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Institution

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 98 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.meanwoodfinance.co.zm/
Year established2005
Head of InstitutionDaka Timothy
Regions active
# Branches0

Total Portfolio (nat'l)ZMK 9,000,000,000
Total Portfolio (USD)USD 1,739,130.44
Active clients with loans4,889
Approximate % female clients20% - 40%
Approximate % urban clients80% - 100%
Network affiliationsAMIZ
Funders

Loan Products » Summary

163 Borrowers
USD 888,888.89 Portfolio
Active Product
370 Borrowers
USD 177,004.83 Portfolio
Active Product
550 Borrowers
USD 347,826.09 Portfolio
Active Product
374 Borrowers
USD 62,995.17 Portfolio
Active Product
567 Borrowers
USD 289,855.07 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loans ZMK 5,000,000 - 1,100,000,000 1 - 6 20% - 40% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Group Loans ZMK 500,000 - 10,000,000 3 - 6 60% - 80% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Other Training
Personal Loans ZMK 500,000 - 20,000,000 1 - 3 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
Salary Advance ZMK 100,000 - 5,000,000 1 40% - 60% 80% - 100% Education, Other Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
Scheme Loans ZMK 500,000 - 50,000,000 1 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 96.0%-120.0% annual, Flat 2 Fees 0 Ins None N/A 224.9% - 233.5% 224.9% - 233.5% 42
Group Loans 72.0%-96.0% annual, Flat 0 Fees 0 Ins None 10.0% upfront 108.1% - 139.4% 126.6% - 161.7% 49
Personal Loans 120.0%-144.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 217.9% - 229.5% 252% - 265.7% 46
Salary Advance 276.0% annual, Flat 0 Fees 0 Ins None N/A 270.3% - 280.2% 270.3% - 280.2% 100
Scheme Loans 60.0%-96.0% annual, Flat 0 Fees 0 Ins None N/A 77.6% - 146.2% 77.6% - 146.2% 58
Institution Price Graph
Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,000292
Ahantaman RB23,8009,896,000474
APED13,7001,876,000274
ASA Initiative4,400577,000474
ASA-Ghana71,60018,385,000274
ASPI80088,000674
Atwima Kwanwoma3,8001,788,000274
Baobab5,100967,000274
BestFUND13,0004,172,000374
Bonzali Rural10,4001,691,000492
CashPhase83135,000274
CASUD1,100524,000174
CEDEF50054,000474
CFF10013,000174
CRAN3,6001,019,000274
DQF1,70063,000274
EASL9,20011,409,000674
East Mamprusi12,5002,268,000474
ELDA00074
EMPRETEC Ghana20056,000274
FASL13,50014,047,000874
Grameen Ghana9,500507,000374
ID-Ghana5,600953,000374
Innovative Finance2,700354,000374
Kraban Support7,700781,000592
KRB4,0006,350,000374
Lower Pra RB34,0006,316,000392
Maata-N-Tudu12,000941,000474
Mail Finance300288,000174
Markaz00074
Markaz Al Bishara10017,000174
MicrofinPlus Gh1,100251,000274
Nwabiagya RB4,0002,265,000374
OISL62,00027,232,000974
Pro Credit00074
Rich Step100101,000174
SAT147,60029,359,000474
Sekam Trust600137,000274
Simli Pong8,900463,000392
SS Ghana20035,000174
TCCU10032,000374
The Bridge40032,000392
Union RB3,8002,361,000474
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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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