2. TMFB
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  2. FINCA Zambia
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Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2015-04-15
Data version: 2
Age of data: 108 months
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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: 115 months
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Product

Tameer Sarmaya Qarza (TSQ) Product 1 of 7 « Prev | Next »

Product

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Product Summary

Number borrowers89,701
Loan Amount (range)PKR 10,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method27.0%-33.0% annual, Flat
Fees0.00%-2.00%, 600.00 min upfront
InsuranceNone
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component23.8% - 45.8%
Fee Component2.1% - 7.8%
Insurance Component0
Tax Component Range0.3% - 1.3%
Full APR (int fee ins tax dep)26.3% - 31.9%
Transparency Index (min/max)45 - 100
Transparency Index (average)95

Product Summary

25,762
ZMW 150 - 12,500
6 - 12
Credit Educ, Group Mtgs, Credit Ins, Funeral benefits
52.0% annual, Decl Bal
7.96%-8.00% upfront 25.00 upfront
1.00% upfront
None
N/A
 
50.6% - 50.9%
15.8% - 40.3%
1.7% - 4.2%
0
77.8% - 95.4%
54 - 75
59

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 5,664,915,850
Portfolio (USD)USD 55,629,473.65
Active Clients with Loans89,701
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
TSQ is a loan product that allows potential customers to borrow against their collateral (gold / gold ornaments/ term deposits) to meet their short / mid-term liquidity requiremets.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
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 institution5
# Regions for this product4
Regions ActiveBalochistan, Khyber Pakhtunkwa, Punjab, Sindh

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
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0005%
PKR 25,000-50,00040%
PKR 50,000-75,00050%
PKR 75,000-150,0005%
Greater than PKR 150,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months80%
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
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

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 interest27.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
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 - max2.00%
OR, Fixed amount - min600
Fixed amount - max0
Reason for variation%age of loan amount or fixed amount-whichever is higher
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?Yes
Percentage of fees16%
All or some fees taxedSome

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

Tameer Sarmaya Qarza (TSQ) 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
PKR 64,960 Generated 2015-06-01 8.8 months N/A PKR 14,337.12 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 64,960 Real 2015-03-07 8.9 months N/A PKR 13,999.87 27.0% 23.8% 2.7% 0.0% 0.5% 0.0% 100 PDF PDF
PKR 29,760 Real 2015-02-12 8.9 months N/A PKR 6,634.27 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 PDF PDF
PKR 29,760 Generated 2015-06-01 8.8 months N/A PKR 6,571.69 27.9% 24.6% 2.8% 0.0% 0.5% 0.0% 97 - PDF
PKR 15,000 Generated 2015-06-01 8.9 months N/A PKR 3,691.89 31.1% 24.6% 5.5% 0.0% 1.0% 0.0% 87 - PDF
PKR 26,000 Generated 2015-06-01 8.9 months N/A PKR 5,886.56 28.3% 24.6% 3.2% 0.0% 0.5% 0.0% 95 - PDF
PKR 30,000 Generated 2015-06-01 8.9 months N/A PKR 6,687.78 27.8% 24.6% 2.8% 0.0% 0.4% 0.0% 97 - PDF
PKR 51,000 Generated 2015-06-01 11.8 months N/A PKR 14,764.57 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 60,000 Generated 2015-06-01 11.8 months N/A PKR 17,370.08 26.3% 23.9% 2.1% 0.0% 0.3% 0.0% 100 - PDF
PKR 90,000 Generated 2015-06-01 5.9 months N/A PKR 14,959.23 31.9% 27.1% 4.1% 0.0% 0.7% 0.0% 85 - PDF

Full Pricing Data

Village Banking 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 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
Tameer Sarmaya Qarza (TSQ) Price Graphs


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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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