| Number borrowers | 23,954 |
| Loan Amount (range) | COP 772,000 - 83,430,000 |
| Loan Term (range) | 1 - 59 |
| Other Services (text summary) | Credit Educ, Credit Ins, Programa Afinidad |
| Annual Interest & Method | 8.0%-29.6% annual, Decl Bal |
| Fees | 4.50%-7.50% upfront upfront |
| Insurance | 0.34% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 41.2% - 44.3% (Int+Fee) |
| Insurance Component | 0.6% - 0.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 42.0% - 45.1% |
| Transparency Index (min/max) | 18 - 143 |
| Transparency Index (average) | 18 |
| 35 |
| ZMK 4,500,000 - 7,000,000 |
| 3 - 12 |
| Other Training |
| 60.0% annual, Flat |
| 4.00% upfront 50,000.00 upfront |
| 3,770.00-8,970.00 upfront 1.16%-1.66% upfront |
| None |
| 25.0% upfront |
| N/A |
| 110.8% - 119.4% (Int+Fee) |
| 4.8% - 23.6% |
| 0 |
| 180.1% - 205.1% |
| 15 - 55 |
| 30 |
| Outstanding portfolio (COP) | COP 100,142,000,000 |
| Portfolio (USD) | USD 55,023,076.92 |
| Active Clients with Loans | 23,954 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Capital de Trabajo |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Programa Afinidad |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (ZMK) | ZMK 129,300,000 |
| Portfolio (USD) | USD 24,985.51 |
| Active Clients with Loans | 35 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | COP |
| Minimum loan size | COP 772,000 |
| Maximum loan size | 83,430,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 59.0 months |
| Approx average | 32.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | ZMK |
| Minimum loan size | ZMK 4,500,000 |
| Maximum loan size | 7,000,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 10% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 8.00% |
| Highest quoted nominal interest | 29.57% |
| Reason(s) why interest rate varies | Time 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 period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | No |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Comision ley Mipyme | Comision por consulta centrales de Riesgo + IVA (No todos) | |
| % of loan amount - min | 4.50% | 0 | |
| % of loan amount - max | 7.50% | 0 | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 3,500 | |
| Reason for variation | Que se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmente | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de vida por el monto desembolsado |
| % of loan amount - min | 0.34% |
| % of loan amount - max | 0.34% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application Fee | |
| % of loan amount - min | 4.00% | 0 | |
| % of loan amount - max | 4.00% | 0 | |
| OR, Fixed amount - min | 0 | 50,000 | |
| Fixed amount - max | 0 | 50,000 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Funeral Expense rider | Credit Life | |
| % of loan amount - min | 0 | 1.16% | |
| % of loan amount - max | 0 | 1.66% | |
| OR, Fixed amount - min | 3,770 | 0 | |
| Fixed amount - max | 8,970 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 25.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 2,500,000 | COP 3,500,000 | COP 7,400,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-04-30 | 2011-04-30 | 2011-04-19 | ||
| Loan Term (Months) | 6.0 months | 12.0 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 | 43.1% | 44.3% | 41.2% | ||
| Insurance Component | 0.6% | 0.7% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 43.8% | 45.1% | 42.0% | ||
| Transparency Index | 18 | 18 | 19 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ZMK 4,500,000 | ZMK 5,000,000 | ZMK 5,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-04-28 | 2011-05-13 | 2011-04-20 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 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 | 119.4% | 119.0% | 110.8% | ||
| Insurance Component | 5.5% | 7.7% | 4.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 77.2% | 78.5% | 64.5% | ||
| Full APR (int fee ins tax dep) | 202.1% | 205.1% | 180.1% | ||
| Transparency Index | 30 | 29 | 33 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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