2. GBTI
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  2. FINCA Zambia
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Institution

Ghazi Barotha Taraqiati Idara Ghazi Barotha Taraqiati Idara of G.T Road HattianNear Bloom Field Hall School HattianAttock, Punjab43600
Data approved: 2013-11-12
Data version: 1
Age of data: 125 months

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: 114 months
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Product

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Product

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Product Summary

Number borrowers1,520
Loan Amount (range)PKR 5,000 - 32,000
Loan Term (range)12
Other Services (text summary)Group Mtgs, Credit Ins, Tech Asst Visits
Annual Interest & Method28.0% annual, Decl Bal
Fees400.00 upfront
Insurance200.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component27.2% - 27.9%
Fee Component3.1% - 8.0%
Insurance Component1.6% - 4.2%
Tax Component Range0
Full APR (int fee ins tax dep)32.6% - 40.1%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

5,473
ZMW 1,500 - 100,000
6 - 24
Credit Ins
51.4%-52.0% annual, Decl Bal
7.96%-8.00% upfront 75.00-125.00 upfront
1.00% upfront
None
N/A
 
50.6% - 50.9%
15.8% - 40.3%
1.7% - 4.2%
0
68.4% - 81.4%
54 - 75
69

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 16,397,909
Portfolio (USD)USD 167,325.60
Active Clients with Loans1,520
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
To enable the poor rural community to increase their house hold income by managing livestock for breeding and milk production.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveKhyber Pakhtunkwa, Punjab

Product Details

Key Statistics
Outstanding portfolio (ZMW)ZMW 45,786,720
Portfolio (USD)USD 7,150,968.24
Active Clients with Loans5,473
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The FINCA Business Loan is an individual loan that offers flexible monthly repayment terms, competitive interest rates, Credit Life Assurance and Funeral benefits. Moreover, this is a loan product that is customized to your needs
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
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
OtherMust have a valid National Registration Card
Other (2)Must have business or personal assets to pledge
# 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
CurrencyPKR
Minimum loan sizePKR 5,000
Maximum loan size32,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0005%
PKR 10,000-25,00090%
PKR 25,000-50,0005%
PKR 50,000-75,0000
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period7 days
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
CurrencyZMW
Minimum loan sizeZMW 1,500
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than ZMW 5000
ZMW 500-2,0000
ZMW 2,000-3,2505%
ZMW 3,250-4,5005%
ZMW 4,500-6,00015%
Greater than ZMW 6,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average11.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months20%
Between 10 and 12 months60%
Between 13 and 18 months10%
Longer than 18 months5%
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 interest28.00%
Highest quoted nominal interest28.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min400
Fixed amount - max400
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCommunity Health Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min200
Fixed amount - max200
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 interest4.28%
Highest quoted nominal interest4.33%
Reason(s) why interest rate variesLoan Size, N/A
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 and Credit Reference Fee
% of loan amount - min7.96%0
% of loan amount - max8.00%0
OR, Fixed amount - min075
Fixed amount - max0125
Reason for variation1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. The processing fee varies depending on the loan cycle. Repeat clients are offered a lower processing fee.Asset Inspection Fee = 25; CRF 50 for loan < 15,000 and 100 ZMW for loan between 15,000 to 100,000ZMW
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

Full Pricing Data

Livestock samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPKR 10,000PKR 15,000PKR 20,000PKR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-072014-02-012014-01-202014-02-01
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)-0.1 months-0.1 months0.0 months-0.1 months
Total Cost of CreditPKR 2,182PKR 2,970PKR 3,693PKR 4,552
True Price by Comp       
Interest price component27.9%27.9%27.2%27.9%
Fee Component8.0%5.3%3.9%3.1%
Insurance Component4.2%2.7%2.0%1.6%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.1%35.9%33.1%32.6%
Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Business Loans samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
ZMW 2,100 Generated 2014-11-01 12.2 months 0.0 months ZMW 923.29 81.4% 50.9% 28.1% 2.4% 0.0% 0.0% 63 - PDF
ZMW 3,500 Generated 2014-11-01 12.2 months 0.0 months ZMW 1,482.15 77.5% 50.9% 24.2% 2.4% 0.0% 0.0% 66 - PDF
ZMW 4,165 Generated 2014-11-01 12.2 months 0.0 months ZMW 1,752.86 76.9% 50.9% 23.6% 2.4% 0.0% 0.0% 67 - PDF
ZMW 4,900 Generated 2014-11-01 18.2 months 0.0 months ZMW 2,815.28 69.0% 50.9% 16.4% 1.7% 0.0% 0.0% 74 - PDF
ZMW 5,635 Generated 2014-11-01 18.2 months 0.0 months ZMW 3,218.82 68.4% 50.9% 15.8% 1.7% 0.0% 0.0% 75 - PDF
ZMW 6,300 Generated 2014-11-01 12.2 months 0.0 months ZMW 2,594.88 74.8% 50.9% 21.5% 2.4% 0.0% 0.0% 69 - PDF
ZMW 7,000 Generated 2014-11-01 12.2 months 0.0 months ZMW 2,869.31 74.3% 50.9% 21.1% 2.3% 0.0% 0.0% 69 - PDF
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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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