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Institution

Harmos Microenterprise Development Ltd Baptist Training Center, Corner Makishi & Great East RdRhodesparkLusakaP.O. Box 33911
Data approved: 2011-12-12
Data version: 1
Age of data: 100 months

Product

Business Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 6,832,397,704
Portfolio (USD)USD 1,320,270.09
Active Clients with Loans9,244
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The target clients that have trading business. The aim is to empower women (mothers) so that there is a direct impact on children in terms of education, nutrition and health.
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 trainingx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size90,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period0.3 months
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 interest4.25%
Highest quoted nominal interest5.25%
Reason(s) why interest rate variesTime as Client, Interest varies in relation to number of loan cycles
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication feeProcessing Fee
% of loan amount - min02.50%
% of loan amount - max02.50%
OR, Fixed amount - min10,0000
Fixed amount - max10,0000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Assurance
% 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?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited18.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountZMK 750,000ZMK 1,500,000ZMK 2,500,000ZMK 4,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-012011-06-132011-06-212011-03-28
Loan Term (Months)4.0 months4.0 months6.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component102.1%101.3%86.6%96.4%
Insurance Component5.1%5.1%3.8%2.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component37.6%37.7%33.7%35.7%
Full APR (int fee ins tax dep)144.9%144.1%124.0%134.9%
Transparency Index35354138
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
1st Valley Bank38,90048,291,000395
AJDFI13,100884,000695
ARDCI44,6009,403,000195
ASA Philippines333,40029,282,000195
ASHI35,4005,231,000695
ASKI60,00015,247,000495
Bangko Kabayan8,9002,373,000295
BSEI60073,000295
CBI8,1002,010,000595
CCT70,3009,504,000495
CEV35,4005,111,000495
DSPI59,3003,676,000395
ECLOF5,4001,836,000495
FCB12,0002,392,000295
FMB2,700710,000295
GM Bank23,5001,553,000395
HSPFI19,1001,899,000295
JVOFI1,300281,000195
Katipunan Bank42,1005,325,000295
KDCI20,5002,095,000395
KGI32,3003,421,000495
KMBI245,00015,098,000195
LTMPC37,4008,935,000395
Mallig Plains6,500641,000295
MILAMDEC29,8003,278,000295
MWIMPC11,8001,740,000494
NWTF105,50012,698,000595
OFMPC4,400964,000195
PBC50,70010,434,000495
PCSD700167,000195
PMPC23,5005,565,000895
RB Angeles9001,502,000295
RB Labason500289,000195
RBLI5,2001,026,000295
RBMI11,9001,750,000295
RMB100173,000195
RSPI39,6002,834,000495
SAFRAGEMC1,100229,000195
Salve10,9001,191,000395
SEDP27,0003,914,000395
TSKI212,90025,187,000295
TSPI264,50031,290,000795
Valient1,700672,000295
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
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