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Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 156 months

Institution

CRÉDITO CON EDUCACIÓN RURAL Calle Presbítero Medina Nº 2931 (Final-Pasaje Lastra)La Paz, La Paz13748
Data approved: 2011-02-21
Data version: 1
Age of data: -   months 

Product

Individual SME Loan Product 3 of 5 « Prev | Next »

Product

Banca Comunal Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers63
Loan Amount (range)ZMK 1,000,000 - 10,000,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Business Training
Annual Interest & Method60.0%-72.0% annual, Decl Bal
Fees3.00% upfront 20,000.00 upfront
Insurance2.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component67.6% - 70.0% (Int+Fee)
Insurance Component2.3% - 4.7%
Tax Component Range0
Full APR (int fee ins tax dep)72.2% - 74.7%
Transparency Index (min/max)0 - N/A
Transparency Index (average)82

Product Summary

8,700
BOB 6,000 - 180,000
6 - 8
Credit Educ, Group Mtgs, Credit Ins
36.0% annual, Decl Bal
None
None
None
N/A
 
0
N/A

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 291,710,362
Portfolio (USD)USD 56,369.15
Active Clients with Loans63
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product facilitates financing for various activities, such as business or consumption. Both men and women qualify for this product. The maximum loan term is 1 year.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherEither run a business or be salaried
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 197,921,983
Portfolio (USD)USD 28,684,345.36
Active Clients with Loans8,700
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
La tecnología financiera de CRECER se denomina "Banca Comunal", un sistema de organización y administración que combina la gestión financiera con la educación. Las Bancas Comunales están constituidas por un nàºmero determinado de socias, administradas por una Mesa Directiva, conformada internamente. La Banca Comunal es un espacio de negocios, pero también un lugar de intercambio, solidaridad y participación. Este sistema ha demostrado durante los 10 años de su aplicación, la capacidad organizativa, orden y disciplina interna, constituyéndose además en una muestra palpable de que la confianza otorgada a nuestras socias y la apertura de espacios para la administración directa, la planificación y el control, pueden ser altamente eficientes y adecuadas.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household financex
OtherCapital de Operación-Inversión
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 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 1,000,000
Maximum loan size10,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 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

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 6,000
Maximum loan size180,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest60.00%
Highest quoted nominal interest72.00%
Reason(s) why interest rate variesPhasing out the 60% and changing it to 72%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing feeApplication form
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min020,000
Fixed amount - max020,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
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 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

Individual SME Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountZMK 1,300,000ZMK 3,000,000ZMK 3,900,000ZMK 4,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-02-282011-02-282011-02-282011-02-28
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component70.0%68.0%67.6%67.6%
Insurance Component4.7%4.6%4.6%4.6%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)74.7%72.6%72.3%72.2%
Transparency Index80838383
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Banca Comunal samples
No sample data for this product
Individual SME Loan Price Graphs


Banca Comunal Price Graphs
No sample data for this product
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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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