Corporación Acción por Caldas Actuar Famiempresas - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Corporación Acción por Caldas Actuar Famiempresas Calle 20 No. 21-17Manizales, Caldas

Data approved: 2011-08-01

Data version: 1

Age of data: 166 months

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Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	No
Website address	http://www.actuarcaldas.org/
Year established	1986
Head of Institution	Fabio Mejia Arango
Regions active
# Branches	4

Total Portfolio (nat'l)	COP 9,550,000,000
Total Portfolio (USD)	USD 5,247,252.75
Active clients with loans	3,702
Approximate % female clients	60% - 80%
Approximate % urban clients	60% - 80%
Network affiliations	EMPRENDER, ASOMICROFINANZAS
Funders

Loan Products » Summary

Acompanado

3,702 Borrowers

USD 5,247,252.75 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Credito Acompanado		COP 300,000 - 50,000,000		1 - 60		60% - 80%		60% - 80%		Any Purpose, VEHICULO, MOTO, VIAJES FAMILIARES		Women, Men, Have business, EL NEGOCIO PUEDE SER FORMAL O INFORMAL		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

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Credito Acompanado		24.0%-28.8% annual, Decl Bal		1 Fee		0		None		N/A		24% - 33.9%		24% - 33.9%		86

Institution Price Graph

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Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Asomi Finance Private Limited 2nd Floor, Above SBI ATMBharalumukhGuwahati, Assam781009

Data approved: 2010-10-25

Data version: 1

Age of data: 171 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 238,600,000
Portfolio (USD)	USD 4,501,886.79
Active Clients with Loans	49,025
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

Loans for group members

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

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	INR
Minimum loan size	INR 5,000
Maximum loan size	25,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	15.00%
Highest quoted nominal interest	15.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Documentation Charge
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	30
Fixed amount - max	30
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	25
Fixed amount - max	25
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing 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	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0 - 15.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

We accept security deposits that are not interest-bearing. This can be either be adjusted towards the end or be encashed after the obligations are met.

Full Pricing Data

SHG Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 6,000	INR 10,000	INR 19,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-06-24	2010-06-24	2010-05-27
Loan Term (Months)	11.7 months	11.7 months	11.7 months
Grace Period (Months)	1.0 month	1.0 month	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	29.2%	28.8%	28.8%
Insurance Component	0.9%	0.5%	0.3%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	10.6%	10.4%	10.3%
Full APR (int fee ins tax dep)	40.7%	39.7%	39.4%
MFIN MFI Earning (Annualised)	29.2%	28.8%	28.8%
MFIN Cost to Borrower (Annualised)	40.7%	39.7%	39.4%
Transparency Index	37	38	38
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

SHG Loan 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

	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
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

SHG Loan samples

SHG Loan Price Graphs

Total Borrowers of Samples

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