Fortaleza Fondo Financiero Privado S.A. - Auto Hoy - MFTransparency.org Truth In Lending Tables

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Institution

Fortaleza Fondo Financiero Privado S.A. Av. Arce No, 2799 esq. CorderoLa Paz

Data approved: 2010-10-28

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 11,176,252
Portfolio (USD)	USD 1,631,569.64
Active Clients with Loans	368
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Dotación de vehículo para uso particular o como herramienta de trabajo.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan	x
Agriculture
Education
Other household finance
Other	Activo Fijo
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
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

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	BOB
Minimum loan size	BOB 7,000
Maximum loan size	70,000

Loan Term and Grace Period

Shortest loan term	36.0 months
Longest loan term	84.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.88%
Highest quoted nominal interest	1.88%
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	No

Upfront Fees

This product has no upfront fees

Ongoing Fees

	Fee 1
Description	Seguro de Desgravamen
% of loan amount - min	0.42%
% of loan amount - max	0.84%
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 fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Are taxes charged on this product?

Full Pricing Data

Auto Hoy samples

	Sample 1	Sample 2	Sample 3
Loan Amount	BOB 22,000	BOB 30,000	BOB 35,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-05-13	2010-08-09	2010-05-17
Loan Term (Months)	36.0 months	60.0 months	36.0 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	23.2%	23.2%	23.2%
Insurance Component	0.0%	0.0%	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)	23.2%	23.2%	23.2%
Transparency Index	97	97	97

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Auto Hoy Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACB-SA	4,335	1,476,288	6	137
Comicoka	827	758,435	4	137
COOJAD	511	823,215	6	137
COOPEDU	2,029	7,549,835	9	137
Duterimbere	6,607	4,365,044	3	137
Goshen	2,076	3,716,008	5	154
Inkingi	2,648	2,593,366	5	154
RML	4,960	3,473,781	3	137
UCU	3,391	1,603,524	4	137
Urwego	37,900	14,755,000	6
Vision Finance	14,226	3,474,646	6	154
Wisigara	2,177	904,708	3	137
Zamuka	253	124,445	3	137
Zigama CSS	53,806	59,670,753	2	154

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

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Total Borrrowers of Samples


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By Country

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