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Institution

Kungoma Financial Services Ltd Permanent House, 1st floor room 145L, along Cairo RoadLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 156 months

Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra
Data approved: 2013-03-26
Data version: 2
Age of data: 132 months
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Product Summary

Number borrowers13
Loan Amount (range)ZMK 500,000 - 5,000,000
Loan Term (range)1 - 12
Other Services (text summary)Credit Educ
Annual Interest & Method180.0% annual, Decl Bal
Fees25,000.00 upfront
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component194.4% - 235.1% (Int+Fee)
Insurance Component28.3% - 31.8%
Tax Component Range0
Full APR (int fee ins tax dep)222.7% - 265.1%
Transparency Index (min/max)62 - 81
Transparency Index (average)75

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 29,059,535
Portfolio (USD)USD 5,615.37
Active Clients with Loans13
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The personal loan is available to everybody, also non-salaried workers.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherMostly used for business
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
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
OtherReliable income or some kind of collateral
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (GHS)GHS 7,000
Portfolio (USD)USD 3,553.30
Active Clients with Loans7
Approximate % Female Clients
Approximate % Urban Clients
Description
Designed for commercial car operators (ex. Taxi). Loans are given fo purchasing a vehicle, repairs, etc. Loan ranges from GHS 500-15000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institution2
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size5,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average3.0 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 interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionManagement fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min25,000
Fixed amount - max25,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min2.00%
% of loan amount - max2.00%
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

Personal loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountZMK 600,000ZMK 1,000,000ZMK 1,300,000ZMK 1,900,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-082011-05-052011-05-252011-05-18
Loan Term (Months)1.0 month1.0 month1.0 month1.0 month
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 Component235.1%211.0%202.9%194.4%
Insurance Component30.0%29.0%28.6%28.3%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)265.1%240.0%231.5%222.7%
Transparency Index68757881
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Personal loan Price Graphs


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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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