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. Meanwood
Please note that the information you are viewing is 157 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

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 157 months

Product

Credito Pymes Product 4 of 7 « Prev | Next »

Product

Salary Advance Product 4 of 5 « Prev | Next »

Product Summary

Number borrowers955
Loan Amount (range)COP 12,440,000 - 300,000,000
Loan Term (range)6 - 59
Other Services (text summary)Programa Afinidad (tarjeta club finamigos)
Annual Interest & Method20.9%-21.6% annual, Decl Bal
Feesupfront 3,500.00 upfront
Insurance0.34% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component13.7% - 23.1% (Int+Fee)
Insurance Component0.6% - 0.8%
Tax Component Range0
Full APR (int fee ins tax dep)14.5% - 23.8%
Transparency Index (min/max)18 - 143
Transparency Index (average)100

Product Summary

374
ZMK 100,000 - 5,000,000
1
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
276.0% annual, Flat
None
None
None
N/A
 
N/A
270.3% - 280.2% (Int+Fee)
0
0
270.3% - 280.2%
41 - 102
100

Product Details

Key Statistics
Outstanding portfolio (COP)COP 27,674,508,960
Portfolio (USD)USD 15,205,774.15
Active Clients with Loans955
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito para las Pequeñas y Medianas Empresas la financiación de materia prima, insumos, inventarios, gastos operativos y de funcionamiento, maquinaria y equipos, vehículo de uso productivo, compra ó adecuación de bodegas ó locales.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCompra de mercancías, insumos, adquisición de maqu
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherPrograma Afinidad (tarjeta club finamigos)
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
OtherPersonas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore
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 (ZMK)ZMK 326,000,000
Portfolio (USD)USD 62,995.17
Active Clients with Loans374
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Loan product for salaried workers specifically for one month repayment period.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 12,440,000
Maximum loan size300,000,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term59.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 100,000
Maximum loan size5,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term1.0 month
Approx average1.0 month
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest20.85%
Highest quoted nominal interest21.60%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o 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
DescriptionCIFINComision por consulta de centrales de riesgo
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min03,500
Fixed amount - max50,0003,500
Reason for variationN/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

Pricing Information

Interest
Lowest quoted nominal interest23.00%
Highest quoted nominal interest23.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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

Full Pricing Data

Credito Pymes samples
Sample 1Sample 2Sample 3
Loan AmountCOP 15,000,000COP 25,000,000COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-282011-04-202011-04-30
Loan Term (Months)36.0 months36.0 months48.0 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 Component23.1%20.3%13.7%
Insurance Component0.8%0.8%0.8%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)23.8%21.0%14.5%
Transparency Index8799100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Salary Advance samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountZMK 500,000ZMK 600,000ZMK 800,000ZMK 850,000ZMK 1,000,000ZMK 1,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-272011-06-012011-06-032011-06-212011-06-172011-06-21
Loan Term (Months)1.0 month1.0 month1.0 month1.0 month1.0 month1.0 month
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component270.3%280.2%270.3%280.2%270.3%280.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)270.3%280.2%270.3%280.2%270.3%280.2%
Transparency Index100981009810098
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Credito Pymes Price Graphs


Click to view Price Analysis Tool
Salary Advance Price Graphs


Click to view Price Analysis Tool
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞