2. FINCA Zambia
Please note that the information you are viewing is 125 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. TSKI
Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Foundation for International Community Assistance (FINCA) Stand No. 4513 Madzimoyo Road, NorthmeadLusaka, Lusaka Province
Data approved: 2014-10-20
Data version: 2
Age of data: 125 months
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Institution

Taytay Sa Kauswagan, Inc. A & L Building, E. Lopez SreetJaroIloilo City, Iloilo/Region VI5000
Data approved: 2011-11-15
Data version: 1
Age of data: 162 months

Product

Small Group Loan Product 5 of 7 « Prev | Next »

Product

OKEY Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers12,425
Loan Amount (range)ZMW 1,200 - 15,000
Loan Term (range)6 - 12
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method52.0% annual, Decl Bal
Fees7.96%-8.00% upfront 25.00 upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component50.6% - 50.9%
Fee Component15.8% - 40.3%
Insurance Component1.7% - 4.2%
Tax Component Range0
Full APR (int fee ins tax dep)72.6% - 95.2%
Transparency Index (min/max)54 - 75
Transparency Index (average)63

Product Summary

6,341
PHP 10,000 - 50,000
3 - 6
Credit Ins, Business Training, Other Training
30.0% annual, Flat
100.00 upfront 4.00% upfront
75.00-469.00 upfront
0.25% loan amt
10.00% ongoing
 
N/A
49.2% - 61.2% (Int+Fee)
7.9% - 9.5%
1.0% - 2.0%
63.0% - 79.0%
26 - 48
42

Product Details

Key Statistics
Outstanding portfolio (ZMW)ZMW 22,650,672
Portfolio (USD)USD 3,537,581.12
Active Clients with Loans12,425
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Small group loans is a loan product smaller than Village Banking. It comprises of 5 to 10 members. The group is formed by 5 to 10 enterpreneurs who know and trust each other.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)Must be a member of a self selected solidarity group
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveCentral Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 169,434,204
Portfolio (USD)USD 4,053,449.86
Active Clients with Loans6,341
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual Loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyZMW
Minimum loan sizeZMW 1,200
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than ZMW 5000
ZMW 500-2,00040%
ZMW 2,000-3,25020%
ZMW 3,250-4,50015%
ZMW 4,500-6,00010%
Greater than ZMW 6,00010%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months40%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest4.33%
Highest quoted nominal interest4.33%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionArrangement and Deposit FeeAsset Inspection Fee
% of loan amount - min7.96%0
% of loan amount - max8.00%0
OR, Fixed amount - min025
Fixed amount - max025
Reason for variation1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. Arrangement fee varies depending on the number of group members.N/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionNotarial FeeService Charge
% of loan amount - min04.00%
% of loan amount - max04.00%
OR, Fixed amount - min1000
Fixed amount - max1000
Reason for variationN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionMicroEnsure
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min75
Fixed amount - max469
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Full Pricing Data

Small Group Loan samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
ZMW 1,020 Generated 2014-11-01 6.0 months 0.0 months ZMW 275.80 95.2% 50.9% 40.1% 4.2% 0.0% 0.0% 55 - PDF
ZMW 1,800 Generated 2014-11-01 9.1 months 0.0 months ZMW 596.35 79.5% 50.9% 25.6% 3.0% 0.0% 0.0% 65 - PDF
ZMW 2,400 Generated 2014-11-01 12.2 months 0.0 months ZMW 965.91 72.6% 50.9% 19.4% 2.3% 0.0% 0.0% 72 - PDF
ZMW 3,500 Generated 2014-11-01 6.0 months 0.0 months ZMW 885.57 88.0% 50.9% 33.0% 4.1% 0.0% 0.0% 59 - PDF
ZMW 4,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 1,294.67 77.2% 50.9% 23.4% 2.9% 0.0% 0.0% 67 - PDF
ZMW 5,100 Generated 2014-11-01 6.0 months 0.0 months ZMW 1,278.98 87.1% 50.9% 32.1% 4.1% 0.0% 0.0% 60 - PDF
ZMW 6,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 1,929.51 76.6% 50.9% 22.8% 2.9% 0.0% 0.0% 68 - PDF
ZMW 7,000 Generated 2014-11-01 6.0 months 0.0 months ZMW 1,746.15 86.5% 50.9% 31.6% 4.0% 0.0% 0.0% 60 - PDF

Full Pricing Data

OKEY samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 15,000PHP 15,000PHP 30,000PHP 30,000
Loan Cycle (1, 2, 3, etc)3131
Disbursement Date2011-05-312011-06-272011-06-302011-07-29
Loan Term (Months)3.0 months3.0 months3.0 months3.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component61.2%59.9%49.2%52.9%
Insurance Component9.5%9.3%7.9%8.5%
Tax Component2.0%2.0%1.7%1.8%
Deposit Component6.4%6.1%4.3%5.0%
Full APR (int fee ins tax dep)79.0%77.2%63.0%68.2%
Transparency Index38394844
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Small Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCA ZambiaInstitutionZM-008-V02-P05ProductZMCountry2014YearRange Number2Institution Data Version02,0004,0006,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 2,4001,8001,20060060Number of Borrowers
Click to view Price Analysis Tool
OKEY Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeTSKIInstitutionPH-045-V01-P01ProductPHCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 1,9001,40090040050Number 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.
Click to view Price Analysis Tool
Caps / Zoom options
Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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