- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	152
AJDFI	13,100	884,000	6	152
ARDCI	44,600	9,403,000	1	152
ASA Philippines	333,400	29,282,000	1	152
ASHI	35,400	5,231,000	6	152
ASKI	60,000	15,247,000	4	152
Bangko Kabayan	8,900	2,373,000	2	152
BSEI	600	73,000	2	152
CBI	8,100	2,010,000	5	152
CCT	70,300	9,504,000	4	152
CEV	35,400	5,111,000	4	152
DSPI	59,300	3,676,000	3	152
ECLOF	5,400	1,836,000	4	152
FCB	12,000	2,392,000	2	152
FMB	2,700	710,000	2	152
GM Bank	23,500	1,553,000	3	152
HSPFI	19,100	1,899,000	2	152
JVOFI	1,300	281,000	1	152
Katipunan Bank	42,100	5,325,000	2	152
KDCI	20,500	2,095,000	3	152
KGI	32,300	3,421,000	4	152
KMBI	245,000	15,098,000	1	152
LTMPC	37,400	8,935,000	3	152
Mallig Plains	6,500	641,000	2	152
MILAMDEC	29,800	3,278,000	2	152
MWIMPC	11,800	1,740,000	4	151
NWTF	105,500	12,698,000	5	152
OFMPC	4,400	964,000	1	152
PBC	50,700	10,434,000	4	152
PCSD	700	167,000	1	152
PMPC	23,500	5,565,000	8	152
RB Angeles	900	1,502,000	2	152
RB Labason	500	289,000	1	152
RBLI	5,200	1,026,000	2	152
RBMI	11,900	1,750,000	2	152
RMB	100	173,000	1	152
RSPI	39,600	2,834,000	4	152
SAFRAGEMC	1,100	229,000	1	152
Salve	10,900	1,191,000	3	152
SEDP	27,000	3,914,000	3	152
TSKI	212,900	25,187,000	2	152
TSPI	264,500	31,290,000	7	152
Valient	1,700	672,000	2	152

Please note that the information you are viewing is 115 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Foundation for International Community Assistance (FINCA) Stand No. 4513 Madzimoyo Road, NorthmeadLusaka, Lusaka Province

Data approved: 2014-10-20

Data version: 2

Age of data: 115 months

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Product

Small Group Loan Product 5 of 7 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (ZMW)	ZMW 22,650,672
Portfolio (USD)	USD 3,537,581.12
Active Clients with Loans	12,425
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Small group loans is a loan product smaller than Village Banking. It comprises of 5 to 10 members. The group is formed by 5 to 10 enterpreneurs who know and trust each other.

Loan Purpose

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

Included Services

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

Eligibility

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 solidarity group

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Central Province, Copperbelt Province, Eastern Province, Northern Province, Southern Province

Loan Conditions

Loan Amount

Currency	ZMW
Minimum loan size	ZMW 1,200
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than ZMW 500	0
ZMW 500-2,000	40%
ZMW 2,000-3,250	20%
ZMW 3,250-4,500	15%
ZMW 4,500-6,000	10%
Greater than ZMW 6,000	10%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	9.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	50%
Between 7 and 9 months	40%
Between 10 and 12 months	10%
Between 13 and 18 months	0
Longer than 18 months	0

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	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

Upfront Fees

	Fee 1	Fee 2
Description	Arrangement and Deposit Fee	Asset Inspection Fee
% 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

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

Small Group Loan samples

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
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
ZMW 1,020	Generated	2014-11-01	6.0 months	0.0 months	ZMW 275.80	95.2%	50.9%	40.1%	4.2%	0.0%	0.0%	55	-	PDF
ZMW 1,800	Generated	2014-11-01	9.1 months	0.0 months	ZMW 596.35	79.5%	50.9%	25.6%	3.0%	0.0%	0.0%	65	-	PDF
ZMW 2,400	Generated	2014-11-01	12.2 months	0.0 months	ZMW 965.91	72.6%	50.9%	19.4%	2.3%	0.0%	0.0%	72	-	PDF
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	-	PDF
ZMW 4,000	Generated	2014-11-01	9.1 months	0.0 months	ZMW 1,294.67	77.2%	50.9%	23.4%	2.9%	0.0%	0.0%	67	-	PDF
ZMW 5,100	Generated	2014-11-01	6.0 months	0.0 months	ZMW 1,278.98	87.1%	50.9%	32.1%	4.1%	0.0%	0.0%	60	-	PDF
ZMW 6,000	Generated	2014-11-01	9.1 months	0.0 months	ZMW 1,929.51	76.6%	50.9%	22.8%	2.9%	0.0%	0.0%	68	-	PDF
ZMW 7,000	Generated	2014-11-01	6.0 months	0.0 months	ZMW 1,746.15	86.5%	50.9%	31.6%	4.0%	0.0%	0.0%	60	-	PDF

Small Group 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

	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

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

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

Full Pricing Data

Small Group Loan samples

Small Group Loan Price Graphs

Total Borrowers of Samples

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