CFF	100	13,000	1	132
CRAN	3,600	1,019,000	2	132
DQF	1,700	63,000	2	132
EASL	9,200	11,409,000	6	132
East Mamprusi	12,500	2,268,000	4	132
ELDA	0	0	0	132
EMPRETEC Ghana	200	56,000	2	132
FASL	13,500	14,047,000	8	132
Grameen Ghana	9,500	507,000	3	132
ID-Ghana	5,600	953,000	3	132
Innovative Finance	2,700	354,000	3	132
Kraban Support	7,700	781,000	5	150
KRB	4,000	6,350,000	3	132
Lower Pra RB	34,000	6,316,000	3	150
Maata-N-Tudu	12,000	941,000	4	132
Mail Finance	300	288,000	1	132
Markaz	0	0	0	132
Markaz Al Bishara	100	17,000	1	132
MicrofinPlus Gh	1,100	251,000	2	132
Nwabiagya RB	4,000	2,265,000	3	132
OISL	62,000	27,232,000	9	132
Pro Credit	0	0	0	132
Rich Step	100	101,000	1	132
SAT	147,600	29,359,000	4	132
Sekam Trust	600	137,000	2	132
Simli Pong	8,900	463,000	3	150
SS Ghana	200	35,000	1	132
TCCU	100	32,000	3	132
The Bridge	400	32,000	3	150
Union RB	3,800	2,361,000	4	132

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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

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