2. Eclof Zambia
Please note that the information you are viewing is 168 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. CCODE
Please note that the information you are viewing is 148 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Eclof International Zambia 7th Floor Kulima Tower BuildingKatunjila RoadLusaka10101
Data approved: 2011-12-12
Data version: 1
Age of data: 168 months

Institution

The Centre for Community Organisation and Development Head OfficeLilongwePO Box 2109
Data approved: 2012-12-04
Data version: 2
Age of data: 148 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.eclof.org/
Year established1993
Head of InstitutionAnthony Moonga
Regions active
# Branches0

Total Portfolio (nat'l)ZMK 568,000,000
Total Portfolio (USD)USD 109,758.45
Active clients with loans462
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliationsAMIZ, Eclof International
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established2003
Head of InstitutionSiku Nkhoma
Regions activeDedza, Dowa, Kasungu, Lilongwe, Ntcheu, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, Machinga, Mulanje
# Branches1

Total Portfolio (nat'l)MWK 250,550,466.50
Total Portfolio (USD)USD 642,437.09
Active clients with loans2,351
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsSlum Dwellers International, MAMN, Malawi Homeless People's Federation
FundersSlum Dwellers International, Homeless International, African Development Bank, WASTE

Loan Products » Summary

Sol Group
125 Borrowers
USD 26,628.02 Portfolio
Active Product
SME
40 Borrowers
USD 39,806.76 Portfolio
Low Volume Product
Individual
35 Borrowers
USD 24,985.51 Portfolio
Low Volume Product
Salary
28 Borrowers
USD 19,903.38 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Summary

Business
139 Borrowers
USD 2,375.73 Portfolio
Active Product
Home
334 Borrowers
USD 4,065.71 Portfolio
Active Product
Sanitation
870 Borrowers
USD 132,828.60 Portfolio
Active Product
Water
255 Borrowers
USD 14,796.76 Portfolio
Active Product
Home Loan
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Solidarity Group Loan ZMK 300,000 - 2,000,000 3 - 12 60% - 80% 80% - 100% Business Women, Men, Have business Group Mtgs, Tech Asst Visits, Business Training, Other Training
Individual Loan ZMK 4,500,000 - 7,000,000 3 - 12 60% - 80% 80% - 100% Business Women, Men, Have business Other Training
Salary Guaranteed Loan ZMK 1,500,000 - 10,000,000 1 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Group Mtgs, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan MWK 10,000 - 10,000 6 80% - 100% 80% - 100% Business, Can only be used for working capital Women, Men, Must be a member of the Malawi Homeless People's Federation. Business Training
Home Improvement Loan MWK 20,000 - 20,000 24 80% - 100% 80% - 100% Housing Women, Men, Must be a member of the Malawi Homeless People's Federation
Sanitation Loan MWK 40,000 - 100,000 24 80% - 100% 80% - 100% Sanitation Women, Men, Residents from the peri urban areas
Water Loan MWK 18,000 - 120,000 24 60% - 80% 80% - 100% water supply Women, Men, Residents from the peri urban areas

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Solidarity Group Loan 60.0% annual, Flat 2 Fees 2 Ins None 25.0% upfront 140.2% - 201.6% 255.1% - 387.6% 20
Individual Loan 60.0% annual, Flat 2 Fees 2 Ins None 25.0% upfront 110.8% - 119.4% 180.1% - 205.1% 30
Salary Guaranteed Loan 96.0% annual, Flat 1 Fee 1 Ins None N/A 170.9% - 177.7% 176% - 187.3% 53

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Solidarity Group Loan 60.0% annual, Flat 2 Fees 2 Ins Ins None 25.0% upfront 140.2% - 201.6% 255.1% - 387.6% 20
Individual Loan 60.0% annual, Flat 2 Fees 2 Ins Ins None 25.0% upfront 110.8% - 119.4% 180.1% - 205.1% 30
Salary Guaranteed Loan 96.0% annual, Flat 1 Fee 1 Ins Ins None N/A 170.9% - 177.7% 176% - 187.3% 53

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeEclof ZambiaInstitutionZM-006-V01-P04ProductZMCountry2011YearRange Number1Institution Data Version0200,000400,000600,000800,0001,000,000Loan Size (all)0%100%200%300%400%Full APR (int fee ins tax dep)> 30102Number 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.
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessHousingOtherLoan PurposeCCODEInstitutionMW-011-V02-P01MW-011-V02-P02MW-011-V02-P04MW-011-V02-P05ProductMWCountry2012YearRange Number2Institution Data Version020,00040,00060,00080,000100,000Loan Size (all)0%5%10%15%Full APR (int fee ins tax dep)> 50020020Number of Borrowers
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