Table 9.  Interest rate and Repayment Schedule Among Borrowers Across All Years
    Not reported FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 Cummulative
    Count % of 88 Approved Loans Count % of 271 Approved Loans Count % of 594 Approved Loans Count % of 811 Approved Loans Count % of 1191 Approved Loans Count % of 1200 Approved Loans Count % of 1251 Approved Loans Count % of 1373 Approved Loans Count % of 1351 Approved Loans Grand Total % of 8130 Approved Loans
Interest Rate missing/not reported 18 20.45 31 14.29 49 8.25 55 6.78 6 0.50 10 0.83 57 4.56 26 1.89 24 1.78 276 3.39
0 to 2.0% 5 5.68 29 13.36 88 14.81 101 12.45 374 31.40 117 9.75 62 4.96 74 5.39 249 18.43 1099 13.52
2.1% to 4.0% 18 20.45 60 27.65 195 32.83 209 25.77 345 28.97 499 41.58 350 27.98 332 24.18 268 19.84 2276 28.00
4.1% to 6.0% 36 40.91 89 41.01 147 24.75 279 34.40 342 28.72 445 37.08 624 49.88 604 43.99 660 48.85 3226 39.68
6.1% to 8.0% 7 7.95 22 10.14 71 11.95 150 18.50 114 9.57 106 8.83 116 9.27 208 15.15 141 10.44 935 11.50
8.1% or greater 4 4.55 40 18.43 44 7.41 17 2.10 10 0.84 23 1.92 42 3.36 129 9.40 9 0.67 318 3.91
Total 88 100.00 271 124.88 594 100.00 811 100.00 1191 100.00 1200 100.00 1251 100.00 1373 100.00 1351 100.00 8130 100.00
repayment schedule missing/not reported 28 31.82 225 103.69 348 58.59 51 6.29 8 0.67 11 0.92 10 0.80 12 0.87 13 0.96 706 8.68
less than 3 years 9 10.23 15 6.91 49 8.25 144 17.76 228 19.14 202 16.83 242 19.34 258 18.79 280 20.73 1427 17.55
3 to 5 years 33 37.50 30 13.82 114 19.19 424 52.28 687 57.68 652 54.33 678 54.20 680 49.53 684 50.63 3982 48.98
6 to 10 years 18 20.45 1 0.46 74 12.46 174 21.45 260 21.83 322 26.83 315 25.18 414 30.15 368 27.24 1946 23.94
11 years or more 0 0.00 0 0.00 9 1.52 18 2.22 8 0.67 13 1.08 6 0.48 9 0.66 6 0.44 69 0.85
Total 88 100.00 271 124.88 594 100.00 811 100.00 1191 100.00 1200 100.00 1251 100.00 1373 100.00 1351 100.00 8130 100.00
Source:  AFP Outcomes Database and Management System, downloaded November 19, 2008
Histoircally, the majority of AFP loans have had an interest rate of less than 6%.
The majority of AFP loans have been issued with repayment terms at less than 5 years.

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