CORPORACION ACCION POR EL TOLIMA ACTUAR FAMIEMPRESAS - Capital de Trabajo - MFTransparency.org Truth In Lending Tables

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Institution

CORPORACION ACCION POR EL TOLIMA ACTUAR FAMIEMPRESAS Calle 18 No.6-16Ibague, Tolima

Data approved: 2011-03-15

Data version: 1

Age of data: 167 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (COP)	COP 6,765,607,158
Portfolio (USD)	USD 3,717,366.57
Active Clients with Loans	7,186
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Fortalecer la capacidad actual de la microempresa, mediante la financiación de capital de trabajo, procurando satisfacer sus necesidades específicas, tales como compras, proveedores, sustitución de pasivos, etc.

Loan Purpose

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

Included Services

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

Eligibility

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	x
Other	pueden realizar actividades de producción, comercio o servicios.
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	COP
Minimum loan size	COP 300,000
Maximum loan size	13,390,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	24.0 months
Approx average	12.5 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	2.10%
Highest quoted nominal interest	2.46%
Reason(s) why interest rate varies	Time as Client, Loan Size, Client Risk
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

	Fee 1
Description	Honorarios y Comisiones decretada por el Consejo Superior de la Microempresa. Porcentaje no incluye el IVA.
% of loan amount - min	4.50%
% of loan amount - max	7.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

	Ins 1
Description	AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL (FRG)
% of loan amount - min	1.35%
% of loan amount - max	2.10%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

	Ins 1
Description	SEGURO DEUDORES Y SEGURO DE VIDA
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	1,210
Fixed amount - max	11,400
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Capital de Trabajo samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	COP 700,000	COP 1,200,000	COP 1,500,000	COP 3,500,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-03-16	2011-03-16	2011-03-16	2010-09-10
Loan Term (Months)	10.0 months	12.0 months	12.0 months	12.0 months
Grace Period (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
True Price by Comp
Interest and Fee Component	48.2%	48.1%	48.1%	38.4%
Insurance Component	7.0%	5.5%	5.2%	5.2%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	55.2%	53.6%	53.4%	43.6%
Transparency Index	46	47	47	58

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

Capital de Trabajo 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

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