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143 months old and may not represent the prices currently charged.
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Institution
Data approved: 2012-12-04
Data version: 2
Age of data: 143 months
Key Statistics
| Outstanding portfolio (MWK) | MWK 5,770,737.99 |
| Portfolio (USD) | USD 14,796.76 |
| Active Clients with Loans | 255 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | |
Description
CCODE pays the water supply institution on behalf of the beneficiary (Household) and the beneficiary repays the loan in installments
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | water supply |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Residents from the peri urban areas |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 17 |
| # Regions for this product | 1 |
| Regions Active | Blantyre |
Loan Conditions
Loan Amount
| Currency | MWK |
| Minimum loan size | MWK 18,000 |
| Maximum loan size | 120,000 |
Distribution at Disbursement (Est.)
| Loans less than MWK 50,000 | 10% |
| MWK 50,000-150,000 | 90% |
| MWK 150,000-250,000 | 0 |
| MWK 250,000-350,000 | 0 |
| MWK 350,000-450,000 | 0 |
| Greater than MWK 450,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.00% |
| Highest quoted nominal interest | 1.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Client pays 10% cash deposit on the day they sign a loan contract. This cash is repaid to the client on the loan disbursement day.
Full Pricing Data
Water Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | MWK 36,996.70 | | MWK 31,160 | | MWK 101,500 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2012-05-01 | | 2012-02-01 | | 2012-02-01 |
| Loan Term (Months) | 24.0 months | | 24.0 months | | 24.0 months |
| Grace Period (Months) | -1.0 months | | -1.0 months | | -1.0 months |
| Total Cost of Credit | MWK 3,948.28 | | MWK 3,325.39 | | MWK 10,832.06 |
| True Price by Comp | | | | | |
| Interest price component | 10.9% | | 11.0% | | 11.0% |
| Fee Component | 0.0% | | 0.0% | | 0.0% |
| 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) | 10.9% | | 11.0% | | 11.0% |
| Transparency Index | 100 | | 100 | | 100 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
