| Number borrowers | 13,736 |
| Loan Amount (range) | ZMK 400,000 - 7,000,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Savings , Education on HIV/AIDS, Gender, and Environment |
| Annual Interest & Method | 60.0% annual, Decl Bal |
| Fees | 10,000.00-15,000.00 upfront |
| Insurance | 2.00% upfront |
| Tax | None |
| Comp Dep | 15,000.00 upfront 6,000.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 60.2% - 63.2% (Int+Fee) |
| Insurance Component | 2.3% - 4.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 65.3% - 82.4% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 86 |
| 740 |
| USD 500 - 126,000 |
| 6 - 60 |
| Credit Ins, Business Training |
| 18.0%-27.0% annual, Decl Bal |
| None |
| 0.30%-3.00% ongoing |
| None |
| N/A |
| 16.1% - 26.7% |
| 0 - 1.0% |
| 0 - 1.1% |
| 0 - 0.2% |
| 18.6% - 27.3% |
| 59 - 97 |
| 80 |
| 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% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | Groups of five that belong to a center (Grameen model) |
| 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 | x |
| Business training | x |
| Other training | x |
| Other | Savings |
| Other (2) | Education on HIV/AIDS, Gender, and Environment |
| 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 | Start a business |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 39,912,313 |
| Portfolio (USD) | USD 39,912,313 |
| Active Clients with Loans | 740 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| 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) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
| Currency | ZMK |
| Minimum loan size | ZMK 400,000 |
| Maximum loan size | 7,000,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | USD |
| Minimum loan size | USD 500 |
| Maximum loan size | 126,000 |
| Loans less than USD 1,500 | 15% |
| USD 1,500-5,000 | 20% |
| USD 5,000-10,000 | 30% |
| USD 10,000-15,000 | 15% |
| USD 15,000-18,000 | 10% |
| Greater than USD 18,000 | 10% |
| Shortest loan term | 6.0 months |
| Longest loan term | 60.0 months |
| Approx average | 48.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| Grace period usage | 10% |
| Average grace period | 4.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | x |
| Single end payment | x |
| Irregular payments |
| 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 |
| 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 |
| 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ZMK 15,000 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | ZMK 6,000 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 18.00% |
| Highest quoted nominal interest | 27.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.30% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | El costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo. |
| 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 |
| 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 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 5,500 | USD 10,000 | USD 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-04-05 | 2014-04-01 | 2014-04-01 | ||
| Loan Term (Months) | 18.0 months | 24.0 months | 37.0 months | ||
| Grace Period (Months) | 3.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | USD 1,170.50 | USD 2,875 | USD 4,301.25 | ||
| True Price by Comp | |||||
| Interest price component | 22.5% | 26.7% | 18.0% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.6% | 0.6% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 23.1% | 27.3% | 18.6% | ||
| Transparency Index | 78 | 66 | 97 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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