2. Fortaleza
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 123 months
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.grupofortaleza.com.bo/
Year established2002
Head of InstitutionNelson Hinojosa Jimenez
Regions activeChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija
# Branches7

Total Portfolio (nat'l)BOB 1,120,213,180
Total Portfolio (USD)USD 165,957,508.10
Active clients with loans21,147
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliationsASOFIN
Funders

Loan Products » Summary

Anticrédito
95 Borrowers
USD 499,392.15 Portfolio
Active Product
Dinero Hoy
2,823 Borrowers
USD 6,100,231.85 Portfolio
Active Product
Linea
2,718 Borrowers
USD 14,907,731.41 Portfolio
Active Product
Tasa 0
2,690 Borrowers
USD 16,320,515.11 Portfolio
Active Product
Expreso
196 Borrowers
USD 2,015,204.89 Portfolio
Active Product
Hipotecario
530 Borrowers
USD 11,239,311.26 Portfolio
Active Product
Vehículo
151 Borrowers
USD 2,703,121.78 Portfolio
Active Product
Consumo
2,546 Borrowers
USD 14,443,357.93 Portfolio
Active Product
Operaciones
3,990 Borrowers
USD 32,908,317.33 Portfolio
Active Product
Inversión
4,344 Borrowers
USD 63,268,850.07 Portfolio
Active Product
Auto Hoy
42 Borrowers
USD 113,868 Portfolio
Low Volume Product
Fortaleza
1 Borrowers
USD 798.07 Portfolio
Low Volume Product
Mejoras
5 Borrowers
USD 10,081.63 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Anticrédito Hoy BOB 15,000 - 140,000 25 - 62 40% - 60% 60% - 80% Business, Activo Fijo Women, Men, Have business, Salaried worker Credit Ins
Dinero Hoy BOB 15,000 - 30,000 6 - 50 40% - 60% 60% - 80% Any Purpose Women, Men, Have business, Salaried worker Credit Ins
Linea de Credito Optima BOB 14,000 - 140,000 27 - 118 20% - 40% 60% - 80% Any Purpose Women, Men, Have business, Salaried worker Credit Ins
Crédito Tasa 0 BOB 1,440 - 35,000 24 - 61 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito Capital Expreso BOB 70,000 - 350,000 5 - 69 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito Hipotecario de Vivienda BOB 70,000 - 14,000,000 24 - 305 0% - 20% 60% - 80% Vivienda Women, Men, Have business, Salaried worker Credit Ins
Crédito Vehículo Nuevo BOB 40,000 - 700,000 49 - 98 20% - 40% 60% - 80% Uso particular compra vehiculo nuevo Women, Men, Salaried worker Credit Ins
Crédito de Consumo BOB 16,000 - 600,000 1 - 152 20% - 40% 60% - 80% Any Purpose Women, Men, Salaried worker Credit Ins
Crédito para Capital de Operaciones BOB 16,000 - 350,000 3 - 119 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito para Capital de Inversión BOB 16,000 - 350,000 3 - 244 20% - 40% 60% - 80% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Anticrédito Hoy 20.0% annual, Decl Bal 0 Fees 1 Ins None N/A 20.1% 21% 96
Dinero Hoy 22.0% annual, Decl Bal 0 Fees 1 Ins None N/A 22.1% 22.9% 96
Linea de Credito Optima 21.6% annual, Decl Bal 0 Fees 1 Ins None N/A 21.7% 22.5% 96
Crédito Tasa 0 19.0% annual, Decl Bal 0 Fees 1 Ins None N/A 19.1% 20% 95
Crédito Capital Expreso 15.5% annual, Decl Bal 0 Fees 1 Ins None N/A 15.2% - 17.9% 16% - 20% 59
Crédito Hipotecario de Vivienda 11.0%-18.5% annual, Decl Bal 0 Fees 1 Ins None N/A 15.3% - 18.6% 16.4% - 19.5% 43
Crédito Vehículo Nuevo 12.0% annual, Decl Bal 0 Fees 1 Ins None N/A 12.1% 13% 62
Crédito de Consumo 17.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 17.1% - 27.6% 18% - 28.4% 100
Crédito para Capital de Operaciones 18.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 18.6% - 27.6% 19.5% - 28.4% 100
Crédito para Capital de Inversión 18.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 18.1% - 27.6% 19% - 27.8% 100
Institution Price Graph
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  2. Equitas
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Singhivi Investment & Finance Pvt. Ltd. 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2013-02-20
Data version: 3
Age of data: 133 months
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Product

First Cycle Loan Product 17 of 18 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,500,000,000
Portfolio (USD)USD 66,037,735.85
Active Clients with Loans590,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Primary microcredit loan given under the JLG model for the purpose of capital infusion into new members for existing business
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product5
Regions ActiveGujarat, Madhya Pradesh, Rajasthan, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size18,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00050%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term24.0 months
Approx average24.0 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 months10%
Longer than 18 months90%
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.50%
Highest quoted nominal interest25.50%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionTerm Life Insurance
% of loan amount - min1.46%
% of loan amount - max1.46%
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

First Cycle Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-282013-02-28
Loan Term (Months)24.0 months24.0 months17.0 months
Grace Period (Months)0.1 months0.1 months0.0 months
Total Cost of CreditINR 3,609.83INR 3,684.83INR 2,652.83
True Price by Comp     
Interest price component25.1%25.0%25.3%
Fee Component1.1%1.0%1.4%
Insurance Component1.6%1.6%2.2%
Tax Component0.1%0.1%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.9%27.7%29.1%
MFIN MFI Earning (Annualised)26.2%26.0%26.7%
MFIN Cost to Borrower (Annualised)27.9%27.7%29.1%
Transparency Index919288
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
First Cycle 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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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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