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Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 169 months
Key Statistics
Outstanding portfolio (USD) | USD 3,200,000 |
Portfolio (USD) | USD 3,200,000 |
Active Clients with Loans | 1,400 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
crédito destinado para microempresarios que necesiten capital de trabajo, compra de activos, o cualquier inversion del negocio desde $1,500 a $10,000
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Capital de tyrabajo, compra de activos, pago de de |
Other (2) | Actividades inherentes al negocio |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | existencia minima del negocio de un año |
Other (2) | |
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 | USD |
Minimum loan size | USD 1,500 |
Maximum loan size | 10,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 11.0 months |
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 | 19.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 |
---|
Description | Seguro de Desgravamen |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
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 feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 1.25% |
Maximum interest rate paid | 1.25% |
Interest payment frequency | Monthly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
los intereses a los ahorros se pagan sobre los $5 dolares de saldo
Full Pricing Data
Microluz samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | USD 2,000 | | USD 4,000 | | USD 8,000 |
Loan Cycle (1, 2, 3, etc) | 2 | | Not Known | | 6 |
Disbursement Date | 2010-07-07 | | 2010-07-26 | | 2010-07-02 |
Loan Term (Months) | 5.0 months | | 24.0 months | | 12.0 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 | 25.3% | | 20.3% | | 20.3% |
Insurance Component | 0.3% | | 0.3% | | 0.3% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 2.7% | | 2.2% | | 2.2% |
Full APR (int fee ins tax dep) | 28.4% | | 22.8% | | 22.8% |
Transparency Index | 67 | | 83 | | 83 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |