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164 months old and may not represent the prices currently charged.
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Institution
Data approved: 2012-01-25
Data version: 1
Age of data: 164 months
Key Statistics
| Outstanding portfolio (ZMK) | ZMK 10,955,500,000 |
| Portfolio (USD) | USD 2,117,004.83 |
| Active Clients with Loans | 925 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
MSME loan product
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 | |
| 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 1,000,000 |
| Maximum loan size | 120,000,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | 13.0 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 | 4.50% |
| Highest quoted nominal interest | 5.50% |
| Reason(s) why interest rate varies | Time as Client, Repeat loan discount - Initial loan is 66% annual. Repeat loan is 54% interest. |
| 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 | 7.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 7% for loans <12.5million, 5% for loans of 12.5-20million, 5% for loans 20million. |
| 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 | 1.00% |
| % of loan amount - max | 3.50% |
| 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 | 15.00% |
| 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 |
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
MSME Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | ZMK 1,500,000 | | ZMK 2,500,000 | | ZMK 3,000,000 | | ZMK 3,000,000 | | ZMK 4,000,000 | | ZMK 4,500,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2010-12-29 | | 2011-04-15 | | 2011-04-29 | | 2011-10-18 | | 2011-09-01 | | 2011-03-22 |
| Loan Term (Months) | 9.0 months | | 6.0 months | | 9.0 months | | 12.0 months | | 12.0 months | | 12.0 months |
| Grace Period (Months) | 0.0 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 | | Not Known |
| True Price by Comp | | | | | | | | | | | |
| Interest and Fee Component | 126.5% | | 135.3% | | 126.6% | | 104.8% | | 105.1% | | 122.5% |
| Insurance Component | 4.9% | | 4.5% | | 4.9% | | 3.8% | | 3.9% | | 4.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 38.3% | | 41.2% | | 37.2% | | 30.8% | | 31.0% | | 34.6% |
| Full APR (int fee ins tax dep) | 169.7% | | 181.0% | | 168.8% | | 139.5% | | 140.0% | | 161.1% |
| Transparency Index | 32 | | 30 | | 32 | | 39 | | 39 | | 34 |
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| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
