Please note that the information you are viewing is 64 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: 64 months
Choose version

Institution

COOPERATIVA DE AHORRO Y CREDITO FATIMA LTDA. CALLE OBISPO PEÑA No 63Santa Cruz, Santa Cruz
Data approved: 2010-10-28
Data version: 1
Age of data: 115 months

Product

Small Enterprise Loan Product 7 of 7 « Prev | Next »

Product

Diamante - USD Product 5 of 7 « Prev | Next »

Product Summary

Number borrowers113
Loan Amount (range)ZMW 100,000 - 600,000
Loan Term (range)12 - 36
Other Services (text summary)Credit Ins
Annual Interest & Method49.6% annual, Decl Bal
Fees7.96%-8.00% upfront 225.00 upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component50.6% - 50.9%
Fee Component15.8% - 40.3%
Insurance Component1.7% - 4.2%
Tax Component Range0
Full APR (int fee ins tax dep)0
Transparency Index (min/max)54 - 75
Transparency Index (average)N/A

Product Summary

458
USD 1,001 - 15,000
60
Credit Educ, Credit Ins, Tech Asst Visits
16.0% annual, Decl Bal
6.00% ongoing
None
3.00 fixed
10.0% upfront
 
N/A
16.9% - 17.0% (Int+Fee)
0 - 0.8%
0.3% - 6.6%
17.3% - 17.4%
58 - 92
92

Product Details

Key Statistics
Outstanding portfolio (ZMW)ZMW 14,426,065
Portfolio (USD)USD 2,253,062.30
Active Clients with Loans113
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These are individual loans meant for the small medium enterprise sector. These loans are easily accessible with very competitive interest rates and minimum documentation required.
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
Other
Other (2)
# 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

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,464,515
Portfolio (USD)USD 3,464,515
Active Clients with Loans458
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
CREDITO DIAMANTE DE LIBRE DISPONIBILIDAD, CON GARANTIA PERSONAL Y PATRIMONIO SUSTENTADO
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# 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
CurrencyZMW
Minimum loan sizeZMW 100,000
Maximum loan size600,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average20.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months50%
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

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,001
Maximum loan size15,000
Loan Term and Grace Period
Shortest loan term60.0 months
Longest loan term60.0 months
Approx average0
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 interest4.13%
Highest quoted nominal interest4.13%
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 - min0225
Fixed amount - max0225
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 ZMW; CRF = 200 ZMW
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

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest16.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSeguro de Vida
% of loan amount - min6.00%
% of loan amount - max6.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Impuesto en vias de eliminacion.

Full Pricing Data

Small Enterprise Loan samples
No sample data for this product

Full Pricing Data

Diamante - USD samples
Sample 1Sample 2Sample 3
Loan AmountUSD 12,000USD 15,000USD 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-09-212010-08-122010-09-21
Loan Term (Months)60.0 months60.0 months60.0 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 Component16.9%17.0%16.9%
Insurance Component0.0%0.0%0.0%
Tax Component0.5%0.4%0.4%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)17.4%17.4%17.3%
Transparency Index929292
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Small Enterprise Loan Price Graphs
No sample data for this product
Diamante - USD Price Graphs


Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to