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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months
Key Statistics
| Outstanding portfolio (USD) | USD 468,714.90 |
| Portfolio (USD) | USD 468,714.90 |
| Active Clients with Loans | 418 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Credito destinado a financiar actividades de consumo en pequena escala cuya fuente principal de repago lo constituye los ingresos provenientes de sueldos, salarios e ingresos permanentes de pensiones u honorarios profesionales.
Loan Purpose
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 15,000 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 48.0 months |
| Approx average | 19.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 13.80% |
| Highest quoted nominal interest | 13.80% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Seguro de Desgravamen | | Seguro de Vida y Seguro de Accidentes Personales (prima anual) |
| % of loan amount - min | 4.00% | | 0 |
| % of loan amount - max | 4.00% | | 0 |
| OR, Fixed amount - min | 0 | | 12 |
| Fixed amount - max | 0 | | 12 |
| Reason for variation | | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Some |
| Criteria | No se requiere cuando se firman convenios con instituciones |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 6.70% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Acceden a este tipo de credito las personas que reportan en el buro de credito calificaciones de hasta B.
Full Pricing Data
Consumo samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | USD 400 | | USD 1,000 | | USD 2,000 | | USD 4,000 | | USD 4,727 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2010-05-18 | | 2010-04-26 | | 2010-05-28 | | 2010-04-29 | | 2010-05-28 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 15.0 months | | 48.0 months | | 37.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | | | | | |
| Interest and Fee Component | 14.0% | | 15.2% | | 14.0% | | 15.2% | | 14.0% |
| Insurance Component | 5.5% | | 2.3% | | 1.0% | | 0.2% | | 0.2% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 2.5% | | 2.0% | | 1.6% | | 1.5% | | 1.4% |
| Full APR (int fee ins tax dep) | 22.0% | | 19.5% | | 16.5% | | 16.9% | | 15.6% |
| Transparency Index | 63 | | 71 | | 84 | | 81 | | 88 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
