Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Empowerment Micro Finance institution ltd 72, Sikoongo RoadSiavonga, Zambia, Souther ProvinceP.O.BOX 183
Data approved: 2011-12-12
Data version: 1
Age of data: 156 months

Product

Agricultural Input Loan Product 1 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 198,000,000
Portfolio (USD)USD 38,260.87
Active Clients with Loans73
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan given to farmers to acquire inputs during the planting season. The loan period is 11 months. The installment is low during the first 9 months when farmers are planting and higher during the last two months when the crop is sold in the market.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
OtherMicrocredit Scheme
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 group
OtherSmall scale farmers
Other (2)minimum one hectare
# 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
CurrencyZMK
Minimum loan sizeZMK 2,000,000
Maximum loan size6,000,000
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term11.0 months
Approx average10.5 months
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 interest42.00%
Highest quoted nominal interest42.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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

Agricultural Input Loan samples
Sample 1Sample 2Sample 3
Loan AmountZMK 2,000,000ZMK 4,000,000ZMK 6,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-10-262010-11-192010-10-26
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component56.7%56.8%56.6%
Insurance Component7.8%7.8%7.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)64.5%64.6%64.4%
Transparency Index656565
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Agricultural Input Loan Price Graphs


Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Data approved: 2013-07-16
Data version: 2
Age of data: 133 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.bimaskenya.com
Year established1997
Head of InstitutionPatrick Gathondu
Regions activeCentral, Eastern, Nairobi, Rift Valley
# Branches19

Total Portfolio (nat'l)KES 397,880,258
Total Portfolio (USD)USD 4,805,317.13
Active clients with loans10,118
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

177 Borrowers
USD 36,426.97 Portfolio
Active Product
339 Borrowers
USD 212,004.75 Portfolio
Active Product
1,362 Borrowers
USD 331,099.98 Portfolio
Active Product
176 Borrowers
USD 75,449.82 Portfolio
Active Product
8,244 Borrowers
USD 2,621,006.47 Portfolio
Active Product
715 Borrowers
USD 98,801.78 Portfolio
Active Product
156 Borrowers
USD 1,304,347.83 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 10,000 - 80,000 3 - 12 40% - 60% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Imarika Loan KES 50,000 - 200,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mama Plus Loan KES 10,000 - 200,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mifugo Loan KES 50,000 - 100,000 9 - 12 40% - 60% 40% - 60% Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Msingi Loan KES 20,000 - 300,000 3 - 18 40% - 60% 40% - 60% Business, Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Upesi Loan KES 10,000 - 50,000 3 - 6 40% - 60% 40% - 60% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training, Other Training
Biashara Loan KES 300,000 - 3,000,000 18 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47
Institution Price Graph
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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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