| 1,425 |
| MWK 18,000 - 80,000 |
| 3 - 7 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
| 57.00% annual, Flat |
| None |
| None |
| None |
| 10.00%-20.00% upfront |
| 36.2% - 108.4% |
| 0 |
| 0 |
| 0 |
| 45.9% - 83.7% |
| 36 - 124 |
| 83 |
| Outstanding portfolio (USD) | USD 118,073 |
| Portfolio (USD) | USD 118,073 |
| Active Clients with Loans | 46 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Personas de escasos recursos económicos que requieren una vivienda |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (MWK) | MWK 45,578,634 |
| Portfolio (USD) | USD 116,868.29 |
| Active Clients with Loans | 1,425 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Group Dynamics |
| Other (2) | |
| No other services |
| Men | |
| 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 | 18 |
| # Regions for this product | 8 |
| Regions Active | Dowa, Nkhotakota, Ntcheu, Ntchisi, Salima, Mzimba, Nkhata Bay, Rumphi |
| Currency | MWK |
| Minimum loan size | MWK 18,000 |
| Maximum loan size | 80,000 |
| Loans less than MWK 50,000 | 70% |
| MWK 50,000-150,000 | 30% |
| 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 | 3.0 months |
| Longest loan term | 7.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 80% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 4.75% |
| Highest quoted nominal interest | 4.75% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 7.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MWK 20,000 | MWK 30,000 | MWK 45,000 | MWK 50,000 | |||
| Loan Cycle (1, 2, 3, etc) | 7 | 2 | 7 | 4 | |||
| Disbursement Date | 2012-11-07 | 2012-11-07 | 2012-11-07 | 2012-11-07 | |||
| Loan Term (Months) | 7.0 months | 7.0 months | 7.0 months | 7.0 months | |||
| Grace Period (Months) | 4.1 months | 2.1 months | 4.1 months | 4.1 months | |||
| Total Cost of Credit | MWK 5,600 | MWK 8,400 | MWK 12,600 | MWK 10,000 | |||
| True Price by Comp | |||||||
| Interest price component | 49.0% | 60.4% | 49.0% | 36.2% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 33.7% | 23.3% | 12.7% | 9.7% | |||
| Full APR (int fee ins tax dep) | 82.7% | 83.7% | 61.7% | 45.9% | |||
| Transparency Index | 69 | 68 | 92 | 100 | |||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
