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Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 164 months
Key Statistics
| Outstanding portfolio (ZMK) | ZMK 6,371,543,685 |
| Portfolio (USD) | USD 1,231,216.17 |
| Active Clients with Loans | 13,736 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | Groups of five that belong to a center (Grameen model) |
Description
This is a group loan product targeting women with group guarantee and small amounts that gradually increase. It has a maximum repayment period of 1 year.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Savings |
| Other (2) | Education on HIV/AIDS, Gender, and Environment |
| 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 | Start a business |
| 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 400,000 |
| Maximum loan size | 7,000,000 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| 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 | 60.00% |
| Highest quoted nominal interest | 60.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Processing fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10,000 |
| Fixed amount - max | 15,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Credit Life Assurance |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| 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 | 0 |
| or, Fixed-amount deposited | ZMK 15,000 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ZMK 6,000 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Annually |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Savings must be 2% of the outstanding balance, borrowers can withdraw part of the savings\r
Full Pricing Data
Twende Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | ZMK 700,000 | | ZMK 3,000,000 | | ZMK 4,000,000 | | ZMK 5,000,000 | | ZMK 5,500,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-02-28 | | 2011-02-28 | | 2011-02-28 | | 2011-02-28 | | 2011-03-28 |
| Loan Term (Months) | 12.1 months | | 12.1 months | | 12.1 months | | 12.1 months | | 12.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | | | | | |
| Interest and Fee Component | 63.2% | | 61.1% | | 60.8% | | 60.7% | | 60.2% |
| Insurance Component | 4.5% | | 4.5% | | 4.5% | | 4.5% | | 4.3% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 14.7% | | 2.9% | | 2.2% | | 1.7% | | 0.8% |
| Full APR (int fee ins tax dep) | 82.4% | | 68.5% | | 67.5% | | 66.8% | | 65.3% |
| Transparency Index | 73 | | 88 | | 89 | | 90 | | 92 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
