Institution

Corporación Acción por Caldas Actuar Famiempresas Calle 20 No. 21-17Manizales, Caldas
Data approved: 2011-08-01
Data version: 1
Age of data: 161 months

Institution

ASA Initiative FNGO Head OfficeCape Coast, CentralP.O. Box 396
Data approved: 2013-02-20
Data version: 2
Age of data: 133 months
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Product

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Product

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Product Summary

Number borrowers3,702
Loan Amount (range)COP 300,000 - 50,000,000
Loan Term (range)1 - 60
Other Services (text summary)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
Annual Interest & Method24.0%-28.8% annual, Decl Bal
Fees3,000.00-5,000.00 ongoing
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component24.0% - 33.9% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)24.0% - 33.9%
Transparency Index (min/max)71 - 100
Transparency Index (average)86

Product Summary

534
GHS 70 - 200
2 - 6
Credit Educ, Credit Ins, Tech Asst Visits
36.00%-40.00% annual, Flat
None
1.00% upfront
None
N/A
 
57.4% - 70.9%
0 - 12.2%
3.5% - 3.9%
0
60.9% - 67.7%
51 - 59
56

Product Details

Key Statistics
Outstanding portfolio (COP)COP 9,550,000,000
Portfolio (USD)USD 5,247,252.75
Active Clients with Loans3,702
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
CREDITOS AGILES Y OPORTUNOS PARA CAPITAL DE TRABAJO,ACTIVOS FIJOS Y OTRAS NECESIDADES DEL EMPRESARIO, CON LAS CUOTAS MAS BAJAS DEL MERCADO DE MICROCREDITO
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherVEHICULO, MOTO
Other (2)VIAJES FAMILIARES
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO
Other (2)CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS
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
OtherEL NEGOCIO PUEDE SER FORMAL O INFORMAL
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 7,195
Portfolio (USD)USD 3,652.28
Active Clients with Loans534
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for financing green energy projects for businesses and individual domestic usage. Currently a pilot product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral Region

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 300,000
Maximum loan size50,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term60.0 months
Approx average18.0 months
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 70
Maximum loan sizeGHS 200
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
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 term2.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.40%
Reason(s) why interest rate variesCollateral, BUEN MANEJO DE LOS CREDITOS ANTERIORES\r
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionCapacitacio - MENSUALMENTE SE COBRA EL VALOR DEL RECAUDO EN LOS PUNTOS DE PAGO
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max5,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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
Additional Comments
A PARTIR DEL SEGUNDO CREDITO Y EVALUANDO EL COMPORTAMIENTO DE LOS ANTERIORES SE DA LA POSIBILIDAD DE OBTENER CREDITOS PARA ESTUDIO,MEJORAS DE VIVIENDA,ADQUISICION DE VIVIENDA Y OTRAS NECESIDADES DEL MICROEMPRESARIO Y SU FAMILIA , IGUALMENTE DE ACUERDO AL BUEN COMPORTAMIENTO EN LOS CREDITOS ANTERIORES,PARA NUEVOS CREDITOS SE REBAJA LA TASA DE INTERES. EN TODOS LOS CASOS EL VALOR APROBADO ES ENTREGADO, A NO SER QUE EL CLEINTE QUIERA QUE LAS FECHAS DE PAGO SEAN POSTERIORES A LA FECHA DEL DESEMBOLSO, CASO EN EL CUAL SE LE DESCUENTAN LOS INTRESES CORRESPONDIENTES A LOS DIAS DE CORRIMIENTO

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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
Additional Comments
n/a

Full Pricing Data

Credito Acompanado samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 1,500,000COP 3,500,000COP 7,000,000COP 16,000,000COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-062011-05-062011-05-022011-04-292011-04-27
Loan Term (Months)18.0 months24.0 months34.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component33.9%29.1%30.0%24.3%24.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.9%29.1%30.0%24.3%24.0%
Transparency Index71838099100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Green Energy-Solar Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 75GHS 75GHS 75
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2012-09-202012-08-312012-07-05
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditGHS 15.75GHS 14.25GHS 14.25
True Price by Comp     
Interest price component64.1%58.0%57.4%
Fee Component0.0%0.0%0.0%
Insurance Component3.6%3.6%3.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)67.7%61.6%60.9%
Transparency Index535859
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Credito Acompanado Price Graphs


Green Energy-Solar 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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