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Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 161 months
Key Statistics
Outstanding portfolio (ZMK) | ZMK 531,469,820 |
Portfolio (USD) | USD 102,699.48 |
Active Clients with Loans | 527 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Loan term 3 to six months. Number of clients minimum 5 and maximum 20. Client do not get cash but requirements e.g seeds, machinery, etc.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Agriculture activities |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
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 800,000 |
Maximum loan size | 2,000,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace Period
Grace period usage | 100% |
Average grace period | 3.0 months |
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 | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Loan Processing fee/ Admin fee | | Ntula |
% of loan amount - min | 3.80% | | 0.60% |
% of loan amount - max | 3.80% | | 0.60% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | N/A | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Credit Life Insurance |
% of loan amount - min | 0.44% |
% of loan amount - max | 0.60% |
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? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
The loan amount on the repayment schedule are for the entire group and nmot each individual. Security deposit can vary , its not always fixed at 1%
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | ZMK 1,066,394.56 | | ZMK 1,074,000 | | ZMK 2,126,789.12 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-09-23 | | 2011-03-17 | | 2011-09-23 |
Loan Term (Months) | 6.0 months | | 6.0 months | | 6.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | |
Interest and Fee Component | 64.2% | | 63.8% | | 64.2% |
Insurance Component | 1.6% | | 1.6% | | 1.6% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 8.2% | | 8.2% | | 8.2% |
Full APR (int fee ins tax dep) | 74.0% | | 73.5% | | 74.0% |
Transparency Index | 65 | | 65 | | 65 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs