Table 9. Interest rate
and Repayment Schedule Among Borrowers Across All Years |
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Not reported |
FY 2001 |
FY
2002 |
FY 2003 |
FY 2004 |
FY 2005 |
FY 2006 |
FY 2007 |
FY 2008 |
Cummulative |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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Source:
AFP Outcomes Database and Management System, downloaded November 19, 2008 |
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Histoircally,
the majority of AFP loans have had an interest rate of less than 6%. |
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The majority
of AFP loans have been issued with repayment terms at less than 5 years. |
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