2. FINCA Zambia
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  2. FITSE
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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: 114 months
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Institution

Finance Trust For The Self Employed Private Bag A232Lilongwe, Central Region
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.finca.org/
Year established2001
Head of InstitutionThomas Lendzian
Regions activeCentral Province, Copperbelt Province, Eastern Province, Lusaka Province, Southern Province
# Branches14

Total Portfolio (nat'l)ZMW 105,140,570
Total Portfolio (USD)USD 16,420,850.34
Active clients with loans43,773
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsFINCA International
FundersINVESTOR! FINCA MICROFINANCE COOPERATIEF U.A. (NETHERLANDS), DONOR! MASTERCARD FOUNDATION

Institution Details

Institution TypeTrust
Is this institution regulated?Yes
Website addressN/A
Year established2000
Head of InstitutionAbebe Kebede
Regions active0
# Branches2

Total Portfolio (nat'l)MWK 65,000,000
Total Portfolio (USD)USD 433,333.33
Active clients with loans4,200
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsMalawi Microfinance Network (MAMN)
FundersVision Fund International, World Vision International, World Vision, MALAWI (ADP)

Loan Products » Summary

Business
5,473 Borrowers
USD 7,150,968.24 Portfolio
Active Product
Small Group
12,425 Borrowers
USD 3,537,581.12 Portfolio
Active Product
Village Bank
25,762 Borrowers
USD 3,479,238.69 Portfolio
Active Product
Enterprise
113 Borrowers
USD 2,253,062.30 Portfolio
Active Product
Business
Retired Product
Small Grp
Retired Product
Village
Retired Product

Loan Products » Summary

Agricultural loan I (Irrigation loan - Group)
1,035 Borrowers
USD 158,495 Portfolio
Active Product
Agricultural Loan II (Rain fed - Group)
435 Borrowers
USD 36,728 Portfolio
Active Product
Business Loan I (Group)
1,780 Borrowers
USD 134,206 Portfolio
Active Product
Business Loan II (Group)
1,100 Borrowers
USD 114,940 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loans ZMW 1,500 - 100,000 6 - 24 60% - 80% 20% - 40% Business Women, Men, Have business, Must have a valid National Registration Card, Must have business or personal assets to pledge Credit Ins
Small Group Loan ZMW 1,200 - 15,000 6 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Must be a member of a self selected solidarity group Group Mtgs, Credit Ins
Village Banking Loans ZMW 150 - 12,500 6 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Must be a member of a self selected village bank Credit Educ, Group Mtgs, Credit Ins, Funeral benefits
Small Enterprise Loan ZMW 100,000 - 600,000 12 - 36 60% - 80% 20% - 40% Business Women, Men, Have business Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural loan I (Irrigation loan - Group) MWK 30,000 - 40,000 4 - 12 40% - 60% 0% - 20%
Agricultural Loan II (Rain fed - Group) MWK 12,000 - 25,000 6 - 10 40% - 60% 0% - 20%
Business Loan I (Group) MWK 5,000 - 45,000 4 - 12 40% - 60% 0% - 20%
Business Loan II (Group) MWK 10,000 - 78,000 6 - 9 40% - 60% 80% - 100%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 51.4%-52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 66.7% - 79% 68.4% - 81.4% 69
Small Group Loan 52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 70.3% - 91% 72.6% - 95.2% 63
Village Banking Loans 52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 74.9% - 91.2% 77.8% - 95.4% 59
Small Enterprise Loan 49.6% annual, Decl Bal 2 Fees 1 Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural loan I (Irrigation loan - Group) 48.00% annual, Flat 2 Fees 0 Ins 17.2% - 30.6% 21.5% - 39.2%
Agricultural Loan II (Rain fed - Group) 48.00% annual, Flat 1 Fee 0 Ins 30.1% - 32% 38.4% - 41.3%
Business Loan I (Group) 48.00% annual, Flat 1 Fee 0 Ins 89.8% 129.8%
Business Loan II (Group) 48.00% annual, Flat 1 Fee 0 Ins 89.8% 129.8%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 51.4%-52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 66.7% - 79% 68.4% - 81.4% 69
Small Group Loan 52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 70.3% - 91% 72.6% - 95.2% 63
Village Banking Loans 52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 74.9% - 91.2% 77.8% - 95.4% 59
Small Enterprise Loan 49.6% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural loan I (Irrigation loan - Group) 48.00% annual, Flat 2 Fees 0 Ins Ins 17.2% - 30.6% 21.5% - 39.2%
Agricultural Loan II (Rain fed - Group) 48.00% annual, Flat 1 Fee 0 Ins Ins 30.1% - 32% 38.4% - 41.3%
Business Loan I (Group) 48.00% annual, Flat 1 Fee 0 Ins Ins 89.8% 129.8%
Business Loan II (Group) 48.00% annual, Flat 1 Fee 0 Ins Ins 89.8% 129.8%
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Loan Portfolio (USD)
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