| Number borrowers | 5,657 |
| Loan Amount (range) | COP 5,000,000 - 61,800,000 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 29.5% annual, Decl Bal |
| Fees | 5.22%-8.75% ongoing |
| Insurance | ongoing Y |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 24.5% - 40.3% (Int+Fee) |
| Insurance Component | 0 - 0.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 24.5% - 40.7% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 92 |
| 75 |
| USD 50 - 50,000 |
| 3 - 60 |
| Credit Ins, Tech Asst Visits |
| 15.0%-28.0% annual, Decl Bal |
| 1.00%-2.00% upfront |
| 0.24%-4.80% ongoing |
| None |
| N/A |
| 15.0% - 34.0% |
| 0.9% - 5.5% |
| 0.9% - 1.7% |
| 0 |
| 19.0% - 29.9% |
| 43 - 82 |
| 60 |
| 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% |
| 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 |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 287,198 |
| Portfolio (USD) | USD 287,198 |
| Active Clients with Loans | 75 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
| Currency | COP |
| Minimum loan size | COP 5,000,000 |
| Maximum loan size | 61,800,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| 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 |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | 50,000 |
| Loans less than USD 1,500 | 90% |
| USD 1,500-5,000 | 10% |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 60.0 months |
| Approx average | 31.5 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 60% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
| 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 |
| 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 |
| 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 |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 28.00% |
| Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Gastos Administrativos |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee varies based on loan amount. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.24% |
| % of loan amount - max | 4.80% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| 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 | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 500 | USD 3,000 | USD 4,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-03-06 | 2014-03-06 | 2014-04-01 | ||
| Loan Term (Months) | 10.0 months | 25.0 months | 37.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | USD 44.06 | USD 931 | USD 1,845.87 | ||
| True Price by Comp | |||||
| Interest price component | 15.0% | 25.0% | 27.6% | ||
| Fee Component | 2.3% | 1.7% | 1.3% | ||
| Insurance Component | 1.7% | 1.6% | 1.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 19.0% | 28.3% | 29.9% | ||
| Transparency Index | 79 | 53 | 50 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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