| Outstanding portfolio (BOB) | BOB 2,055,682.21 |
| Portfolio (USD) | USD 300,099.59 |
| Active Clients with Loans | 927 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Up to 10% of GLP can be used for men. |
| Other (2) | New clients need not own business if they have business plan |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 11,001 |
| Maximum loan size | 13,600 |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Comisio por desembolso |
| % of loan amount - min | 20.00% |
| % of loan amount - max | 20.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 13,023.44 | BOB 13,524.34 | BOB 13,524.34 | ||
| Loan Cycle (1, 2, 3, etc) | 19 | 18 | 6 | ||
| Disbursement Date | 2010-04-01 | 2010-03-30 | 2010-03-24 | ||
| Loan Term (Months) | 5.6 months | 5.6 months | 4.7 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 | 35.9% | 40.8% | 36.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 24.7% | 31.8% | 24.9% | ||
| Full APR (int fee ins tax dep) | 60.6% | 72.6% | 60.9% | ||
| Transparency Index | 40 | 33 | 39 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1996 |
| Head of Institution | Dyson Mandivenga |
| Regions active | |
| # Branches | 5 |
| Total Portfolio (nat'l) | ZMK 15,315,329,318 |
| Total Portfolio (USD) | USD 2,959,483.93 |
| Active clients with loans | 6,399 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | AMIZ, Opportunity International Network, AMT, INAFI |
| Funders | Development Aid from People to People (DAPP), HIVOS |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | ZMK 800,000 - 2,000,000 | 3 - 6 | 60% - 80% | 0% - 20% | Business, Agriculture activities | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
| Individual Loan | ZMK 2,000,000 - 250,000,000 | 3 - 24 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training | |||||||
| Solidarity Group Loan | ZMK 1,000,000 - 5,000,000 | 3 - 10 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits | |||||||
| Trust Bank Loan | ZMK 50,000 - 1,500,000 | 4 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 48.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 63.8% - 64.2% | 73.5% - 74% | 65 | ||||||||
| Individual Loan | 60.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.3% - 141.3% | 167.4% - 177.5% | 34 | ||||||||
| Solidarity Group Loan | 72.0%-78.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 138.1% - 143.8% | 165.7% - 171.5% | 42 | ||||||||
| Trust Bank Loan | 60.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 179.3% - 198% | 213.7% - 243.9% | 26 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| 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 ∞ | ||||||
