Please note that the information you are viewing is 103 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 74 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: 103 months

Institution

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 74 months

Product

Microcredit Product 1 of 1 « Prev | Next »

Product

Small Business Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers30
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 & Method120.0% annual, Flat
Fees100,000.00 upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component144.6% - 471.0% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)144.6% - 471.0%
Transparency Index (min/max)25 - 83
Transparency Index (average)55

Product Summary

58
TZS 1,000,000 - 45,000,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
10.00%-24.00% annual, Flat
3 fees
1.00% upfront
None
N/A
 
10.1% - 75.8%
3.8% - 19.1%
1.2% - 5.6%
0
61.2% - 77.0%
4 - 48
15

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 10,000,000
Portfolio (USD)USD 1,932.37
Active Clients with Loans30
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity groupx
Village banking
Self help groupx
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 generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
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
OtherSecurities like goats, tractor, etc.
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 (TZS)TZS 1,755,687,167
Portfolio (USD)USD 1,104,205.77
Active Clients with Loans58
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It provides business capital to consumers and offers clients a flexible repayment model.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
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 worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveRuvuma

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 200,000
Maximum loan size2,000,000
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 paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 1,000,000
Maximum loan size45,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0000
TZS 350,000-1,250,00015%
TZS 1,250,000-2,000,00015%
TZS 2,000,000-3,000,00010%
TZS 3,000,000-4,000,00020%
Greater than TZS 4,000,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less30%
Between 4 and 6 months40%
Between 7 and 9 months15%
Between 10 and 12 months5%
Between 13 and 18 months10%
Longer than 18 months0
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 interest10.00%
Highest quoted nominal interest10.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAdmin Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100,000
Fixed amount - max100,000
Reason for variationn/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 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 interest10.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesLoan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Application FeeLegal Set Up Fee
% of loan amount - min1.00%1.00%
% of loan amount - max1.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
Ongoing Fees
Fee 1
DescriptionMonthly Monitoring Fee
% of loan amount - min0.17%
% of loan amount - max0.17%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationPercentage of disbursed amount charged per month which is equivalent to 2% per annum.
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
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

Microcredit samples
Sample 1Sample 2Sample 3
Loan AmountZMK 300,000ZMK 500,000ZMK 1,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-12-152010-06-152010-08-08
Loan Term (Months)1.0 month2.0 months6.0 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 Component471.0%210.8%144.6%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)471.0%210.8%144.6%
Transparency Index255783
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Small Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 1,000,000TZS 2,000,000TZS 3,000,000TZS 4,000,000TZS 5,000,000
Loan Cycle (1, 2, 3, etc)11111
Disbursement Date2013-04-102013-02-232013-02-082013-04-022013-02-15
Loan Term (Months)5.0 months11.0 months11.0 months11.0 months11.0 months
Grace Period (Months)-1.0 months-1.0 months-1.0 months-1.0 months-1.0 months
Total Cost of CreditTZS 160,000TZS 580,000TZS 870,000TZS 1,160,000TZS 1,450,000
True Price by Comp         
Interest price component56.6%49.8%49.8%50.1%49.8%
Fee Component15.1%8.9%8.8%8.9%8.8%
Insurance Component5.3%2.5%2.6%2.6%2.6%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)77.0%61.2%61.2%61.6%61.2%
Transparency Index1316161616
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Microcredit Price Graphs


Small Business Loan Price Graphs


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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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