Please note that the information you are viewing is 102 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
Please note that the information you are viewing is 73 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: 102 months

Institution

Mwanga Community Bank MwangaKilimanjaroPO Box 333
Data approved: 2013-04-09
Data version: 2
Age of data: 73 months

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 TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionA.Y.Ghuhia
Regions activeKilimanjaro
# Branches1

Total Portfolio (nat'l)TZS 5,079,003,643
Total Portfolio (USD)USD 3,194,341.91
Active clients with loans4,004
Approximate % female clients20% - 40%
Approximate % urban clients0% - 20%
Network affiliationsTAMFI
Funders

Loan Products » Summary

125 Borrowers
USD 26,628.02 Portfolio
Active Product
SME
40 Borrowers
USD 39,806.76 Portfolio
Low Volume Product
35 Borrowers
USD 24,985.51 Portfolio
Low Volume Product
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

271 Borrowers
USD 243,786.45 Portfolio
Active Product
672 Borrowers
USD 139,436.31 Portfolio
Active Product
521 Borrowers
USD 691,823.90 Portfolio
Active Product
2,162 Borrowers
USD 1,258,917.90 Portfolio
Active Product
340 Borrowers
USD 503,144.65 Portfolio
Low Volume Product
0 Borrowers
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 » 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
Agriculture Loans TZS 500,000 - 5,000,000 12 40% - 60% 0% - 20% Business Women, Men Business Training
Group Loans TZS 100,000 - 2,200,000 3 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Business Training
Business Loans TZS 100,000 - 100,000,000 6 - 24 20% - 40% 0% - 20% Business Women, Men, Have business Tech Asst Visits, Other Training
Salaried Loans TZS 100,000 - 9,000,000 1 - 36 40% - 60% 60% - 80% Consumer Women, Men, Salaried worker Credit Educ, Other Training

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
Agriculture Loans 30.00% annual, Decl Bal 1 Fee 1 Ins None 15.00% upfront 31.9% 40.1% 74
Group Loans 30.00% annual, Flat 1 Fee 1 Ins None 15.00% upfront 57.7% - 61.5% 78.8% - 86.5% 37
Business Loans 21.60% annual, Flat 1 Fee 1 Ins None 15.00% upfront 32.2% - 41.1% 42.8% - 58.4% 43
Salaried Loans 10.00%-18.00% annual, Flat 1 Fee 1 Ins None N/A 34.4% - 37.9% 35.3% - 39.3% 26

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
Agriculture Loans 30.00% annual, Decl Bal 1 Fee 1 Ins Ins None 15.00% upfront 31.9% 40.1% 74
Group Loans 30.00% annual, Flat 1 Fee 1 Ins Ins None 15.00% upfront 57.7% - 61.5% 78.8% - 86.5% 37
Business Loans 21.60% annual, Flat 1 Fee 1 Ins Ins None 15.00% upfront 32.2% - 41.1% 42.8% - 58.4% 43
Salaried Loans 10.00%-18.00% annual, Flat 1 Fee 1 Ins Ins None N/A 34.4% - 37.9% 35.3% - 39.3% 26
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