Number borrowers | 636 |
Loan Amount (range) | USD 200 - 3,030 |
Loan Term (range) | 4 - 36 |
Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training, Other Training, Formación y capacitación en diversos temas |
Annual Interest & Method | 18.8% annual, Decl Bal |
Fees | None |
Insurance | 5.32% ongoing |
Tax | None |
Comp Dep | 12.5% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 18.8% - 20.0% (Int+Fee) |
Insurance Component | 1.0% - 1.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 22.3% - 26.4% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 76 |
540 |
MWK 200,000 - 1,500,000 |
1 - 24 |
Credit Educ, Tech Asst Visits, Business Training, Other Training |
24.00%-36.00% annual, Decl Bal |
1.00%-3.00% upfront |
None |
None |
N/A |
N/A |
37.9% - 38.3% (Int+Fee) |
0 |
0 |
37.9% - 38.3% |
63 |
63 |
Outstanding portfolio (USD) | USD 915,386 |
Portfolio (USD) | USD 915,386 |
Active Clients with Loans | 636 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Formación y capacitación en diversos temas |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Carchi |
Outstanding portfolio (MWK) | MWK 200,000,000 |
Portfolio (USD) | USD 512,820.51 |
Active Clients with Loans | 540 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
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 | Can be used for ANY business use |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
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 | x |
Other | Fixed business or residential place |
Other (2) | Produce business records or bank statements |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Lilongwe, Rumphi, Blantyre, Mulanje |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 3,030 |
Loans less than USD 1,500 | 50% |
USD 1,500-5,000 | 50% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 12.3 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | MWK |
Minimum loan size | MWK 200,000 |
Maximum loan size | 1,500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 0 |
MWK 150,000-250,000 | 10% |
MWK 250,000-350,000 | 10% |
MWK 350,000-450,000 | 10% |
Greater than MWK 450,000 | 10% |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 10% |
Longer than 18 months | 10% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 18.81% |
Highest quoted nominal interest | 18.81% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen para el saldo del prestamo |
% of loan amount - min | 5.32% |
% of loan amount - max | 5.32% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 12.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Administration Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | |||
---|---|---|---|---|---|
Loan Amount | USD 404 | USD 1,010 | USD 2,020 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-07-19 | 2011-07-06 | 2011-07-06 | ||
Loan Term (Months) | 12.0 months | 6.0 months | 24.0 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 | 20.0% | 18.8% | 19.5% | ||
Insurance Component | 1.1% | 1.0% | 1.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 5.3% | 2.5% | 5.0% | ||
Full APR (int fee ins tax dep) | 26.4% | 22.3% | 25.6% | ||
Transparency Index | 71 | 84 | 74 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | MWK 250,000 | MWK 350,000 | MWK 500,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | ||
Disbursement Date | 2010-06-02 | 2010-06-01 | 2009-07-15 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 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 | 38.3% | 38.1% | 37.9% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 38.3% | 38.1% | 37.9% | ||
Transparency Index | 63 | 63 | 63 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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