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Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 168 months
Description
This loan is given to people in selfselected groups that want to start up a small business or boost an existing business. Groups consist of 3-7 members. The product is structured in 4 different levels which differ for interest & amount.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education Group meetings Credit insurance Workplace visits Business training Other training Other Record Keeping Training Other (2) Household Approach Training, Monthly Monitoring No other services
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
Currency ZMK Minimum loan size ZMK 400,000 Maximum loan size 1,200,000
Shortest loan term 4.0 months Longest loan term 10.0 months Approx average 6.0 months
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 3.50% Highest quoted nominal interest 5.00% Reason(s) why interest rate varies Loan Size 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 Application Fee % of loan amount - min 0 % of loan amount - max 0 OR, Fixed amount - min 10,000 Fixed amount - max 10,000 Reason for variation N/A Appears on Repayment Sched? No
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees This product has no upfront insurance fees Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/A Is deposit indicated on the repayment schedule? N/A Do borrowers control deposit in their group? N/A
Deposit BEFORE or AT Disbursement
% loan amount deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Additional Comments
Each member within a group should attend a number of compulsory training before disbursement. Non attendance could disqualified the client from receiving the loan. Training are in Business Management, Household Approach and Microcredit Scheme
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. NGO Institution Type Business Loan Purpose Empowerment Institution ZM-007-V01-P05 Product ZM Country 2011 Year Range Number 1 Institution Data Version 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Loan Size (all) 0% 20% 40% 60% 80% 100% Full APR (int fee ins tax dep) > 200 100 10 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
