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

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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Product

Village Banking Loans Product 6 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMW)ZMW 22,277,113
Portfolio (USD)USD 3,479,238.69
Active Clients with Loans25,762
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Individual loan secured by a group gurantee aimed at the empowerment of the lowest income enterpreneurs and communities. The Village Bank is formed by people 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 educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherFuneral benefits
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 village bank
# 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

Loan Conditions

Loan Amount
CurrencyZMW
Minimum loan sizeZMW 150
Maximum loan size12,500
Distribution at Disbursement (Est.)
Loans less than ZMW 50010%
ZMW 500-2,00070%
ZMW 2,000-3,25010%
ZMW 3,250-4,5005%
ZMW 4,500-6,0005%
Greater than ZMW 6,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
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 paymentsx

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
% 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
Additional Comments
We are currently piloting self approaval of loans by clients

Full Pricing Data

Village Banking Loans 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 1,000 Real 2014-10-10 6.1 months N/A ZMW 272.01 94.6% 50.7% 39.8% 4.1% 0.0% 0.0% 55 PDF PDF
ZMW 1,000 Generated 2014-11-01 6.0 months 0.0 months ZMW 270.88 95.4% 50.9% 40.3% 4.2% 0.0% 0.0% 54 - PDF
ZMW 1,500 Real 2014-10-10 6.1 months N/A ZMW 395.46 91.1% 50.6% 36.5% 4.0% 0.0% 0.0% 57 PDF PDF
ZMW 1,500 Generated 2014-11-01 6.0 months 0.0 months ZMW 393.82 91.9% 50.9% 36.9% 4.1% 0.0% 0.0% 57 - PDF
ZMW 1,800 Generated 2014-11-01 6.0 months 0.0 months ZMW 467.58 90.8% 50.9% 35.8% 4.1% 0.0% 0.0% 57 - PDF
ZMW 2,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 659.84 79.1% 50.9% 25.2% 3.0% 0.0% 0.0% 66 - PDF
ZMW 2,400 Generated 2014-11-01 6.0 months 0.0 months ZMW 615.11 89.3% 50.9% 34.4% 4.0% 0.0% 0.0% 58 - PDF
ZMW 3,000 Generated 2014-11-01 9.1 months 0.0 months ZMW 977.25 77.8% 50.9% 24.0% 2.9% 0.0% 0.0% 67 - 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 4,900 Generated 2014-11-01 6.0 months 0.0 months ZMW 1,229.80 87.2% 50.9% 32.2% 4.1% 0.0% 0.0% 60 - PDF
Village Banking Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeFINCA ZambiaInstitutionZM-008-V02-P06ProductZMCountry2014YearRange Number2Institution Data Version01,0002,0003,0004,0005,000Loan Size (all)0%20%40%60%80%100%Full APR (int fee ins tax dep)> 12,0009,4006,3003,100300Number of Borrowers
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  2. ABT
Please note that the information you are viewing is 126 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Access Bank Tanzania Limited Derm HouseNew Bagamoyo RoadDar es SalaamPO Box 95068
Data approved: 2014-09-03
Data version: 3
Age of data: 126 months
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.accessbank.co.tz/
Year established2007
Head of InstitutionRoland Coulon
Regions activeDar es Salaam, Mwanza, Shinyanga, Tabora
# Branches10

Total Portfolio (nat'l)TZS 59,431,169,032
Total Portfolio (USD)USD 37,378,093.73
Active clients with loans25,446
Approximate % female clients20% - 40%
Approximate % urban clients80% - 100%
Network affiliationsAccessBank Group
FundersAccess Microfinance Holding AG ( AccessHolding), IFC, KfW, AfDB

Loan Products » Summary

Business
24,331 Borrowers
USD 36,503,128.91 Portfolio
Active Product
Agroloan
1,115 Borrowers
USD 874,964.82 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan TZS 100,000 - 25,000,000 3 - 24 20% - 40% 80% - 100% Business Women, Men, Have business, operating business atleast for six months Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Agroloan TZS 100,000 - 25,000,000 3 - 18 0% - 20% 0% - 20% Business, Agriculture Women, Men Credit Educ, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 42.0%-66.0% annual, Decl Bal 0 Fees 0 Ins None N/A 52.9% - 64.3% 52.9% - 64.3% 72
Agroloan 42.0%-54.0% annual, Decl Bal 1 Fee 0 Ins None N/A 54% - 56.4% 54% - 56.4% 74
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeBusinessMultipleLoan PurposeABTInstitutionTZ-001-V03-P01TZ-001-V03-P02ProductTZCountry2014YearRange Number3Institution Data Version05,000,00010,000,00015,000,00020,000,00025,000,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 3,6002,7001,800900100Number of Borrowers
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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