Number borrowers | 166 |
Loan Amount (range) | USD 500 - 1,500 |
Loan Term (range) | 4 - 8 |
Other Services (text summary) | Tech Asst Visits |
Annual Interest & Method | 28.6% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 12.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 28.9% - 29.0% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 32.9% |
Transparency Index (min/max) | 87 - 188 |
Transparency Index (average) | 87 |
115 |
MWK 5,000 - 100,000 |
4 - 12 |
Credit Educ, Group Mtgs, Business Training |
54.00% annual, Flat |
2 fees |
None |
None |
20.00% upfront |
43.6% - 69.1% |
5.6% - 36.4% |
0 |
0 |
63.7% - 70.0% |
34 - 86 |
82 |
Outstanding portfolio (USD) | USD 66,556.84 |
Portfolio (USD) | USD 66,556.84 |
Active Clients with Loans | 166 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | |
Workplace visits | x |
Business training | |
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 | Asociacion debe haber firmado convenio con Cepesiu |
Other (2) | Producto dirigido a produccion agricola de ciclo corto |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MWK) | MWK 2,757,400 |
Portfolio (USD) | USD 7,070.26 |
Active Clients with Loans | 115 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | |
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 | 10 |
# Regions for this product | 12 |
Regions Active | Kasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje, Thyolo, Zomba |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 1,500 |
Shortest loan term | 4.0 months |
Longest loan term | 8.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | MWK |
Minimum loan size | MWK 5,000 |
Maximum loan size | 100,000 |
Loans less than MWK 50,000 | 50% |
MWK 50,000-150,000 | 50% |
MWK 150,000-250,000 | 0 |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | dk |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 28.56% |
Highest quoted nominal interest | 28.56% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 12.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 4.50% |
Highest quoted nominal interest | 4.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application Fee | Registration Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 500 | |
Fixed amount - max | 0 | 500 | |
Reason for variation | N/A | Only for 1st-cycle loans | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 1,136 | USD 1,136 | USD 1,136.36 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
Disbursement Date | 2010-06-15 | 2010-06-15 | 2010-06-15 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 28.9% | 28.9% | 29.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 4.0% | 4.0% | 4.0% | ||
Full APR (int fee ins tax dep) | 32.9% | 32.9% | 32.9% | ||
Transparency Index | 87 | 87 | 87 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 15,000 | MWK 30,000 | MWK 50,000 | MWK 45,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-09-06 | 2012-09-06 | 2012-09-06 | 2012-09-06 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | MWK 4,550 | MWK 8,600 | MWK 14,000 | MWK 12,650 | |||
True Price by Comp | |||||||
Interest price component | 43.6% | 43.6% | 43.6% | 43.6% | |||
Fee Component | 13.3% | 9.7% | 8.3% | 8.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 13.1% | 12.1% | 11.8% | 11.8% | |||
Full APR (int fee ins tax dep) | 70.0% | 65.4% | 63.7% | 64.0% | |||
Transparency Index | 77 | 83 | 85 | 84 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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