Please note that the information you are viewing is 103 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 103 months

Product

Equipment Loan Product 2 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 1,114,727,511
Portfolio (USD)USD 215,406.28
Active Clients with Loans110
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product is targeted at small-scale farmers. It facilitates a procurement of equipment for irrigation and mechanization activities. The maximum loan term is 36 months. It is also collateral-based, targeted at individuals with securities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFarmining business for throughout the year
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
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
OtherMust have a farm holding and source of water throughout the year
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 2,000,000
Maximum loan size50,000,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage100%
Average grace period3.0 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 interest25.00%
Highest quoted nominal interest25.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Assurance
% 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

Equipment Loan samples
Sample 1Sample 2Sample 3
Loan AmountZMK 2,500,000ZMK 4,000,000ZMK 5,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-08-102011-08-102011-08-10
Loan Term (Months)24.0 months24.0 months24.0 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 Component28.1%28.1%28.5%
Insurance Component2.3%2.3%2.3%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.4%30.4%30.8%
Transparency Index828281
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Equipment Loan Price Graphs


Please note that the information you are viewing is 69 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 69 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.grupofortaleza.com.bo/
Year established2002
Head of InstitutionNelson Hinojosa Jimenez
Regions activeChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija
# Branches7

Total Portfolio (nat'l)BOB 1,120,213,180
Total Portfolio (USD)USD 165,957,508.10
Active clients with loans21,147
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliationsASOFIN
Funders

Loan Products » Summary

95 Borrowers
USD 499,392.15 Portfolio
Active Product
2,823 Borrowers
USD 6,100,231.85 Portfolio
Active Product
2,718 Borrowers
USD 14,907,731.41 Portfolio
Active Product
2,690 Borrowers
USD 16,320,515.11 Portfolio
Active Product
196 Borrowers
USD 2,015,204.89 Portfolio
Active Product
530 Borrowers
USD 11,239,311.26 Portfolio
Active Product
151 Borrowers
USD 2,703,121.78 Portfolio
Active Product
2,546 Borrowers
USD 14,443,357.93 Portfolio
Active Product
3,990 Borrowers
USD 32,908,317.33 Portfolio
Active Product
4,344 Borrowers
USD 63,268,850.07 Portfolio
Active Product
42 Borrowers
USD 113,868 Portfolio
Low Volume Product
1 Borrowers
USD 798.07 Portfolio
Low Volume Product
5 Borrowers
USD 10,081.63 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
Anticrédito Hoy BOB 15,000 - 140,000 25 - 62 40% - 60% 60% - 80% Business, Activo Fijo Women, Men, Have business, Salaried worker Credit Ins
Dinero Hoy BOB 15,000 - 30,000 6 - 50 40% - 60% 60% - 80% Any Purpose Women, Men, Have business, Salaried worker Credit Ins
Linea de Credito Optima BOB 14,000 - 140,000 27 - 118 20% - 40% 60% - 80% Any Purpose Women, Men, Have business, Salaried worker Credit Ins
Crédito Tasa 0 BOB 1,440 - 35,000 24 - 61 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito Capital Expreso BOB 70,000 - 350,000 5 - 69 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito Hipotecario de Vivienda BOB 70,000 - 14,000,000 24 - 305 0% - 20% 60% - 80% Vivienda Women, Men, Have business, Salaried worker Credit Ins
Crédito Vehículo Nuevo BOB 40,000 - 700,000 49 - 98 20% - 40% 60% - 80% Uso particular compra vehiculo nuevo Women, Men, Salaried worker Credit Ins
Crédito de Consumo BOB 16,000 - 600,000 1 - 152 20% - 40% 60% - 80% Any Purpose Women, Men, Salaried worker Credit Ins
Crédito para Capital de Operaciones BOB 16,000 - 350,000 3 - 119 40% - 60% 60% - 80% Business Women, Men, Have business Credit Ins
Crédito para Capital de Inversión BOB 16,000 - 350,000 3 - 244 20% - 40% 60% - 80% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Anticrédito Hoy 20.0% annual, Decl Bal 0 Fees 1 Ins None N/A 20.1% 21% 96
Dinero Hoy 22.0% annual, Decl Bal 0 Fees 1 Ins None N/A 22.1% 22.9% 96
Linea de Credito Optima 21.6% annual, Decl Bal 0 Fees 1 Ins None N/A 21.7% 22.5% 96
Crédito Tasa 0 19.0% annual, Decl Bal 0 Fees 1 Ins None N/A 19.1% 20% 95
Crédito Capital Expreso 15.5% annual, Decl Bal 0 Fees 1 Ins None N/A 15.2% - 17.9% 16% - 20% 59
Crédito Hipotecario de Vivienda 11.0%-18.5% annual, Decl Bal 0 Fees 1 Ins None N/A 15.3% - 18.6% 16.4% - 19.5% 43
Crédito Vehículo Nuevo 12.0% annual, Decl Bal 0 Fees 1 Ins None N/A 12.1% 13% 62
Crédito de Consumo 17.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 17.1% - 27.6% 18% - 28.4% 100
Crédito para Capital de Operaciones 18.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 18.6% - 27.6% 19.5% - 28.4% 100
Crédito para Capital de Inversión 18.0%-27.5% annual, Decl Bal 0 Fees 1 Ins None N/A 18.1% - 27.6% 19% - 27.8% 100
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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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