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 | 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 | 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 |
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 | - |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.bancowwb.com/ |
Year established | 2011 |
Head of Institution | Clara Serra - Akerman |
Regions active | |
# Branches | 93 |
Total Portfolio (nat'l) | COP 551,063,000,000 |
Total Portfolio (USD) | USD 302,781,868.10 |
Active clients with loans | 211,907 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 80% - 100% |
Network affiliations | Women's World Banking |
Funders | Fundación WWB Colombia, WWB S.A.S, Blueorchard Private Equity Funds S.C.A.., SICAV-FIS., Developing World Markets |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crediequipo | COP 535,000 - 160,500,000 | 1 - 59 | 60% - 80% | 80% - 100% | Business | Women, Men, Have business | ||||||||
Credimoto | COP 2,891,000 - 5,301,900 | 1 - 36 | 60% - 80% | 80% - 100% | Business, Compra de Moto | Women, Men, Have business | ||||||||
Credimpulso | COP 535,000 - 1,000,000 | 1 - 15 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business | ||||||||
Inmobiliario | COP 535,000 - 64,272,000 | 1 - 59 | 60% - 80% | 60% - 80% | Business, Housing | Women, Men, Have business | ||||||||
Microcrédito | COP 535,000 - 13,375,000 | 1 - 36 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crediequipo | 31.3%-34.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 32.5% - 43.8% | 33% - 44.2% | 83 | ||||||||
Credimoto | 22.8% annual, Decl Bal | 1 Fee | 3 Ins | None | N/A | 22.2% - 22.6% | 25.3% - 36.1% | 73 | ||||||||
Credimpulso | 34.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 43.4% - 53.8% | 48.3% - 54.2% | 67 | ||||||||
Inmobiliario | 22.8%-24.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 19.3% - 33.4% | 19.7% - 38.6% | 92 | ||||||||
Microcrédito | 31.3%-34.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 28.3% - 41.7% | 28.6% - 42.1% | 83 |
Key Statistics | |
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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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