| Number borrowers | 61 |
| Loan Amount (range) | ETB 4,500 - 8,000 |
| Loan Term (range) | 9 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 15.0% annual, Flat |
| Fees | 2.50% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront 10.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 22.9% - 31.9% (Int+Fee) |
| Insurance Component | 2.3% - 7.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 30.1% - 76.9% |
| Transparency Index (min/max) | 20 - 69 |
| Transparency Index (average) | 35 |
| 25,762 |
| ZMW 150 - 12,500 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Funeral benefits |
| 52.0% annual, Decl Bal |
| 7.96%-8.00% upfront 25.00 upfront |
| 1.00% upfront |
| None |
| N/A |
| 50.6% - 50.9% |
| 15.8% - 40.3% |
| 1.7% - 4.2% |
| 0 |
| 77.8% - 95.4% |
| 54 - 75 |
| 59 |
| Outstanding portfolio (ETB) | ETB 126,050 |
| Portfolio (USD) | USD 6,850.54 |
| Active Clients with Loans | 61 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have at least one employee |
| Other (2) | Must have at least a certain minimum capital limit. |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (ZMW) | ZMW 22,277,113 |
| Portfolio (USD) | USD 3,479,238.69 |
| Active Clients with Loans | 25,762 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Funeral benefits |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) | Must be a member of a self selected village bank |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province |
| Currency | ETB |
| Minimum loan size | ETB 4,500 |
| Maximum loan size | 8,000 |
| Shortest loan term | 9.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | ZMW |
| Minimum loan size | ZMW 150 |
| Maximum loan size | 12,500 |
| Loans less than ZMW 500 | 10% |
| ZMW 500-2,000 | 70% |
| ZMW 2,000-3,250 | 10% |
| ZMW 3,250-4,500 | 5% |
| ZMW 4,500-6,000 | 5% |
| Greater than ZMW 6,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 70% |
| Between 7 and 9 months | 30% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | x |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| 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? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ETB 10 - N/A |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 4.33% |
| Highest quoted nominal interest | 4.33% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Arrangement And Deposit Fee | Asset Inspection | |
| % of loan amount - min | 7.96% | 0 | |
| % of loan amount - max | 8.00% | 0 | |
| OR, Fixed amount - min | 0 | 25 | |
| Fixed amount - max | 0 | 25 | |
| Reason for variation | 1.96% to 2% paid for Arrangement fee and 6% for Deposit fee. Arrangement fee varies depending on the number of group members. | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ETB 4,000 | ETB 8,000 | ETB 8,000 | ||
| Loan Cycle (1, 2, 3, etc) | 3 | Not Known | Not Known | ||
| Disbursement Date | 2011-12-16 | 2011-08-19 | 2011-08-19 | ||
| Loan Term (Months) | 6.0 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 | 22.9% | 31.9% | 31.9% | ||
| Insurance Component | 4.4% | 4.2% | 4.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 2.8% | 7.0% | 40.8% | ||
| Full APR (int fee ins tax dep) | 30.1% | 43.1% | 76.9% | ||
| Transparency Index | 50 | 35 | 20 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
| ZMW 1,000 | Real | 2014-10-10 | 6.1 months | N/A | ZMW 272.01 | 94.6% | 50.7% | 39.8% | 4.1% | 0.0% | 0.0% | 55 | ||
| ZMW 1,000 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 270.88 | 95.4% | 50.9% | 40.3% | 4.2% | 0.0% | 0.0% | 54 | - | |
| ZMW 1,500 | Real | 2014-10-10 | 6.1 months | N/A | ZMW 395.46 | 91.1% | 50.6% | 36.5% | 4.0% | 0.0% | 0.0% | 57 | ||
| ZMW 1,500 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 393.82 | 91.9% | 50.9% | 36.9% | 4.1% | 0.0% | 0.0% | 57 | - | |
| ZMW 1,800 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 467.58 | 90.8% | 50.9% | 35.8% | 4.1% | 0.0% | 0.0% | 57 | - | |
| ZMW 2,000 | Generated | 2014-11-01 | 9.1 months | 0.0 months | ZMW 659.84 | 79.1% | 50.9% | 25.2% | 3.0% | 0.0% | 0.0% | 66 | - | |
| ZMW 2,400 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 615.11 | 89.3% | 50.9% | 34.4% | 4.0% | 0.0% | 0.0% | 58 | - | |
| ZMW 3,000 | Generated | 2014-11-01 | 9.1 months | 0.0 months | ZMW 977.25 | 77.8% | 50.9% | 24.0% | 2.9% | 0.0% | 0.0% | 67 | - | |
| ZMW 3,500 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 885.57 | 88.0% | 50.9% | 33.0% | 4.1% | 0.0% | 0.0% | 59 | - | |
| ZMW 4,900 | Generated | 2014-11-01 | 6.0 months | 0.0 months | ZMW 1,229.80 | 87.2% | 50.9% | 32.2% | 4.1% | 0.0% | 0.0% | 60 | - | |
| 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 ∞ | ||||||
