Number borrowers | 5,271 |
Loan Amount (range) | USD 500 - 20,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 22.5%-26.9% annual, Decl Bal |
Fees | None |
Insurance | 6.00% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 22.4% - 26.8% (Int+Fee) |
Insurance Component | 0.6% - 0.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 23.1% - 27.4% |
Transparency Index (min/max) | 39 - 104 |
Transparency Index (average) | 92 |
355 |
MWK 65,000 - 180,000 |
6 - 10 |
Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
48.00% annual, Flat |
None |
None |
None |
20.00% upfront |
36.2% - 108.4% |
0 |
0 |
0 |
107.4% - 107.5% |
36 - 124 |
44 |
Outstanding portfolio (USD) | USD 58,261,946 |
Portfolio (USD) | USD 58,261,946 |
Active Clients with Loans | 5,271 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de terrenos destinados al negocio |
Other (2) | Compra/arreglo locales comerciales |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Al menos 24 meses de experiencia en su actividad |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MWK) | MWK 38,676,155 |
Portfolio (USD) | USD 99,169.63 |
Active Clients with Loans | 355 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dynamics |
Other (2) | |
No other services |
Men | |
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 | 18 |
# Regions for this product | 16 |
Regions Active | Dowa, Lilongwe, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Machinga, Mulanje, Zomba |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 20,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 30.0 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 65,000 |
Maximum loan size | 180,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 90% |
MWK 150,000-250,000 | 10% |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 10% |
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 | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 22.50% |
Highest quoted nominal interest | 26.90% |
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 |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Cobro de seguro de desgravamen sobre el monto pendiente de Capital |
Appears on Repayment Sched? | Yes |
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 |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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 | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 2,000 | USD 4,000 | USD 6,000 | USD 8,600 | USD 12,500 | USD 17,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-28 | 2010-06-17 | 2010-06-08 | 2010-06-17 | 2010-06-08 | 2010-06-30 | |||||
Loan Term (Months) | 15.0 months | 24.0 months | 36.0 months | 24.0 months | 36.0 months | 36.0 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% | 24.4% | 23.9% | 23.9% | 22.4% | 22.5% | |||||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | |||||
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) | 27.4% | 25.1% | 24.5% | 24.5% | 23.1% | 23.1% | |||||
Transparency Index | 82 | 90 | 92 | 92 | 98 | 98 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 100,000 | MWK 110,000 | MWK 150,000 | MWK 180,000 | |||
Loan Cycle (1, 2, 3, etc) | 4 | 2 | 4 | 2 | |||
Disbursement Date | 2012-10-30 | 2012-10-08 | 2012-10-30 | 2012-10-30 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.2 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | MWK 24,000 | MWK 26,400 | MWK 36,000 | MWK 43,200 | |||
True Price by Comp | |||||||
Interest price component | 75.7% | 75.8% | 75.7% | 75.7% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 31.7% | 31.7% | 31.7% | 31.7% | |||
Full APR (int fee ins tax dep) | 107.4% | 107.5% | 107.4% | 107.4% | |||
Transparency Index | 45 | 45 | 45 | 45 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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By Country | ||||||
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