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

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 Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established2004
Head of InstitutionBrian Kofi Kunda
Regions active
# Branches1

Total Portfolio (nat'l)ZMK 96,120,000
Total Portfolio (USD)USD 18,573.91
Active clients with loans43
Approximate % female clients20% - 40%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

13 Borrowers
USD 5,615.37 Portfolio
Low Volume Product
30 Borrowers
USD 12,958.54 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Personal loan ZMK 500,000 - 5,000,000 1 - 12 20% - 40% 80% - 100% Any Purpose, Mostly used for business Women, Men, Reliable income or some kind of collateral Credit Educ
Salary support ZMK 500,000 - 5,000,000 1 - 12 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Personal loan 180.0% annual, Decl Bal 1 Fee 1 Ins None N/A 194.4% - 235.1% 222.7% - 265.1% 75
Salary support 180.0% annual, Decl Bal 1 Fee 1 Ins None N/A 200.4% - 256.5% 229.8% - 288.3% 72
Institution Price Graph
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda
Data approved: 2011-12-07
Data version: 1
Age of data: 150 months

Product

Higher Heights Loan Product 4 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 280,148
Portfolio (USD)USD 142,207.11
Active Clients with Loans188
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Otheraverage of about 50 members
Description
This loan is taken mainly by male farmers in rural areas. This loan is supported by MiDA.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFarmers
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
OtherTraining on access to green energy in their agro-processsing activities
Other (2)
No other services
Eligibility
Menx
Women
Must run a business
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
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size2,052
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average4.0 months
Grace Period
Grace period usage100%
Average grace period8.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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

Higher Heights Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 1,200GHS 1,600GHS 1,800
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-03-292010-03-292010-03-29
Loan Term (Months)10.0 months10.0 months10.0 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 Component26.0%26.0%26.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.0%26.0%26.0%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Higher Heights Loan Price Graphs


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