Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACION DE AYUDA MICROEMPRESARIAL Av. 12 de Octubre N 18-42 y Queseras del MedioQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fundamic.org/
Year established1995
Head of InstitutionSalomón Caicedo
Regions active
# Branches2

Total Portfolio (nat'l)USD 1,506,920
Total Portfolio (USD)USD 1,506,920
Active clients with loans2,270
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsRed Financiera Rural, Red Internacional de Instituciones Financieras Alternativas INAFI, Consorcio Etimos
FundersETIMOS ITALIA, CRESUD ITALIA, OIKOCREDIT HOLANDA, FINANZAS POPULARES ECUADOR

Loan Products » Summary

1,174 Borrowers
USD 345,798 Portfolio
Active Product
860 Borrowers
USD 1,122,574 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
CREDITO GRUPOS SOLIDARIOS USD 300 - 2,000 3 - 18 60% - 80% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
CREDITO INDIVIDUAL USD 600 - 3,000 3 - 24 60% - 80% 0% - 20% Business, Capital de Trabajo Women, Men, Have business Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CREDITO GRUPOS SOLIDARIOS 23.9% annual, Decl Bal 1 Fee 0 Ins None 7.0% upfront 7.00% ongoing 22.4% - 23.6% 38.4% - 39.6% 61
CREDITO INDIVIDUAL 13.0%-29.1% annual, Decl Bal 1 Fee 0 Ins None N/A 29.5% 36.7% - 37.4% 35
Institution Price Graph
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Daan sa Pag-Unlad, Inc. 17 Gallardo St.CataningBalanga City, Bataan2100
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

Agriculture Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 4,400,000
Portfolio (USD)USD 105,263.16
Active Clients with Loans131
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Credit extended to members for use in palay production
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 insurancex
Workplace visits
Business training
Other training
OtherFormation Program
Other (2)Provision of Social Services (medical mission, etc.)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherInvolved in palay production
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
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
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 1Ins 2
DescriptionCrop InsuranceCredit-Life Insurance
% of loan amount - min6.52%0
% of loan amount - max6.52%0
OR, Fixed amount - min0370
Fixed amount - max0370
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited5.00%
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
CBU deposited at the end of the loan term and can be withdrawn if no longer availing of a loan from the institution. Interest on savings computed upon resignation.Insurance: member has option to ensure family members.

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 20,000PHP 30,000PHP 70,000PHP 100,000PHP 115,000
Loan Cycle (1, 2, 3, etc)41421
Disbursement Date2011-06-072011-07-222011-04-052011-04-262010-09-20
Loan Term (Months)6.0 months6.0 months5.0 months5.0 months5.0 months
Grace Period (Months)6.0 months0.0 months5.0 months5.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component41.6%41.3%43.1%43.1%43.1%
Insurance Component29.7%26.4%9.3%9.1%28.3%
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)71.3%67.8%52.5%52.2%71.4%
Transparency Index4547616145
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agriculture Loan Price Graphs


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# Countries
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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