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Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 164 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
