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Institution

Micro Bankers Trust Head OfficeLusaka
Data approved: 2011-12-12
Data version: 1
Age of data: 98 months

Product

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

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

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

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

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
Individual SME Loan Price Graphs


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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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