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Institution

Cooperativa Luz Del Valle Av. Abdon calderon 524 e ines gangotenaConcepcion y Santa Rita esquinaSangolqui, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 112 months

Product

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Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,200,000
Portfolio (USD)USD 3,200,000
Active Clients with Loans1,400
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
crédito destinado para microempresarios que necesiten capital de trabajo, compra de activos, o cualquier inversion del negocio desde $1,500 a $10,000
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de tyrabajo, compra de activos, pago de de
Other (2)Actividades inherentes al negocio
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
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
Otherexistencia minima del negocio de un año
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
CurrencyUSD
Minimum loan sizeUSD 1,500
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average11.0 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

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest25.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.25%
Maximum interest rate paid1.25%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
los intereses a los ahorros se pagan sobre los $5 dolares de saldo

Full Pricing Data

Microluz samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,000USD 4,000USD 8,000
Loan Cycle (1, 2, 3, etc)2Not Known6
Disbursement Date2010-07-072010-07-262010-07-02
Loan Term (Months)5.0 months24.0 months12.0 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 Component25.3%20.3%20.3%
Insurance Component0.3%0.3%0.3%
Tax Component0.0%0.0%0.0%
Deposit Component2.7%2.2%2.2%
Full APR (int fee ins tax dep)28.4%22.8%22.8%
Transparency Index678383
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microluz Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
AgroCapital21,90016,894,00011113
ANED5,4006,579,000371
Banco FIE231,100569,322,000671
BancoSol215,300861,418,0003071
CIDRE8,500126,578,000871
Coop Fatima6,30044,280,0007113
CRECER166,900134,626,0001371
Diaconia67,00085,734,000271
Ecofuturo59,200226,839,000571
EMPRENDER8,7002,380,0003113
Fassil FFP57,600325,081,000571
FONCRESOL3,9009,573,000371
FONDECO14,20024,274,000371
Fortaleza20,100164,530,0001371
FUBODE29,40024,444,000771
FUNBODEM8,60015,798,000971
IDEPRO10,40040,479,000271
IMPRO2,4002,885,000471
ProCredit84,300257,487,0008113
PRODEM44,90062,529,000471
ProMujer BOL115,20050,753,000371
Sartawi14,60026,842,000871
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
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