MFI ReportPartnerships
| Name | Relationship |
|---|---|
| ASOFIN | Network Affiliation |
| BIO | Funding |
| MicroRate | Rating |
| MicroVest I | Funding |
| ProCredit Holdings | Funding |
| PROFUND | Funding |
| Name | Relationship |
|---|---|
| MFN | Network Affiliation |
-
391.2 million67,2035,820.5407.9 million542.1 million403,221
Mission:
Caja los Andes' aim is to contribute to the socio-economic development of people with scarce resources through financial services to support the micro, small and medium size enterprises and to improve the standard of living of their family
Background and Main Challenges:
Caja Los Andes S.A. FFP is the result of the complete transfer of all financial activities from the not-to-profit Association "Pro-Crédito" created originally in 1992 by a group of Bolivian professionals. Pro-Crédito remains the most important shareholder (46,95%) of the new company incorporated ... Read more
Caja Los Andes S.A. FFP is the result of the complete transfer of all financial activities from the not-to-profit Association "Pro-Crédito" created originally in 1992 by a group of Bolivian professionals. Pro-Crédito remains the most important shareholder (46,95%) of the new company incorporated in 1995 (the first of its kind in Bolivia) as a "Fondo Financiero Privado" (an intermediary legal form between NGO and fully licensed bank, the main difference being the interdiction of offering site deposits), supervised by the national Superintendency of Banks and Financial Entities. GTZ has been one of the main technical assistance providers all along the Pro-Crédito and Caja Los Andes history. Caja Los Andes' main challenge is to keep the national leading position in terms of economic efficiency, return and assets quality in an increasingly competitive environment. Moreover, Caja Los Andes wants to strengthen the capital base and to diversify finance sources. Hide
Address:
Av. Cristo Redentor Nº 3037
Santa Cruz
Andrés Ibañez
Bolivia
Phone:
(591 3) 341-2901
Fax:
(591 3) 341-3734
Email:
contactanos [at] losandesprocredit [dot] com [dot] bo
Website:
Main Funding Sources:
Savings
Products and Services:
Loans
Voluntary Savings
Insurance
Fund Transfer Services
Products:
Caja Los Andes currently offers five Credit Products: Enterprise Credit designed for micro, small and medium enterprises from trade, production and service sectors for working capital, fixed assets and free availability with maximum terms up to 10 years and an interest rate of 1.25% to 2.5% in ... Read more
Caja Los Andes currently offers five Credit Products: Enterprise Credit designed for micro, small and medium enterprises from trade, production and service sectors for working capital, fixed assets and free availability with maximum terms up to 10 years and an interest rate of 1.25% to 2.5% in foreign currency and 2.75% to 3.25% in national currency; Gold Credit, whose main objective is to ease the access of immediate credit for persons that would be limited in recurring to the financial formal system, with interest rates of 4% in local currency and 3% in foreign currency and up to 180 days terms; Time Deposit Credits to provide liquidity to persons or institutions that don’t want or can’t cancel in advance its deposits nor negociate them on the secundary market, the interest rate is fixed form 1% to 4% up to the nominal rate of the instrument and up to a term equal of the Time Deposit one; Housing Credit, for financing house purchase or land acquisitions, repairing, enlargement, construction, basic services installing or any other destination that implies a housing improvement, interest rates of 2.5% to 3% for local currency and 1.08% to 2.25% in dollars and terms up to 10 years; and Wage Earners Credit, granted to natural persons whose principal income is originated by a monthly salary, as a result of the working relation with an enterprise or institution, interest rates of 2.5% to 3% for local currency and 1.08% to 2.25% in dollars and terms up to 10 years. Additional commissions up to 2 % are sometimes charged according to loan use and client type. Late payment fees on accumulated arrears range between 3 and 7 % in annual terms.
• Loans
• Voluntary Savings
Hide
• Loans
• Voluntary Savings
Hide
Looking for (Investment Types):
Loans in Local Currency
Equity investments
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jul 10 1995
FYE:
31-Dec
Current Legal Status:
Bank
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Cesar CoronadoEncargado de Control de Gestiónccoronado [at] losandesprocredit [dot] com [dot] bo(591 3) 341-2901
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Daniel Otazo FagaldeDivision Manager Risk and Internal Controldotazo [at] losandesprocredit [dot] com [dot] bo591 2 2456 538
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Olga Ovando ZuritaAnalista de Gestiónoovando [at] losandesprocredit [dot] com [dot] bo(591 3) 341-2901
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Pablo GonzalezCEOpgonzalez [at] losandesprocredit [dot] com [dot] bo591 2 2456 538
