Number borrowers | 924 |
Loan Amount (range) | USD 100 - 15,000 |
Loan Term (range) | 1 - 49 |
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 5.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 18.8% - 26.9% (Int+Fee) |
Insurance Component | 0 - 11.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.7% - 41.2% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 69 |
47,223 |
MWK 2,000 - 200,000 |
4 - 6 |
Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education |
54.00%-72.00% annual, Flat |
3.00% upfront |
2.00% upfront |
None |
5.00% upfront |
63.7% - 87.9% |
7.4% - 16.5% |
5.2% - 11.4% |
0 |
125.1% |
43 - 75 |
43 |
Outstanding portfolio (USD) | USD 1,214,168.88 |
Portfolio (USD) | USD 1,214,168.88 |
Active Clients with Loans | 924 |
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 | |
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 | Tener calificacion hasta B en central de riesgos o buro de credito |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MWK) | MWK 219,622,176 |
Portfolio (USD) | USD 563,133.78 |
Active Clients with Loans | 47,223 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | Used for only working capital purpose |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | Environmental and HIV-AIDS Education |
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 | 11 |
# Regions for this product | 13 |
Regions Active | Dedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Thyolo, Phalombe, Zomba |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 15,000 |
Shortest loan term | 1.0 month |
Longest loan term | 49.0 months |
Approx average | 19.0 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 2,000 |
Maximum loan size | 200,000 |
Loans less than MWK 50,000 | 40% |
MWK 50,000-150,000 | 30% |
MWK 150,000-250,000 | 30% |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
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 | USD 5 |
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 | 4.50% |
Highest quoted nominal interest | 6.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 3.00% |
% 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 |
Ins 1 | |
---|---|
Description | Credit Insurance -Life&Health |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 5.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 3,000 | USD 10,010 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-05-06 | 2010-05-26 | 2010-04-13 | 2010-05-14 | 2010-05-04 | ||||
Loan Term (Months) | 6.0 months | 12.0 months | 19.0 months | 25.0 months | 49.0 months | ||||
Grace Period (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 | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 25.3% | 25.5% | 26.9% | 25.5% | 18.8% | ||||
Insurance Component | 11.0% | 2.1% | 0.8% | 0.4% | 0.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 4.9% | 3.1% | 3.1% | 2.8% | 1.9% | ||||
Full APR (int fee ins tax dep) | 41.2% | 30.7% | 30.8% | 28.7% | 20.7% | ||||
Transparency Index | 49 | 65 | 65 | 70 | 97 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 10,000 | MWK 25,000 | MWK 50,000 | MWK 100,000 | MWK 160,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 4 | 6 | Not Known | Not Known | ||||
Disbursement Date | 2012-08-30 | 2012-08-30 | 2012-08-30 | 2012-08-30 | 2012-08-30 | ||||
Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | 3.7 months | 3.7 months | ||||
Grace Period (Months) | -0.1 months | -0.1 months | 0.0 months | -0.1 months | 0.0 months | ||||
Total Cost of Credit | MWK 2,300 | MWK 5,750 | MWK 11,500 | MWK 23,000 | MWK 36,800 | ||||
True Price by Comp | |||||||||
Interest price component | 87.9% | 87.9% | 87.9% | 87.9% | 87.9% | ||||
Fee Component | 16.5% | 16.5% | 16.5% | 16.5% | 16.5% | ||||
Insurance Component | 11.4% | 11.4% | 11.4% | 11.4% | 11.4% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 9.3% | 9.3% | 9.3% | 9.3% | 9.3% | ||||
Full APR (int fee ins tax dep) | 125.1% | 125.1% | 125.1% | 125.1% | 125.1% | ||||
Transparency Index | 43 | 43 | 43 | 43 | 43 | ||||
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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