Zambia Child Resources Centre - Microcredit - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Zambia Child Resources Centre Head OfficeLusakaPO Box 31097

Data approved: 2011-12-12

Data version: 1

Age of data: 157 months

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Institution

Vistaar Livelihood Financial services Private Limited No 9,37th Main 3rd Cross. KAS officers layoutBTM 2nd StageBangalore, karnataka560076

Data approved: 2011-01-23

Data version: 1

Age of data: 162 months

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Product

Microcredit Product 1 of 1 « Prev | Next »

Product

High Ticket livelihood Group Loan Product Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers	30
Loan Amount (range)	ZMK 200,000 - 2,000,000
Loan Term (range)	3 - 12
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method	120.0% annual, Flat
Fees	100,000.00 upfront
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	N/A
Fee Component	144.6% - 471.0% (Int+Fee)
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	144.6% - 471.0%
Transparency Index (min/max)	25 - 83
Transparency Index (average)	55

Product Summary

713
INR 18,750 - 24,750
18 - 24
Group Mtgs
27.0% annual, Decl Bal
350.00-600.00 upfront
190.00-240.00 upfront
None
N/A

N/A
29.4% - 30.1% (Int+Fee)
0.7% - 1.8%
0
30.8% - 31.8%
84 - 88
87

Product Details

Key Statistics

Outstanding portfolio (ZMK)	ZMK 10,000,000
Portfolio (USD)	USD 1,932.37
Active Clients with Loans	30
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group	x
Other

Description

The microcredit product is meant to empower less privileged women and youth especially in vulnerable communities in Zambia

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education	x
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Securities like goats, tractor, etc.
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 14,160,506.44
Portfolio (USD)	USD 267,179.37
Active Clients with Loans	713
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This loan is given to womens in group of 4 to 6 with minimum of 2 to max of 5 such group per center. The women should be involved in livelihoods like dairy,powerloom,handloom,small businesses etc

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	ZMK
Minimum loan size	ZMK 200,000
Maximum loan size	2,000,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 18,750
Maximum loan size	24,750

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	0
INR 15,000-25,000	100%
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	18.0 months
Longest loan term	24.0 months
Approx average	18.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	10.00%
Highest quoted nominal interest	10.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Admin Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	100,000
Fixed amount - max	100,000
Reason for variation	n/a
Appears on Repayment Sched?	Yes

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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	27.00%
Highest quoted nominal interest	27.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	350
Fixed amount - max	600
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee (Voluntary) including Spouse (including Service Tax)
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	190
Fixed amount - max	240
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

The insurance is not a credit shield but a term life insurnace policy offered to both the customer & the spouse. The sum assured is constant throughout the loan period & is taken as the 2K+ the loan amount. The processing fee varies from 1.82 to 2.5 % based on the loan amount.

Full Pricing Data

Microcredit samples

	Sample 1	Sample 2	Sample 3
Loan Amount	ZMK 300,000	ZMK 500,000	ZMK 1,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-12-15	2010-06-15	2010-08-08
Loan Term (Months)	1.0 month	2.0 months	6.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	471.0%	210.8%	144.6%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	471.0%	210.8%	144.6%
Transparency Index	25	57	83

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Full Pricing Data

High Ticket livelihood Group Loan Product samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 18,750	INR 18,750	INR 21,750	INR 24,750
Loan Cycle (1, 2, 3, etc)	1	1	Not Known	Not Known
Disbursement Date	2010-12-04	2010-12-10	2010-12-11	2010-12-11
Loan Term (Months)	18.0 months	16.8 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	29.4%	30.1%	29.7%	29.7%
Insurance Component	1.6%	1.7%	1.1%	1.1%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.0%	31.8%	30.8%	30.8%
MFIN MFI Earning (Annualised)	29.4%	30.1%	29.7%	29.7%
MFIN Cost to Borrower (Annualised)	31.0%	31.8%	30.8%	30.8%
Transparency Index	87	85	88	88
MFIN Transparency Index	N/A	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Microcredit Price Graphs

Click to view Price Analysis Tool

High Ticket livelihood Group Loan Product Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Microcredit samples

Full Pricing Data

High Ticket livelihood Group Loan Product samples

Microcredit Price Graphs

High Ticket livelihood Group Loan Product Price Graphs

Total Borrowers of Samples

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