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Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 162 months
Key Statistics
Outstanding portfolio (ZMK) | ZMK 6,371,543,685 |
Portfolio (USD) | USD 1,231,216.17 |
Active Clients with Loans | 13,736 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Groups of five that belong to a center (Grameen model) |
Description
This is a group loan product targeting women with group guarantee and small amounts that gradually increase. It has a maximum repayment period of 1 year.
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 | x |
Business training | x |
Other training | x |
Other | Savings |
Other (2) | Education on HIV/AIDS, Gender, and Environment |
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 | Start a business |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | ZMK |
Minimum loan size | ZMK 400,000 |
Maximum loan size | 7,000,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | x |
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 | 60.00% |
Highest quoted nominal interest | 60.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Processing fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10,000 |
Fixed amount - max | 15,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Credit Life Assurance |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 0 |
or, Fixed-amount deposited | ZMK 15,000 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | ZMK 6,000 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Savings must be 2% of the outstanding balance, borrowers can withdraw part of the savings\r
Full Pricing Data
Twende Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
---|
Loan Amount | ZMK 700,000 | | ZMK 3,000,000 | | ZMK 4,000,000 | | ZMK 5,000,000 | | ZMK 5,500,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-02-28 | | 2011-02-28 | | 2011-02-28 | | 2011-02-28 | | 2011-03-28 |
Loan Term (Months) | 12.1 months | | 12.1 months | | 12.1 months | | 12.1 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | | | |
Interest and Fee Component | 63.2% | | 61.1% | | 60.8% | | 60.7% | | 60.2% |
Insurance Component | 4.5% | | 4.5% | | 4.5% | | 4.5% | | 4.3% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 14.7% | | 2.9% | | 2.2% | | 1.7% | | 0.8% |
Full APR (int fee ins tax dep) | 82.4% | | 68.5% | | 67.5% | | 66.8% | | 65.3% |
Transparency Index | 73 | | 88 | | 89 | | 90 | | 92 |
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Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |