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Institution
Data approved: 2014-10-20
Data version: 2
Age of data: 119 months
Key Statistics
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% |
Methodology
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | |
Description
Individual loan secured by a group gurantee aimed at the empowerment of the lowest income enterpreneurs and communities. The Village Bank is formed by people 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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Funeral benefits |
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 village bank |
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 150 |
Maximum loan size | 12,500 |
Distribution at Disbursement (Est.)
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% |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 7.0 months |
Distribution at Disbursement (Est.)
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
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 | x |
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 |
% 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 feesUpfront 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 |
Additional Comments
We are currently piloting self approaval of loans by clients
Full Pricing Data
Village Banking Loans 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 |
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 |
PDF |
PDF |
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 |
- |
PDF |
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 |
PDF |
PDF |
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 |
- |
PDF |
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 |
- |
PDF |
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 |
- |
PDF |
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 |
- |
PDF |
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 |
- |
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 4,900 |
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 |
- |
PDF |
Village Banking Loans Price Graphs