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

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 156 months

Product

Group Loans Product 2 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 916,000,000
Portfolio (USD)USD 177,004.83
Active Clients with Loans370
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Targeted to a group of people from 5 to 10 who are doing informal busineses (These are mainly Marketeers).
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 training
Other trainingx
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 size10,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 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 interest6.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 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 deposited10.00%
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

Group Loans samples
Sample 1Sample 2Sample 3
Loan AmountZMK 1,500,000ZMK 3,000,000ZMK 5,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-06-042011-05-172011-03-16
Loan Term (Months)6.0 months3.0 months4.0 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 Component139.4%136.9%108.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component22.3%22.0%18.5%
Full APR (int fee ins tax dep)161.7%158.9%126.6%
Transparency Index454557
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Group Loans Price Graphs


Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FONDECO Av. Pedro Ribera MĂ©ndez (Tercer Anillo Interno) esquina Chuubi, entre Av. ParaguĂ¡ y Av. MutualistaSanta Cruz de la Sierra, Bolivia
Data approved: 2013-09-13
Data version: 2
Age of data: 122 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fondeco.org/
Year established1995
Head of InstitutionMarĂ­a Eugenia Moscoso
Regions activeBeni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija
# Branches17

Total Portfolio (nat'l)BOB 165,584,807
Total Portfolio (USD)USD 24,531,082.52
Active clients with loans14,200
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsINAFI, Grameen, FINRURAL
Funders

Loan Products » Summary

11,250 Borrowers
USD 2,961,911.41 Portfolio
Active Product
1,226 Borrowers
USD 15,738,214.84 Portfolio
Active Product
1,724 Borrowers
USD 5,574,480.68 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Fondos Comunales BOB 500 - 15,000 1 - 12 60% - 80% 40% - 60% Any Purpose Women, Men, Cada grupo deber estar compuesto por al menos 75% de mujeres Credit Educ, Group Mtgs, Credit Ins, Other Training
Microcredito - USD USD 500 - 105,000 3 - 60 0% - 20% 0% - 20% Business, Agriculture, Housing, Consumer Women, Men Credit Ins
Microcredito - BOB BOB 3,500 - 735,000 3 - 84 0% - 20% 0% - 20% Business, Agriculture, Housing, Consumer, Education Women, Men Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fondos Comunales 27.0%-32.0% annual, Decl Bal 1 Fee 0 Ins None 10.0%-15.0% upfront 15.00% ongoing 34.5% - 36.2% 41.6% - 55.9% 56
Microcredito - USD 13.0%-36.0% annual, Decl Bal 1 Fee 1 Ins 15.00% Principal N/A 25.3% - 28.7% 26% - 29.3% 47
Microcredito - BOB 13.0%-36.0% annual, Decl Bal 1 Fee 1 Ins None N/A 16.2% - 25.1% 16.3% - 25.7% 62
Institution Price Graph
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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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