- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	139
AMPL	0	0	0	139
Arman	41,500	529,107,000	1	139
Arohan	43,500	8,091,000	2	139
ASA INDIA	164,000	15,380,000	1	139
Asirvad	113,500	19,328,000	1	139
Asmitha	1,114,800	217,867,000	1	139
Bandhan	4,048,600	674,564,000	5	139
Belstar	123,000	23,945,000	2	117
BSFL	275,200	31,590,000	3	139
Chaitanya	20,700	3,748,000	3	139
Disha Microfin	69,000	14,332,000	2	139
Equitas	1,220,000	186,415,000	4	139
ESAF	354,200	43,500,000	5	139
FFSL	150,600	35,719,000	2	139
Fusion	66,800	9,820,000	2	139
Grama Vidiyal	738,200	102,101,000	1	139
Grameen Koota	586,600	83,555,000	15	141
Janalakshmi	506,000	119,077,000	2	139
L & T Finance	399,800	37,199,000	1	139
MFL	331,800	49,083,000	1	139
MMFL	175,000	23,752,000	2	139
Mpower	13,600	2,263,000	2	139
Sahayata	0	0	0	139
Saija	24,700	4,682,000	2	139
Samasta	45,500	4,809,000	2	139
Satin	405,600	90,174,000	2	139
SCCI	115,600	15,910,000	2	139
Share	2,195,400	376,727,000	1	139
SKS	3,409,000	355,029,000	2	139
SMILE	360,200	56,927,000	1	139
SNFL	9,400	1,779,000	1	139
Sonata Finance	158,200	22,724,000	3	141
Spandana	533,400	147,240,000	2	139
Suryoday	78,600	14,713,000	3	139
SVCL	118,200	18,886,000	1	139
Swadhaar	92,800	17,166,000	3	139
Trident	68,700	8,852,000	1	139
Ujjivan	913,300	160,848,000	5	139
Utkarsh	168,600	25,915,000	3	139
VFS	175,400	19,264,000	2	139
Asomi	50,300	4,743,000	2	171
AES India	3,600	286,000	1	171
Arth	2,900	611,000	2	171
Asomi	50,300	4,743,000	2	171
Barasat GS	1,100	99,508.02	1	171
BJS	6,000	468,000	1	171
Cashpor	417,000	50,452,000	1	170
Credible	10,000	1,669,540.36	2	171
DIBAKAR	1,800	145,000	1	170
GOF	65,200	5,388,000	4	170
Hope	62,600	4,407,000	1	168
Jaago	2,700	237,000	1	169
LOK	4,900	573,000	1	170
Nano	25,600	3,660,000	2	171
NBSAAVS	28,100	2,821,000	1	168
Nirantara	8,200	917,000	2	170
Parama	7,100	482,000	1	170
Pragathi	26,200	4,579,000	6	170
PWMACS	36,500	5,946,000	1	170
Saadhana	90,900	12,046,000	2	170
Sambhav	1,500	183,000	3	170
Seba Rahara	6,700	468,000	1	170
SU	61,100	5,498,000	1	170
Swayanshree	7,900	918,000	2	170
Vikas Samiti	1,600	168,000	1	170
Vistaar	4,300	1,157,000	2	168
We The People	1,100	244,000	2	170
WEMCS	1,100	85,000	1	170
Yukti	1,100	99,000	2	170

Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Pulse Financial Services Limited Cnr Freedom Way/Katunjila RoadLusakaP.O. Box RW 51269

Data approved: 2012-01-25

Data version: 1

Age of data: 163 months

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Product

Home Improvement Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ZMK)	ZMK 6,886,000,000
Portfolio (USD)	USD 1,330,628.02
Active Clients with Loans	287
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Loan Product for Home Improvement

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
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
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	ZMK
Minimum loan size	ZMK 5,000,000
Maximum loan size	120,000,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	60.0 months
Approx average	18.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
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	2.50%
Highest quoted nominal interest	3.00%
Reason(s) why interest rate varies	Time as Client, Repeat Loan discount - annual rate is 36% for 1st loan, 30% for 2nd loan.
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	n/a
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Life Assurance
% of loan amount - min	1.00%
% of loan amount - max	4.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	9.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Client is entitled to client share ownership program and has a minimum of 1% interest rebate paid if the loan was paid on time. The client has four options of investment. The repeat borrowers have a lower interest rate.

Full Pricing Data

Home Improvement Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	ZMK 5,000,000	ZMK 5,000,000	ZMK 5,000,000	ZMK 5,500,000	ZMK 5,500,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-11-03	2010-10-14	2011-02-15	2010-09-22	2011-07-26
Loan Term (Months)	9.0 months	12.0 months	12.0 months	12.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	2.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	62.4%	60.0%	70.4%	60.2%	72.2%
Insurance Component	4.3%	3.4%	3.5%	3.4%	2.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	5.5%	5.2%	6.1%	5.3%	5.2%
Full APR (int fee ins tax dep)	72.2%	68.7%	80.0%	68.8%	79.4%
Transparency Index	42	44	38	44	38

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Home Improvement 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
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