- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Banco Solidario	79,700	221,716,000	1	163
CEPESIU	2,000	939,000	4	163
COAC 4 Octubre	2,200	5,771,000	2	163
COAC Ambato	1,300	16,415,000	2	163
COAC FondVida	2,500	4,200,000	4	163
COAC LaBenefica	2,500	8,482,000	6	163
COAC MCCH	5,300	10,020,000	2	163
COAC Nacional	30,700	27,129,000	2	163
COAC San José	10,400	29,133,000	5	163
COAC SanAntonio	1,000	2,384,000	3	163
COAC SantaAnita	2,000	2,532,000	6	163
Codesarrollo	14,400	40,328,000	7	163
Coop San Miguel	1,800	4,754,000	5	160
CooP VPR	700	1,052,000	4	163
Cooprogreso	7,900	32,244,000	4	163
Credi Fe	100,900	380,039,000	4	163
D^Miro	36,900	27,692,000	9	156
DECOF	2,200	705,000	2	163
Espoir	62,100	21,036,000	5	163
FODEMI	28,200	12,924,000	3	163
Fundacion Alternativa	4,300	5,545,000	2	163
FUNDAMIC	2,000	1,468,000	2	163
INSOTEC	7,000	6,047,000	4	163
Luz del Valle	6,400	11,300,000	3	163
ProCredit	43,800	211,941,000	2	163
PS Ambato	5,600	2,771,000	1	163

Please note that the information you are viewing is 156 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Empowerment Micro Finance institution ltd 72, Sikoongo RoadSiavonga, Zambia, Souther ProvinceP.O.BOX 183

Data approved: 2011-12-12

Data version: 1

Age of data: 156 months

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Product

Agricultural Input Loan Product 1 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ZMK)	ZMK 198,000,000
Portfolio (USD)	USD 38,260.87
Active Clients with Loans	73
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loan given to farmers to acquire inputs during the planting season. The loan period is 11 months. The installment is low during the first 9 months when farmers are planting and higher during the last two months when the crop is sold in the market.

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training	x
Other training
Other	Microcredit Scheme
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	Small scale farmers
Other (2)	minimum one hectare

# 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 2,000,000
Maximum loan size	6,000,000

Loan Term and Grace Period

Shortest loan term	10.0 months
Longest loan term	11.0 months
Approx average	10.5 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
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	42.00%
Highest quoted nominal interest	42.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	5.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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?

Full Pricing Data

Agricultural Input Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	ZMK 2,000,000	ZMK 4,000,000	ZMK 6,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-10-26	2010-11-19	2010-10-26
Loan Term (Months)	12.0 months	12.0 months	12.0 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	56.7%	56.8%	56.6%
Insurance Component	7.8%	7.8%	7.7%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	64.5%	64.6%	64.4%
Transparency Index	65	65	65

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

Agricultural Input Loan 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

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N (# of Samples)
Total Borrrowers of Samples


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By Country

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