2. Coop San Miguel
Please note that the information you are viewing is 161 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MEDA
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

San Miguel de los Bancos AV. 17 DE JULIO Y JAIME ROLDOSSAN MIGUEL DE LOS BANCOSPichincha
Data approved: 2011-02-09
Data version: 1
Age of data: 161 months

Institution

Microempresas de Antioquia A.C Calle 57A # 48-31Cra 49 # 53-19 Of 401Medellín, Antioquia
Data approved: 2011-08-01
Data version: 1
Age of data: 160 months

Product

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Product

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Product Summary

Number borrowers749
Loan Amount (range)USD 250 - 8,000
Loan Term (range)4 - 30
Other Services (text summary)Credit Ins
Annual Interest & Method15.2% annual, Decl Bal
FeesNone
Insurance6.00% ongoing
TaxNone
Comp Dep9.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component15.4% (Int+Fee)
Insurance Component0.7%
Tax Component Range0
Full APR (int fee ins tax dep)18.7% - 19.2%
Transparency Index (min/max)0 - N/A
Transparency Index (average)79

Product Summary

13,388
COP 300,000 - 51,500,000
1 - 36
Credit Ins, Tech Asst Visits
33.6% annual, Flat
1.00%-4.50% upfront
0.03%-1.08% upfront
None
N/A
 
N/A
31.3% - 33.7% (Int+Fee)
0.6% - 3.0%
0
31.9% - 34.4%
78 - 105
100

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,659,418.25
Portfolio (USD)USD 1,659,418.25
Active Clients with Loans749
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
SE OTORGA A SOCIOS ASALARIADOS, PARA ADQUIRIR BIENES DE CONSUMO Y PAGOS ORIENTADOS A CUBRIR PEQUEÑAS NECESIDADES COMO: COMPRA DE ARTEFACTOS, MUEBLES PARA EL HOGAR, GASTOS DE SALUD, EDUACCIÓN, VACACIONES.
Loan Purpose
Any purposex
Income generation
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
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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 30,852,853,411
Portfolio (USD)USD 16,952,117.26
Active Clients with Loans13,388
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credito ofrecido a Microempresarios y dueños de negocios, para ser invertido en capital de trabajo, activos fijos, y/o reestructuración de pasivos.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherEexcluisivamente para inversiones en su negocio
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
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
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
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size8,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term30.0 months
Approx average20.0 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 300,000
Maximum loan size51,500,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average24.0 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 interest15.20%
Highest quoted nominal interest15.20%
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
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO DE DESGRAVAMEN DOS CABEZAS, CALCULADA SOBRE EL MONTO DEL CREDITO DISTRIBUIDO EN CADA CUOTA
% of loan amount - min6.00%
% of loan amount - max6.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited9.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid2.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
GARANTIA: SOBRE FIRMAS. HASTA $ 5 USD -1 GARANTE; DE $51 A $8 USD -2 GARANTES, SOCIO CON CALIFICACIÓN "A" HASTA $5 SIN GARANTE, DE $ 51 A $ 8 -1 GARANTE.

Pricing Information

Interest
Lowest quoted nominal interest2.80%
Highest quoted nominal interest2.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDescuento ley Mipyme.
% of loan amount - min1.00%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida deudores.
% of loan amount - min0.03%
% of loan amount - max1.08%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Credito de Consumo samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUSD 400USD 1,000USD 2,000USD 4,000USD 8,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-10-062010-09-212010-10-052010-10-122010-09-21
Loan Term (Months)5.0 months10.0 months14.0 months24.0 months32.0 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 Component15.4%15.4%15.4%15.4%15.4%
Insurance Component0.7%0.7%0.7%0.7%0.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component2.6%3.0%3.0%3.1%3.0%
Full APR (int fee ins tax dep)18.7%19.1%19.2%19.2%19.2%
Transparency Index8180797979
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Microcredito Empresarial samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 1,300,000COP 3,500,000COP 7,000,000COP 13,000,000COP 27,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-012011-03-172011-03-312011-03-262011-03-25
Loan Term (Months)18.0 months18.0 months36.0 months36.0 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 Component33.7%33.2%32.3%31.3%33.5%
Insurance Component0.6%0.6%0.9%0.6%0.9%
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)34.4%33.7%33.2%31.9%34.3%
Transparency Index9810010010098
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Credito de Consumo Price Graphs


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Microcredito Empresarial 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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