Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 129 months
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Institution

FINCA AZE J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2010-05-24
Data version: 1
Age of data: -   months 

Product

Crédito de Consumo Product 11 of 13 « Prev | Next »

Product

SME Loan (USD) Product 4 of 8 « Prev | Next »

Product Summary

Number borrowers2,546
Loan Amount (range)BOB 16,000 - 600,000
Loan Term (range)1 - 152
Other Services (text summary)Credit Ins
Annual Interest & Method17.0%-27.5% annual, Decl Bal
FeesNone
Insurance1.40%-1.46% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component12.1% - 27.6%
Fee Component0
Insurance Component0.2% - 2.1%
Tax Component Range0
Full APR (int fee ins tax dep)18.0% - 28.4%
Transparency Index (min/max)8 - 1062
Transparency Index (average)100

Product Summary

813
USD 5,000 - 50,000
3 - 24
0.0% annual, 0
2.00%-3.00% upfront
None
None
N/A
 
N/A
29.5% - 0 (Int+Fee)
0
0
29.5% - 40.9%
0 - 92
0

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 97,492,666
Portfolio (USD)USD 14,443,357.93
Active Clients with Loans2,546
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es un prestamo de libre disponibilidad
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 institution6
# Regions for this product6
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (USD)USD 4,049,392.69
Portfolio (USD)USD 4,049,392.69
Active Clients with Loans813
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
A loan for individual small and medium enterpreneurs engaged in trade, services and production
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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
CurrencyBOB
Minimum loan sizeBOB 16,000
Maximum loan size600,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,0000
BOB 10,000-40,00030%
BOB 40,000-70,00050%
BOB 70,000-100,0005%
BOB 100,000-125,0005%
Greater than BOB 125,0005%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term152.0 months
Approx average52.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
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
CurrencyUSD
Minimum loan sizeUSD 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average19.8 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 interest1.42%
Highest quoted nominal interest2.29%
Reason(s) why interest rate variesCollateral
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
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
% of loan amount - min1.40%
% of loan amount - max1.46%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLa comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente.
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest36.00%
Interest rate period
Interest Rate Calculation Method0
Subsidized by funder request?N/A
Is rate fixed for entire loan termN/A
Upfront Fees
Fee 1
Descriptioncommission fee
% of loan amount - min2.00%
% of loan amount - max3.00%
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
This product has no upfront insurance fees
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

Crédito de Consumo samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountBOB 21,000BOB 30,000BOB 42,000BOB 43,000BOB 55,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-09-182013-09-182014-01-082014-01-082014-01-08
Loan Term (Months)36.0 months36.0 months36.0 months36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditBOB 6,626.53BOB 14,820.68BOB 12,495.25BOB 16,734.28BOB 26,637.62
True Price by Comp         
Interest price component18.1%27.6%17.1%22.1%27.1%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.9%0.8%0.9%0.8%0.8%
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)19.0%28.4%18.0%22.9%27.9%
Transparency Index100100100100100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

SME Loan (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 8,000USD 10,000USD 15,000
Loan Cycle (1, 2, 3, etc)331
Disbursement Date2009-12-292009-12-042009-12-08
Loan Term (Months)18.0 months23.0 months24.0 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 Component40.9%29.6%29.5%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.9%29.6%29.5%
Transparency Index000
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Crédito de Consumo Price Graphs


SME Loan (USD) 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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