2. FUNDESAN
Please note that the information you are viewing is 161 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCA
Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDESAN BucaramangaBucaramanga
Data approved: 2011-08-01
Data version: 1
Age of data: 161 months

Institution

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

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Product

Solidarity Credit Group (AZN) Product 7 of 8 « Prev | Next »

Product Summary

Number borrowers100
Loan Amount (range)COP 3,000,000 - 20,000,000
Loan Term (range)12 - 36
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits
Annual Interest & Method18.0% annual, Decl Bal
Fees2.50% upfront
Insurance3 fees
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component19.1% - 19.6% (Int+Fee)
Insurance Component1.0% - 5.3%
Tax Component Range0
Full APR (int fee ins tax dep)20.2% - 21.2%
Transparency Index (min/max)46 - 94
Transparency Index (average)87

Product Summary

2,926
AZN 50 - 2,000
4 - 12
39.0% annual, Decl Bal
4.00% upfront
None
None
N/A
 
N/A
47.9% - 0 (Int+Fee)
0
0
47.9% - 51.4%
0 - 92
79

Product Details

Key Statistics
Outstanding portfolio (COP)COP 613,600,000
Portfolio (USD)USD 337,142.86
Active Clients with Loans100
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
APOYAR LA CREACION DE EMPRESAS EN EL MUNICIPIO DE BUCAAMANGA A TRAVES DE LA FINANCIACION DE LOS PLANES DE NEGOCIO
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
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 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

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 1,728,481
Portfolio (USD)USD 2,160,601.25
Active Clients with Loans2,926
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A loan for group borrowers living in urban areas and 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
CurrencyCOP
Minimum loan sizeCOP 3,000,000
Maximum loan size20,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average36.0 months
Grace Period
Grace period usage70%
Average grace period6.0 months
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
CurrencyAZN
Minimum loan sizeAZN 50
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average11.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest1.50%
Highest quoted nominal interest1.50%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionTrámite Mipyme
% of loan amount - min2.50%
% of loan amount - max2.50%
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
Ins 1Ins 2
Description0,5 del monto del credito PARA FONDO DE PROTECCION DE CARTERAFondo de Garantia
% of loan amount - min0.50%0
% of loan amount - max0.50%0
OR, Fixed amount - min018,000
Fixed amount - max075,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Insurance Fees
Ins 1
DescriptionSeguros y Fondo de Solidaridad
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max6,000
Reason for variationN/A
Appears on Repayment Sched?No
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 interest39.00%
Highest quoted nominal interest39.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termN/A
Upfront Fees
Fee 1
Descriptioncommission fee
% of loan amount - min4.00%
% of loan amount - max4.00%
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

Créditos superiores samples
Sample 1Sample 2Sample 3
Loan AmountCOP 3,700,000COP 15,000,000COP 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-05-062011-05-232011-03-04
Loan Term (Months)36.0 months43.0 months48.0 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 Component19.6%19.1%19.3%
Insurance Component1.6%1.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)21.2%20.2%20.5%
Transparency Index858988
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Solidarity Credit Group (AZN) samples
Sample 1Sample 2Sample 3
Loan AmountAZN 350AZN 800AZN 1,500
Loan Cycle (1, 2, 3, etc)144
Disbursement Date2009-12-102009-12-092009-12-11
Loan Term (Months)8.0 months12.0 months12.0 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 Component51.4%47.9%47.9%
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)51.4%47.9%47.9%
Transparency Index768181
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Créditos superiores Price Graphs


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Solidarity Credit Group (AZN) 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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