CORPORACION ACCION POR EL TOLIMA ACTUAR FAMIEMPRESAS - Libre Inversion - 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 114,925,140
Portfolio (USD)	USD 63,145.68
Active Clients with Loans	215
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Créditos con destinación libre dela inversión y así satisfacer otras necesidades que no cubren las anteriores líneas de crédito

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker	x
Must be specific age group
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	COP
Minimum loan size	COP 535,600
Maximum loan size	535,600

Distribution at Disbursement (Est.)

Loans less than COP 5,000,000	100%
COP 5,000,000-20,000,000	0
COP 20,000,000-35,000,000	0
COP 35,000,000-50,000,000	0
COP 50,000,000-65,000,000	0
Greater than COP 65,000,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	10.0 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	Estudio de Credito (monto con cada pago)
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	27,800
Fixed amount - max	27,800
Reason for variation	N/A
Appears on Repayment Sched?	No

Upfront Insurance Fees

	Ins 1	Ins 2
Description	AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL	SEGURO DE DEUDOR Y SEGURO DE VIDA
% of loan amount - min	1.35%	0
% of loan amount - max	1.40%	0
OR, Fixed amount - min	0	1,210
Fixed amount - max	0	4,770
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Libre Inversion samples

No sample data for this product

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