Number borrowers | 615 |
Loan Amount (range) | USD 100 - 15,000 |
Loan Term (range) | 1 - 48 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 20.1%-25.0% annual, Decl Bal |
Fees | 4.00% upfront 12.00 upfront |
Insurance | None |
Tax | None |
Comp Dep | 6.7% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 20.3% - 26.9% (Int+Fee) |
Insurance Component | 0 - 11.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 22.5% - 36.2% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 71 |
2,221 |
MWK 50,000 - 4,500,000 |
6 - 12 |
Credit Ins |
60.00%-67.20% annual, Decl Bal |
1.50% upfront |
None |
None |
N/A |
57.7% - 96.1% |
0 - 5.5% |
0 - 3.0% |
0 |
62.8% - 71.1% |
71 - 106 |
89 |
Outstanding portfolio (USD) | USD 777,883.75 |
Portfolio (USD) | USD 777,883.75 |
Active Clients with Loans | 615 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Usar solo para capital de trabajo |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MWK) | MWK 307,541,000 |
Portfolio (USD) | USD 788,566.67 |
Active Clients with Loans | 2,221 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | |
Other (2) |
# Regions for this institution | 22 |
# Regions for this product | 25 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 15,000 |
Shortest loan term | 1.0 month |
Longest loan term | 48.0 months |
Approx average | 18.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | MWK |
Minimum loan size | MWK 50,000 |
Maximum loan size | 4,500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 30% |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 20% |
MWK 350,000-450,000 | 10% |
Greater than MWK 450,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
Average grace period | 3.0 months |
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 |
Lowest quoted nominal interest | 20.05% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguro de Vida y Seguro de Accidentes Personales (prima anual) | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 12 | |
Fixed amount - max | 0 | 12 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
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 | 6.70% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.60% |
Reason(s) why interest rate varies | Loan Size, K50,000-250,000=5.6%pm, K250,000-300,000=5.2%pm & >K300,000=5%pm |
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 | Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
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 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 450 | USD 1,000 | USD 2,000 | USD 4,000 | USD 6,500 | USD 10,010 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-04-22 | 2010-04-28 | 2010-04-06 | 2010-04-28 | 2010-04-23 | 2010-05-04 | |||||
Loan Term (Months) | 10.0 months | 12.0 months | 24.0 months | 36.0 months | 36.0 months | 48.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 26.8% | 26.9% | 26.9% | 23.9% | 23.8% | 20.3% | |||||
Insurance Component | 5.7% | 2.4% | 0.7% | 0.3% | 0.0% | 0.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 3.6% | 3.3% | 3.0% | 2.5% | 1.6% | 2.0% | |||||
Full APR (int fee ins tax dep) | 36.2% | 32.5% | 30.6% | 26.6% | 25.5% | 22.5% | |||||
Transparency Index | 55 | 62 | 66 | 75 | 79 | 89 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 50,000 | MWK 100,000 | MWK 200,000 | MWK 300,000 | MWK 400,000 | MWK 500,000 | |||||
Loan Cycle (1, 2, 3, etc) | 5 | 2 | 1 | 11 | 8 | 4 | |||||
Disbursement Date | 2012-11-10 | 2012-10-31 | 2012-10-16 | 2012-11-27 | 2012-11-21 | 2012-10-19 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.1 months | 0.0 months | 0.2 months | 0.1 months | 0.0 months | |||||
Total Cost of Credit | MWK 10,994.20 | MWK 21,988.34 | MWK 43,976.68 | MWK 61,402.86 | MWK 81,870.50 | MWK 192,109.72 | |||||
True Price by Comp | |||||||||||
Interest price component | 65.6% | 64.9% | 64.8% | 57.7% | 60.4% | 60.7% | |||||
Fee Component | 5.5% | 5.4% | 5.4% | 5.1% | 5.4% | 3.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 71.1% | 70.3% | 70.2% | 62.8% | 65.8% | 63.8% | |||||
Transparency Index | 84 | 85 | 86 | 95 | 91 | 94 | |||||
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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