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Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 109 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


Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,0002103
Ahantaman RB23,8009,896,000485
APED13,7001,876,000285
ASA Initiative4,400577,000485
ASA-Ghana71,60018,385,000285
ASPI80088,000685
Atwima Kwanwoma3,8001,788,000285
Baobab5,100967,000285
BestFUND13,0004,172,000385
Bonzali Rural10,4001,691,0004103
CashPhase83135,000285
CASUD1,100524,000185
CEDEF50054,000485
CFF10013,000185
CRAN3,6001,019,000285
DQF1,70063,000285
EASL9,20011,409,000685
East Mamprusi12,5002,268,000485
ELDA00085
EMPRETEC Ghana20056,000285
FASL13,50014,047,000885
Grameen Ghana9,500507,000385
ID-Ghana5,600953,000385
Innovative Finance2,700354,000385
Kraban Support7,700781,0005103
KRB4,0006,350,000385
Lower Pra RB34,0006,316,0003103
Maata-N-Tudu12,000941,000485
Mail Finance300288,000185
Markaz00085
Markaz Al Bishara10017,000185
MicrofinPlus Gh1,100251,000285
Nwabiagya RB4,0002,265,000385
OISL62,00027,232,000985
Pro Credit00085
Rich Step100101,000185
SAT147,60029,359,000485
Sekam Trust600137,000285
Simli Pong8,900463,0003103
SS Ghana20035,000185
TCCU10032,000385
The Bridge40032,0003103
Union RB3,8002,361,000485
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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