2. Actuar Quindio
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
  2. APED
Please note that the information you are viewing is 139 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 Accion por el Quindio "Actuar Famiempresas" Calle 16 Nº 13 - 13Armenia, Quindio
Data approved: 2011-08-01
Data version: 1
Age of data: 166 months

Institution

Association of Progressive Entrepreneurs in Development Head OfficeAccraP.O. Box CT 78 PMB
Data approved: 2013-02-15
Data version: 2
Age of data: 139 months
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Product

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Product

Farmer Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers2,010
Loan Amount (range)COP 1,000,000 - 61,800,000
Loan Term (range)6 - 36
Other Services (text summary)Credit Ins, Tech Asst Visits, Business Training, Other Training, Acompañamiento en los procesos de comercialización
Annual Interest & Method29.4% annual, Decl Bal
Fees4.00%-7.50% ongoing
Insurance25.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component20.0% - 21.3% (Int+Fee)
Insurance Component0.2% - 0.6%
Tax Component Range0
Full APR (int fee ins tax dep)20.6% - 21.9%
Transparency Index (min/max)79 - 145
Transparency Index (average)100

Product Summary

3,045
GHS 300 - 7,000
6 - 8
Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services
39.00%-52.00% annual, Flat
2 fees
0.50% upfront
None
15.00%-20.00% upfront
 
36.2% - 87.6%
6.9% - 20.2%
1.1% - 4.7%
0
55.1% - 68.0%
21 - 71
65

Product Details

Key Statistics
Outstanding portfolio (COP)COP 4,332,623,990
Portfolio (USD)USD 2,380,562.63
Active Clients with Loans2,010
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Prestamo que tiene por objetivo brindar los recursos para compra de insumos para el proceso productivo o aumentar el inventario en temporadas de crecimiento en la demanda.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherAcompañamiento en los procesos de comercialización
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 (GHS)GHS 654,472.04
Portfolio (USD)USD 332,219.31
Active Clients with Loans3,045
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Designed for small-to-medium sized farm enterprises for use in cultivation of agricultural and livestock products.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherExtention Services
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust be resident in community near branch for at least on year
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 1,000,000
Maximum loan size61,800,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average25.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 300
Maximum loan size7,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period5.0 months
Repayment Frequency
Daily
Weekly
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 interest2.45%
Highest quoted nominal interest2.45%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionEstudio de credito sobre el monto inicial anual diferido en el periodo de amortizacio (solamente para algunos prestamos de este producto) (este porcentage es anual)
% of loan amount - min4.00%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionSeguro de Vida o incapacidad por el monto del credito desembolsado (0.25% per annum)
% of loan amount - min25.00%
% of loan amount - max25.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesBranch
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication and Pass Book Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max04
Reason for variationN/AFee varies based on geographic location of client.
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationIncludes life cover only. Do not cover clients above age 64.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaGHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Capital de Trabajo samples
Sample 1Sample 2Sample 3
Loan AmountCOP 13,390,000COP 30,000,000COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-01-312011-03-312011-02-28
Loan Term (Months)36.0 months24.0 months36.0 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 Component20.0%21.2%21.3%
Insurance Component0.5%0.5%0.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.6%21.8%21.9%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Farmer Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 300GHS 700GHS 1,350GHS 2,700GHS 6,200
Loan Cycle (1, 2, 3, etc)44342
Disbursement Date2012-09-282012-08-272012-06-082012-09-282012-10-31
Loan Term (Months)6.0 months5.8 months5.6 months6.0 months5.9 months
Grace Period (Months)4.1 months3.9 months3.7 months4.1 months4.0 months
Total Cost of CreditGHS 67.50GHS 153.50GHS 293.25GHS 583.50GHS 1,522
True Price by Comp         
Interest price component36.2%37.6%41.2%36.2%44.7%
Fee Component9.0%7.9%8.1%6.9%7.2%
Insurance Component1.1%1.2%1.3%1.2%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component8.8%8.8%14.6%11.7%14.8%
Full APR (int fee ins tax dep)55.1%55.5%65.2%56.0%68.0%
Transparency Index7170607057
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Capital de Trabajo Price Graphs


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Farmer 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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