Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1996 |
Head of Institution | Dyson Mandivenga |
Regions active | |
# Branches | 5 |
Total Portfolio (nat'l) | ZMK 15,315,329,318 |
Total Portfolio (USD) | USD 2,959,483.93 |
Active clients with loans | 6,399 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | AMIZ, Opportunity International Network, AMT, INAFI |
Funders | Development Aid from People to People (DAPP), HIVOS |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | ZMK 800,000 - 2,000,000 | 3 - 6 | 60% - 80% | 0% - 20% | Business, Agriculture activities | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
Individual Loan | ZMK 2,000,000 - 250,000,000 | 3 - 24 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training | |||||||
Solidarity Group Loan | ZMK 1,000,000 - 5,000,000 | 3 - 10 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits | |||||||
Trust Bank Loan | ZMK 50,000 - 1,500,000 | 4 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 48.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 63.8% - 64.2% | 73.5% - 74% | 65 | ||||||||
Individual Loan | 60.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.3% - 141.3% | 167.4% - 177.5% | 34 | ||||||||
Solidarity Group Loan | 72.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.1% - 143.8% | 165.7% - 171.5% | 42 | ||||||||
Trust Bank Loan | 60.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 179.3% - 198% | 213.7% - 243.9% | 26 |
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