2. FUNDESAN
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. Actuar Quindio
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

Institution

FUNDESAN BucaramangaBucaramanga
Data approved: 2011-08-01
Data version: 1
Age of data: 160 months

Institution

Corporación Accion por el Quindio "Actuar Famiempresas" Calle 16 Nº 13 - 13Armenia, Quindio
Data approved: 2011-08-01
Data version: 1
Age of data: 160 months

Product

IDESAN APOYA A LAS MIPYMES EN SANTANDER Product 5 of 5 « Prev | Next »

Product

Activos Fijos Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers200
Loan Amount (range)COP 2,000,000 - 20,000,000
Loan Term (range)12 - 48
Other Services (text summary)
Annual Interest & Method21.0% annual, Decl Bal
Fees2.50%-4.50% upfront
Insurance0.50% upfront 1,000.00-3,000.00 ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component22.5% - 24.3% (Int+Fee)
Insurance Component1.0% - 5.3%
Tax Component Range0
Full APR (int fee ins tax dep)23.5% - 25.8%
Transparency Index (min/max)46 - 94
Transparency Index (average)84

Product Summary

351
COP 1,000,000 - 61,800,000
6 - 36
Credit Ins, Tech Asst Visits, Business Training, Other Training, Acompañamiento en los procesos de comercialización
29.4% annual, Decl Bal
4.00%-7.50% ongoing
25.00% upfront
None
N/A
 
N/A
19.8% - 36.7% (Int+Fee)
0.2% - 0.6%
0
20.3% - 37.3%
79 - 145
100

Product Details

Key Statistics
Outstanding portfolio (COP)COP 1,000,000,000
Portfolio (USD)USD 549,450.55
Active Clients with Loans200
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Operar un fondo rotatorio de credito , destinado a apoyar el fortalecimiento y emprendimiento de mipymes con el fin de promoveer la generacion de empleo y el fortalecimiento de sus unidades economicas
Loan Purpose
Any purpose
Income generationx
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 training
Other
Other (2)
No other servicesx
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

Product Details

Key Statistics
Outstanding portfolio (COP)COP 764,580,704
Portfolio (USD)USD 420,099.29
Active Clients with Loans351
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Prestamo que tiene como objetivo la compra de activos fijos.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
OtherActivos Fijos
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherAcompañamiento en los procesos de comercialización
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 2,000,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term48.0 months
Approx average36.0 months
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
CurrencyCOP
Minimum loan sizeCOP 1,000,000
Maximum loan size61,800,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average25.0 months
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 paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.75%
Highest quoted nominal interest1.75%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionTrámite Mipyme
% of loan amount - min2.50%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro 5000 por millo por año
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionFondo de Solidaridad y Seguro
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
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 interest2.45%
Highest quoted nominal interest2.45%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionEstudio de Credito anual diferido en los meses del prestamo (No todos)
% of loan amount - min4.00%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionSeguro de Vida o incapacidad por el monto del credito desembolsado (0.25% per annum)
% of loan amount - min25.00%
% of loan amount - max25.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

IDESAN APOYA A LAS MIPYMES EN SANTANDER samples
Sample 1Sample 2Sample 3
Loan AmountCOP 3,500,000COP 7,000,000COP 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-02-242011-03-092011-02-10
Loan Term (Months)24.0 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 Component24.3%24.1%22.5%
Insurance Component1.5%1.2%1.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.8%25.3%23.5%
Transparency Index828389
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Activos Fijos samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 3,419,000COP 6,800,000COP 13,000,000COP 32,479,927COP 50,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-01-282011-01-242011-01-142011-02-012011-04-30
Loan Term (Months)30.0 months36.0 months36.0 months26.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component36.2%36.7%20.4%23.6%19.8%
Insurance Component0.6%0.6%0.2%0.6%0.5%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)36.8%37.3%20.6%24.2%20.3%
Transparency Index8079100100100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
IDESAN APOYA A LAS MIPYMES EN SANTANDER 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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