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Institution
Data approved: 2011-08-01
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (COP) | COP 33,528,903,983 |
| Portfolio (USD) | USD 18,422,474.72 |
| Active Clients with Loans | 5,657 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | También se otorgan prestamos a personas jurídicas, donde generalmente firman como garantía personal el representante legal y los socios |
Description
Crèdito dirigido a aquellos clientes que son propietarios de una unidad de negocio o una empresa con mà¬nimo 1 año de antigàŒedad. El destino del crèdito es la financiacià²n de capital de trabajo o compra de activo fijo.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | Persona Jurídica |
| 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 | COP |
| Minimum loan size | COP 5,000,000 |
| Maximum loan size | 61,800,000 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
Grace Period
| Grace period usage | 10% |
| Average grace period | 3.0 months |
Repayment Frequency
| Daily | x |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
Pricing Information
Interest
| Lowest quoted nominal interest | 2.46% |
| Highest quoted nominal interest | 2.46% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 |
|---|
| Description | Comisio Ley Mipyme |
| % of loan amount - min | 5.22% |
| % of loan amount - max | 8.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 | | Ins 2 |
|---|
| Description | Seguro Daños | | Seguro de Deudor - % sobre saldo. |
| % of loan amount - min | 0 | | 4.00% |
| % of loan amount - max | 0.46% | | 4.00% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | Yes | | Yes |
Compulsory Deposit
| Required for | Never |
| Criteria | N/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 deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
FNG - Fondo Nacional de Garantías. Solamente para algunos préstamos de este producto. Esta comisión se cobra sobre el saldo a capital del crédito al cierre de cada mes.
Full Pricing Data
Crédito para muy pequeña Empresa samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | COP 10,500,000 | | COP 60,000,000 | | COP 60,000,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-03-11 | | 2011-04-07 | | 2011-04-28 |
| Loan Term (Months) | 36.0 months | | 24.0 months | | 60.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | |
| Interest and Fee Component | 40.3% | | 34.0% | | 24.5% |
| Insurance Component | 0.4% | | 0.4% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 40.7% | | 34.4% | | 24.5% |
| Transparency Index | 72 | | 86 | | 100 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Crédito para muy pequeña Empresa Price Graphs
