2. Codesarrollo
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FITSE
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Codesarrollo Ladron de Guevara E13-408 Y BarcelonaQuito, Pichincha
Data approved: 2010-11-11
Data version: 1
Age of data: 170 months

Institution

Finance Trust For The Self Employed Private Bag A232Lilongwe, Central Region
Data approved: 2013-01-08
Data version: 2
Age of data: 143 months
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Product

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Product

Agricultural Loan II (Rain fed - Group) Product 2 of 5 « Prev | Next »

Product Summary

Number borrowers117
Loan Amount (range)USD 1,000 - 15,000
Loan Term (range)15 - 62
Other Services (text summary)Credit Ins, Seguro de Desgravamen
Annual Interest & Method12.0%-13.0% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component12.0% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)12.0%
Transparency Index (min/max)0 - N/A
Transparency Index (average)100

Product Summary

829
MWK 5,000 - 200,000
6 - 10
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
54.00% annual, Flat
2 fees
None
None
20.00% upfront
 
43.6% - 69.1%
5.6% - 36.4%
0
0
63.1% - 79.2%
34 - 86
78

Product Details

Key Statistics
Outstanding portfolio (USD)USD 709,627
Portfolio (USD)USD 709,627
Active Clients with Loans117
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Orientado a organizaciones campesinas y/o miembros de organizaciones campesinas para financiar la compra, o legalización o la titularización de la tierra que va a ser destinada a la producción agrícola, pecuaria
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCompra, o legalización, o la titularización de la
Other (2)tierra destinada a la prducción agrícola, pecuaria
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
OtherSeguro de Desgravamen
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherOrientado a organizaciones campesinas y/o miembros de organizaciones campesinas
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 37,835,575
Portfolio (USD)USD 97,014.29
Active Clients with Loans829
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
This loan product is for communities involved in rain fed agriculture. Most of the beneficiaries are in rural area. The maximum repayment period is 10 months and repayments are mostly done at once at the end of the season
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product12
Regions ActiveKasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,000
Maximum loan size15,000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term62.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00030%
MWK 50,000-150,00060%
MWK 150,000-250,00010%
MWK 250,000-350,0000
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term10.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months70%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace perioddk
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest12.00%
Highest quoted nominal interest13.00%
Reason(s) why interest rate variesPor la fuente de pago
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest4.50%
Highest quoted nominal interest4.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeRegistration Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0500
Fixed amount - max0500
Reason for variationN/AOnly for 1st-cycle loans
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Creditierras samples
Sample 1Sample 2Sample 3
Loan AmountUSD 1,000USD 7,500USD 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-06-172010-06-252010-07-09
Loan Term (Months)15.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component12.0%12.0%12.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)12.0%12.0%12.0%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Agricultural Loan II (Rain fed - Group) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 10,000MWK 25,000MWK 50,000MWK 80,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-01-102012-11-162013-01-102012-11-28
Loan Term (Months)6.0 months8.0 months6.0 months8.0 months
Grace Period (Months)-1.0 months-0.9 months-1.0 months0.1 months
Total Cost of CreditMWK 3,575MWK 10,250MWK 15,875MWK 31,700
True Price by Comp       
Interest price component48.1%46.4%48.1%46.4%
Fee Component16.4%7.8%8.0%5.6%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component14.7%11.6%12.5%11.1%
Full APR (int fee ins tax dep)79.2%65.8%68.6%63.1%
Transparency Index68827986
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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