2. FINCA Zambia
Please note that the information you are viewing is 114 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Cooprogreso
Please note that the information you are viewing is 163 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: 114 months
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Institution

Cooperativa de Ahorra y Credito Cooprogreso Av. Manuel Córdova Galarza 9380 y Bogotá PomasquiQuito, Pichincha593
Data approved: 2010-11-22
Data version: 1
Age of data: 163 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.finca.org/
Year established2001
Head of InstitutionThomas Lendzian
Regions activeCentral Province, Copperbelt Province, Eastern Province, Lusaka Province, Southern Province
# Branches14

Total Portfolio (nat'l)ZMW 105,140,570
Total Portfolio (USD)USD 16,420,850.34
Active clients with loans43,773
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsFINCA International
FundersINVESTOR! FINCA MICROFINANCE COOPERATIEF U.A. (NETHERLANDS), DONOR! MASTERCARD FOUNDATION

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressN/A
Year established1963
Head of InstitutionIVAN TOBAR
Regions active
# Branches21

Total Portfolio (nat'l)USD 88,130,099
Total Portfolio (USD)USD 88,130,099
Active clients with loans22,154
Approximate % female clients20% - 40%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

Business
5,473 Borrowers
USD 7,150,968.24 Portfolio
Active Product
Small Group
12,425 Borrowers
USD 3,537,581.12 Portfolio
Active Product
Village Bank
25,762 Borrowers
USD 3,479,238.69 Portfolio
Active Product
Enterprise
113 Borrowers
USD 2,253,062.30 Portfolio
Active Product
Business
Retired Product
Small Grp
Retired Product
Village
Retired Product

Loan Products » Summary

CNMPE
500 Borrowers
USD 22,845,920 Portfolio
Active Product
MICM
5,400 Borrowers
USD 638,600 Portfolio
Active Product
MICON
2,020 Borrowers
USD 8,509,955 Portfolio
Active Product
MICPE
61 Borrowers
USD 250,461 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loans ZMW 1,500 - 100,000 6 - 24 60% - 80% 20% - 40% Business Women, Men, Have business, Must have a valid National Registration Card, Must have business or personal assets to pledge Credit Ins
Small Group Loan ZMW 1,200 - 15,000 6 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Must be a member of a self selected solidarity group Group Mtgs, Credit Ins
Village Banking Loans ZMW 150 - 12,500 6 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Must be a member of a self selected village bank Credit Educ, Group Mtgs, Credit Ins, Funeral benefits
Small Enterprise Loan ZMW 100,000 - 600,000 12 - 36 60% - 80% 20% - 40% Business Women, Men, Have business Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
CNMPE USD 600 - 8,000 12 - 36 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker, Specific age group Credit Ins
MICM USD 200 - 20,000 8 - 10 80% - 100% 20% - 40% Any Purpose Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
MICON USD 600 - 20,000 6 - 36 20% - 40% 60% - 80% Any Purpose Women, Men, Have business Credit Ins
MICPE USD 600 - 8,000 2 - 36 20% - 40% 40% - 60% Business Women, Men, Have business Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 51.4%-52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 66.7% - 79% 68.4% - 81.4% 69
Small Group Loan 52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 70.3% - 91% 72.6% - 95.2% 63
Village Banking Loans 52.0% annual, Decl Bal 2 Fees 1 Ins None N/A 74.9% - 91.2% 77.8% - 95.4% 59
Small Enterprise Loan 49.6% annual, Decl Bal 2 Fees 1 Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CNMPE 15.2% annual, Decl Bal 1 Fee 0 Ins None 1.5% upfront 15.4% - 16.1% 16.4% - 16.5% 92
MICM 25.7% annual, Decl Bal 1 Fee 0 Ins None 3.0% upfront 26.1% - 29.6% 29.2% - 33.7% 84
MICON 22.8% annual, Decl Bal 1 Fee 0 Ins None 3.00% ongoing 21.4% - 24.4% 23.1% - 25.5% 92
MICPE 24.5% annual, Decl Bal 1 Fee 0 Ins None 3.0% upfront 22.7% - 24.8% 24.5% - 26.7% 93

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 51.4%-52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 66.7% - 79% 68.4% - 81.4% 69
Small Group Loan 52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 70.3% - 91% 72.6% - 95.2% 63
Village Banking Loans 52.0% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 74.9% - 91.2% 77.8% - 95.4% 59
Small Enterprise Loan 49.6% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
CNMPE 15.2% annual, Decl Bal 1 Fee 0 Ins Ins None 1.5% upfront 15.4% - 16.1% 16.4% - 16.5% 92
MICM 25.7% annual, Decl Bal 1 Fee 0 Ins Ins None 3.0% upfront 26.1% - 29.6% 29.2% - 33.7% 84
MICON 22.8% annual, Decl Bal 1 Fee 0 Ins Ins None 3.00% ongoing 21.4% - 24.4% 23.1% - 25.5% 92
MICPE 24.5% annual, Decl Bal 1 Fee 0 Ins Ins None 3.0% upfront 22.7% - 24.8% 24.5% - 26.7% 93
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
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