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Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 102 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
Adhikar35,3002,674,000178
AMPL00078
Arman41,500529,107,000178
Arohan43,5008,091,000278
ASA INDIA164,00015,380,000178
Asirvad113,50019,328,000178
Asmitha1,114,800217,867,000178
Bandhan4,048,600674,564,000578
Belstar123,00023,945,000257
BSFL275,20031,590,000378
Chaitanya20,7003,748,000378
Disha Microfin69,00014,332,000278
Equitas1,220,000186,415,000478
ESAF354,20043,500,000578
FFSL150,60035,719,000278
Fusion66,8009,820,000278
Grama Vidiyal738,200102,101,000178
Grameen Koota586,60083,555,0001580
Janalakshmi506,000119,077,000278
L & T Finance399,80037,199,000178
MFL331,80049,083,000178
MMFL175,00023,752,000278
Mpower13,6002,263,000278
Sahayata00078
Saija24,7004,682,000278
Samasta45,5004,809,000278
Satin405,60090,174,000278
SCCI115,60015,910,000278
Share2,195,400376,727,000178
SKS3,409,000355,029,000278
SMILE360,20056,927,000178
SNFL9,4001,779,000178
Sonata Finance158,20022,724,000380
Spandana533,400147,240,000278
Suryoday78,60014,713,000378
SVCL118,20018,886,000178
Swadhaar92,80017,166,000378
Trident68,7008,852,000178
Ujjivan913,300160,848,000578
Utkarsh168,60025,915,000378
VFS175,40019,264,000278
Asomi50,3004,743,0002111
AES India3,600286,0001111
Arth2,900611,0002111
Asomi50,3004,743,0002111
Barasat GS1,10099,508.021111
BJS6,000468,0001111
Cashpor417,00050,452,0001110
Credible10,0001,669,540.362111
DIBAKAR1,800145,0001110
GOF65,2005,388,0004110
Hope62,6004,407,0001108
Jaago2,700237,0001109
LOK4,900573,0001110
Nano25,6003,660,0002111
NBSAAVS28,1002,821,0001108
Nirantara8,200917,0002110
Parama7,100482,0001110
Pragathi26,2004,579,0006110
PWMACS36,5005,946,0001110
Saadhana90,90012,046,0002110
Sambhav1,500183,0003110
Seba Rahara6,700468,0001110
SU61,1005,498,0001110
Swayanshree7,900918,0002110
Vikas Samiti1,600168,0001110
Vistaar4,3001,157,0002108
We The People1,100244,0002110
WEMCS1,10085,0001110
Yukti1,10099,0002110
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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