Institution

INSOTEC Juan León Mera N24-12 y WilsonQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Institution

Cooperativa de Ahorro y Credito 4 de Octubre Ltda Avda. Atahualpa s/n via a BañosAvda. Cordovez y Juan LarreaRiobamba, Chimborazo06-01-1471
Data approved: 2011-11-01
Data version: 1
Age of data: 163 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.insotec-ec.com/
Year established1980
Head of InstitutionJosé Lanusse
Regions active
# Branches4

Total Portfolio (nat'l)USD 6,252,818
Total Portfolio (USD)USD 6,252,818
Active clients with loans7,244
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsRed Financiera Rural
FundersSISTEMA NACIONAL MICROFINANZAS, SYMBIOTICS, TRIODOS, ETIMOS

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established1996
Head of InstitutionYolanda Haro Davila
Regions active
# Branches7

Total Portfolio (nat'l)USD 7,934,963.10
Total Portfolio (USD)USD 7,934,963.10
Active clients with loans2,059
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsRed Financiera Rural, Ucaccentro
FundersRed Financiera Rural, Ucaccentro

Loan Products » Summary

3,966 Borrowers
USD 3,443,769.36 Portfolio
Active Product
2,808 Borrowers
USD 2,504,087.79 Portfolio
Active Product
58 Borrowers
USD 26,695.01 Portfolio
Active Product
172 Borrowers
USD 73,328.71 Portfolio
Active Product

Loan Products » Summary

293 Borrowers
USD 88,635 Portfolio
Active Product
2,001 Borrowers
USD 5,683,091 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
CrediAgro USD 300 - 10,000 4 - 30 40% - 60% 0% - 20% Business, Mejora Local Women, Men, Have business Credit Ins
CrediSimple USD 300 - 10,000 4 - 30 40% - 60% 60% - 80% Business, Solo para capital de Trabajo, Activo Fijo,Mejora Local Women, Men, Have business Credit Ins
Emergente USD 250 - 1,800 3 - 5 20% - 40% 0% - 20% Business, Other, Usar solo para capital de trabajo Women, Men, Have business, Have home or land Credit Ins
SINCO USD 300 - 1,000 3 - 8 40% - 60% 20% - 40% Business, Usar solo para capital de trabajo Women, Men, Have business, Have home or land, Propietario de Terreno Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Credi - Emergente USD 200 - 500 3 - 8 40% - 60% 40% - 60% Any Purpose Women, Men, Have business, Have home or land, Salaried worker, Hacer un ahorro mensual de minimo 10,00 mensuales durante 1 año.
Microcredito USD 100 - 20,000 1 - 48 80% - 100% 60% - 80% Business Women, Men, Have business, Have home or land, Salaried worker Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CrediAgro 22.3%-26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 24.8% - 27.3% 28% - 30.5% 75
CrediSimple 24.5%-29.9% annual, Decl Bal 0 Fees 1 Ins None N/A 24.8% - 27.3% 28.1% - 30.4% 83
Emergente 24.5%-26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.2% - 27.3% 30% - 30.3% 81
SINCO 24.5%-26.9% annual, Decl Bal 1 Fee 0 Ins None N/A 27.2% - 27.3% 30.3% - 30.4% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Credi - Emergente 19.0% annual, Decl Bal 0 Fees 1 Ins None 10.00 ongoing 0% 0% N/A
Microcredito 18.0% annual, Decl Bal 0 Fees 1 Ins None 5.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CrediAgro 22.3%-26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 24.8% - 27.3% 28% - 30.5% 75
CrediSimple 24.5%-29.9% annual, Decl Bal 0 Fees 1 Ins Ins None N/A 24.8% - 27.3% 28.1% - 30.4% 83
Emergente 24.5%-26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.2% - 27.3% 30% - 30.3% 81
SINCO 24.5%-26.9% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.2% - 27.3% 30.3% - 30.4% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Credi - Emergente 19.0% annual, Decl Bal 0 Fees 1 Ins Ins None 10.00 ongoing 0% 0% N/A
Microcredito 18.0% annual, Decl Bal 0 Fees 1 Ins Ins None 5.00 ongoing 0% 0% N/A
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Loan Portfolio (USD)
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