| Number borrowers | 15,727 |
| Loan Amount (range) | ZMK 150,000 - 7,000,000 |
| Loan Term (range) | 4 - 6 |
| Other Services (text summary) | Tech Asst Visits, Business Training, Other Training, Funeral benefits |
| Annual Interest & Method | 66.0% annual, Flat |
| Fees | 1.25% upfront |
| Insurance | 1.25%-1.55% upfront |
| Tax | None |
| Comp Dep | 10.0% upfront 12,000.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 127.6% (Int+Fee) |
| Insurance Component | 5.8% - 8.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 201.8% - 347.5% |
| Transparency Index (min/max) | 19 - 45 |
| Transparency Index (average) | 27 |
| 3,702 |
| COP 300,000 - 50,000,000 |
| 1 - 60 |
| Credit Educ, Credit Ins, Tech Asst Visits, Business Training, ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO, CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS |
| 24.0%-28.8% annual, Decl Bal |
| 3,000.00-5,000.00 ongoing |
| None |
| None |
| N/A |
| N/A |
| 24.0% - 33.9% (Int+Fee) |
| 0 |
| 0 |
| 24.0% - 33.9% |
| 71 - 100 |
| 86 |
| Outstanding portfolio (ZMK) | ZMK 4,576,059,005 |
| Portfolio (USD) | USD 884,262.61 |
| Active Clients with Loans | 15,727 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Funeral benefits |
| 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 | Have a valid National Registration Card |
| Other (2) | Be part of a self selected group |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (COP) | COP 9,550,000,000 |
| Portfolio (USD) | USD 5,247,252.75 |
| Active Clients with Loans | 3,702 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | VEHICULO, MOTO |
| Other (2) | VIAJES FAMILIARES |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO |
| Other (2) | CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS |
| 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 | EL NEGOCIO PUEDE SER FORMAL O INFORMAL |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ZMK |
| Minimum loan size | ZMK 150,000 |
| Maximum loan size | 7,000,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | COP |
| Minimum loan size | COP 300,000 |
| Maximum loan size | 50,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 60.0 months |
| Approx average | 18.0 months |
| Grace period usage | 10% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 5.50% |
| Highest quoted nominal interest | 5.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.25% |
| % of loan amount - max | 1.25% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Cover |
| % of loan amount - min | 1.25% |
| % of loan amount - max | 1.55% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ZMK 12,000 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.40% |
| Reason(s) why interest rate varies | Collateral, BUEN MANEJO DE LOS CREDITOS ANTERIORES\r |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Capacitacio - MENSUALMENTE SE COBRA EL VALOR DEL RECAUDO EN LOS PUNTOS DE PAGO |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 3,000 |
| Fixed amount - max | 5,000 |
| Reason for variation | N/A |
| 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 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ZMK 200,000 | ZMK 300,000 | ZMK 650,000 | ZMK 1,300,000 | ZMK 3,000,000 | ZMK 4,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-07-28 | 2011-05-31 | 2011-06-22 | 2011-05-17 | 2011-06-15 | 2011-05-31 | |||||
| Loan Term (Months) | 4.7 months | 4.7 months | 4.7 months | 4.7 months | 4.7 months | 4.7 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 127.6% | 127.6% | 127.6% | 127.6% | 127.6% | 127.6% | |||||
| Insurance Component | 8.7% | 8.7% | 8.7% | 8.7% | 6.8% | 6.8% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 211.2% | 151.0% | 98.6% | 79.9% | 69.1% | 67.3% | |||||
| Full APR (int fee ins tax dep) | 347.5% | 287.3% | 234.9% | 216.2% | 203.5% | 201.8% | |||||
| Transparency Index | 19 | 23 | 28 | 31 | 32 | 33 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | COP 1,500,000 | COP 3,500,000 | COP 7,000,000 | COP 16,000,000 | COP 40,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-05-06 | 2011-05-06 | 2011-05-02 | 2011-04-29 | 2011-04-27 | ||||
| Loan Term (Months) | 18.0 months | 24.0 months | 34.0 months | 60.0 months | 60.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 33.9% | 29.1% | 30.0% | 24.3% | 24.0% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 33.9% | 29.1% | 30.0% | 24.3% | 24.0% | ||||
| Transparency Index | 71 | 83 | 80 | 99 | 100 | ||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
