| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.actuarquindio.org/ |
| Year established | 1989 |
| Head of Institution | Luis Gabriel Duque Restrepo |
| Regions active | |
| # Branches | 1 |
| Total Portfolio (nat'l) | COP 5,097,204,694 |
| Total Portfolio (USD) | USD 2,800,661.92 |
| Active clients with loans | 2,361 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activos Fijos | COP 1,000,000 - 61,800,000 | 6 - 36 | 20% - 40% | 20% - 40% | Business, Housing, Activos Fijos | Women, Men, Have business | Credit Ins, Tech Asst Visits, Business Training, Other Training, Acompañamiento en los procesos de comercialización | |||||||
| Capital de Trabajo | COP 1,000,000 - 61,800,000 | 6 - 36 | 60% - 80% | 60% - 80% | Business, Capital de Trabajo | Women, Men, Have business | Credit Ins, Tech Asst Visits, Business Training, Other Training, Acompañamiento en los procesos de comercialización |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Activos Fijos | 29.4% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 19.8% - 36.7% | 20.3% - 37.3% | 100 | ||||||||
| Capital de Trabajo | 29.4% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 20% - 21.3% | 20.6% - 21.9% | 100 |
| Outstanding portfolio (GHS) | GHS 32,900 |
| Portfolio (USD) | USD 16,700.51 |
| Active Clients with Loans | 285 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| 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 | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Greater Accra Region, Central Region, Eastern Region |
| Currency | GHS |
| Minimum loan size | GHS 100 |
| Maximum loan size | 3,000 |
| Loans less than GHS 1,000 | 60% |
| GHS 1,000-5,000 | 40% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 80% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| 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 | 3.00% |
| Highest quoted nominal interest | 4.50% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Loan Purpose, The variable terms of bank loans received by CEDEF. |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| 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 3 | Sample 4 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 1,500 | GHS 3,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-12-10 | 2012-12-10 | 2012-12-15 | ||
| Loan Term (Months) | 7.0 months | 7.0 months | 7.0 months | ||
| Grace Period (Months) | 0.9 months | 0.9 months | 1.0 month | ||
| Total Cost of Credit | GHS 43.89 | GHS 219.39 | GHS 438.78 | ||
| True Price by Comp | |||||
| Interest price component | 41.5% | 41.5% | 40.8% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 41.5% | 41.5% | 40.8% | ||
| Transparency Index | 87 | 87 | 88 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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 |
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