2. FUNDESMAG
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  2. SFPI
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACION ECOPETROL PARA EL DESARROLLO DEL MAGDALENA MEDIO carrera 27 Nº 44 -41BARRANCABERMEJA, SANTANDER
Data approved: 2011-03-15
Data version: 1
Age of data: 160 months

Institution

Specialised Financial and Promotional Institution Bole Sub CityAddis AbabaPO Box 10689
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1997
Head of InstitutionElsy Isabel Machacado Sarmiento
Regions active
# Branches5

Total Portfolio (nat'l)COP 2,655,012,668
Total Portfolio (USD)USD 1,458,798.17
Active clients with loans1,240
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
FundersEMPRESA COLOMBIANA DE PETROLEOS - ECOPETROL

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1997
Head of InstitutionMr Solomon W.Giorgis
Regions active
# Branches10

Total Portfolio (nat'l)ETB 50,807,161
Total Portfolio (USD)USD 2,761,258.75
Active clients with loans33,342
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI
FundersTerrafina Microfinance, SOS Faim, CIDR, UNCDF

Loan Products » Summary

Individual
833 Borrowers
USD 1,443,660.01 Portfolio
Active Product
Solidaria
192 Borrowers
USD 254,763.53 Portfolio
Active Product

Loan Products » Summary

Group
32,000 Borrowers
USD 2,608,695.65 Portfolio
Active Product
Individual
1,500 Borrowers
USD 130,434.78 Portfolio
Active Product
Youth Loan
100 Borrowers
USD 10,869.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Linea Individual COP 515,000 - 40,000,000 1 - 36 40% - 60% 80% - 100% Business, Capital de Trabajo, Compra de Activos Women, Men, Have business, Codeudor con Finca Raiz, Codeudor asalariado o independiente Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Ruedas de Negocio
Solidaria COP 200,000 - 12,580,000 1 - 36 40% - 60% 80% - 100% Business, Capital de Trabajo, Compra de Activos Women, Men, Have business, Have home or land, Codeudor con Finca Raiz, Codeudor asalariado o independiente Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Ruedas de Negocio

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan ETB 100 - 30,000 12 - 30 40% - 60% 40% - 60% Any Purpose Women, Men Credit Educ, Group Mtgs
Individual Loan ETB 10,000 - 120,000 12 - 30 40% - 60% 80% - 100% Any Purpose Women, Men Credit Educ, Business Training
Youth Loan Product ETB 5,000 - 30,000 12 - 24 20% - 40% 80% - 100% Business Women, Men, Specific age group Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Linea Individual 24.0% annual, Decl Bal 2 Fees 1 Ins None N/A 29% - 37.5% 29.7% - 38.2% 73
Solidaria 24.0% annual, Decl Bal 2 Fees 1 Ins None N/A 30.5% - 40.3% 31.2% - 41% 69

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Linea Individual 24.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 29% - 37.5% 29.7% - 38.2% 73
Solidaria 24.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 30.5% - 40.3% 31.2% - 41% 69

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50
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