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

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 159 months

Product

Credito Individual Nuevo y Renovado Product 3 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)COP 100,142,000,000
Portfolio (USD)USD 55,023,076.92
Active Clients with Loans23,954
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito mediante el cual el empresario obtiene fácilmente crédito para: compra de mercancías, insumos, adquisición de maquinaria, equipos, muebles, enseres y vehículo de uso productivo, compra o mejora del local.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
OtherPrograma Afinidad
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 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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 772,000
Maximum loan size83,430,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term59.0 months
Approx average32.0 months
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

Pricing Information

Interest
Lowest quoted nominal interest8.00%
Highest quoted nominal interest29.57%
Reason(s) why interest rate variesTime as Client, Client Risk, Clientes cuyos pagos de obligacion han sido siempre al dia, al igual que cliente que tomen lineas de redescuento de bancoldex.
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 ley MipymeComision por consulta centrales de Riesgo + IVA (No todos)
% of loan amount - min4.50%0
% of loan amount - max7.50%0
OR, Fixed amount - min00
Fixed amount - max03,500
Reason for variationQue se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmenteN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida por el monto desembolsado
% 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
Additional Comments
Se debe aclarar que la comision de seguro de vida es del 3.422 por cada $1. pesos prestados

Full Pricing Data

Credito Individual Nuevo y Renovado samples
Sample 1Sample 2Sample 3
Loan AmountCOP 2,500,000COP 3,500,000COP 7,400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-302011-04-302011-04-19
Loan Term (Months)6.0 months12.0 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 Component43.1%44.3%41.2%
Insurance Component0.6%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)43.8%45.1%42.0%
Transparency Index181819
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credito Individual Nuevo y Renovado Price Graphs


Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressn/a
Year established2008
Head of InstitutionAmadu Montia
Regions activeNorthern Region
# Branches2

Total Portfolio (nat'l)GHS 1,905,561.29
Total Portfolio (USD)USD 967,289.99
Active clients with loans5,143
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
FundersMiDA

Loan Products » Summary

61 Borrowers
USD 167,512.69 Portfolio
Active Product
5,082 Borrowers
USD 799,777.16 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Support Loan GHS 1,000 - 30,000 1 - 3 0% - 20% 80% - 100% Business Women, Men, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Group Loan GHS 100 - 1,000 4 80% - 100% 80% - 100% Business Women, Have business, Must be a group member and must have lived in the community for at least one year, Must have group guarantee Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins None 10.00% upfront 63.1% 75.6% 47
Institution Price Graph
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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