2. Finamerica
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. EMPRENDER
Please note that the information you are viewing is 165 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 160 months

Institution

EMPRENDER c. Presbítero Medina. Pje. Tal Tal Nº 570. SopocachiLa Paz, La Paz
Data approved: 2010-10-28
Data version: 1
Age of data: 165 months

Product

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Product

Bancos de Emprendimiento Bolivianos Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers2,505
Loan Amount (range)COP 300,000 - 65,000,000
Loan Term (range)12 - 59
Other Services (text summary)Other Training, Fidelizacion
Annual Interest & Method14.4%-28.7% annual, Decl Bal
Fees3,500.00 upfront 18,000.00-58,000.00 upfront
Insurance0.34% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component23.9% - 24.8% (Int+Fee)
Insurance Component0.6% - 0.8%
Tax Component Range0
Full APR (int fee ins tax dep)24.7% - 25.5%
Transparency Index (min/max)18 - 143
Transparency Index (average)57

Product Summary

5,755
BOB 400 - 5,000
4 - 10
Group Mtgs, Credit Ins, Business Training, Other Training, Salud, Liderazgo
33.6%-36.0% annual, Decl Bal
upfront ongoing
None
None
20.00% ongoing
 
N/A
57.9% - 62.0% (Int+Fee)
0
0 - 0.8%
65.6% - 70.4%
0 - N/A
49

Product Details

Key Statistics
Outstanding portfolio (COP)COP 13,559,302,734
Portfolio (USD)USD 7,450,166.34
Active Clients with Loans2,505
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para cualquier uso o destino que supla las demas necesidades complementarioas de crèdito del microempresario, al igual que para personas asalarias
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 trainingx
OtherFidelizacion
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
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 (BOB)BOB 10,155,070.37
Portfolio (USD)USD 1,504,454.87
Active Clients with Loans5,755
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Los Bancos de Emprendimiento, son créditos destinados a agrupaciones de personas que se asocian por la necesidad e interés en comàºn de contar con un crédito, ahorro y capacitación, para emprender un negocio o desarrollarlo.
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
OtherSalud
Other (2)Liderazgo
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
OtherMujeres deben ser alrededor de un 80%
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 300,000
Maximum loan size65,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term59.0 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
CurrencyBOB
Minimum loan sizeBOB 400
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term10.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest14.40%
Highest quoted nominal interest28.66%
Reason(s) why interest rate variesTime as Client, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1Fee 2
DescriptionComision Centrales de RiesgoComision por Estudio de Credito (cobrado anualmente). No todos los prestamos tienen esta comisio.
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min3,50018,000
Fixed amount - max3,50058,000
Reason for variationSolamente para pocos prestamos de este productoN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de Vida (cobrado anualmente)
% of loan amount - min0.34%
% of loan amount - max0.34%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest2.80%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCargos administrativos por trámite desembolso
% of loan amount - min0
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionCargos administrativos y Formularios
% of loan amount - min0
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited20.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.20%
Maximum interest rate paid1.20%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Los ahorros internos pueden ser retirados para los préstamos internos a cargos de las socias de la Banca Comunal

Full Pricing Data

Consumo Libre Destino samples
Sample 1Sample 2Sample 3
Loan AmountCOP 2,200,000COP 3,400,000COP 7,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-252011-04-132011-04-27
Loan Term (Months)18.0 months24.0 months36.0 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 Component24.8%24.3%23.9%
Insurance Component0.7%0.7%0.8%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.5%25.0%24.7%
Transparency Index575858
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Bancos de Emprendimiento Bolivianos samples
Sample 1Sample 2Sample 3
Loan AmountBOB 2,051.28BOB 2,051.28BOB 2,564.10
Loan Cycle (1, 2, 3, etc)112
Disbursement Date2010-06-122010-06-092010-06-24
Loan Term (Months)4.7 months8.0 months5.6 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 Component62.0%57.9%59.9%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component8.4%7.6%7.7%
Full APR (int fee ins tax dep)70.4%65.6%67.5%
Transparency Index485150
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Consumo Libre Destino 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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