2. DECOF
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FINCOOP
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fundación DECOF José María Peña Nº12-35 y MercadilloLojaEC110102
Data approved: 2010-11-08
Data version: 1
Age of data: 170 months

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292
Data approved: 2013-01-04
Data version: 2
Age of data: 143 months
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Product

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Product

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Product Summary

Number borrowers400
Loan Amount (range)USD 200 - 2,000
Loan Term (range)3 - 24
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method21.0% annual, Decl Bal
FeesNone
Insurance1.00% upfront
TaxNone
Comp Dep7.0% upfront 4.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component20.8% - 21.0% (Int+Fee)
Insurance Component1.1% - 4.3%
Tax Component Range0
Full APR (int fee ins tax dep)26.0% - 28.9%
Transparency Index (min/max)64 - 81
Transparency Index (average)77

Product Summary

562
MWK 5,000 - 1,500,000
3 - 12
Credit Educ
38.00% annual, Flat
3.00% upfront
2.00% upfront
None
50.00% upfront
 
54.5% - 72.2%
5.6% - 18.8%
3.9% - 12.9%
0
223.1% - 291.3%
11 - 26
16

Product Details

Key Statistics
Outstanding portfolio (USD)USD 178,652
Portfolio (USD)USD 178,652
Active Clients with Loans400
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Microcredito destinado para iniciar o fortalecer pequeños negocios y cubrir imprevisto.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 27,177,900.39
Portfolio (USD)USD 69,686.92
Active Clients with Loans562
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is a loan product for those who are on salaried employement
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveLilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 200
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average10.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 5,000
Maximum loan size1,500,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00030%
MWK 50,000-150,00050%
MWK 150,000-250,00010%
MWK 250,000-350,0005%
MWK 350,000-450,0005%
Greater than MWK 450,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months10%
Between 7 and 9 months40%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
Descriptionseguro de desgravamen
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited7.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedUSD 4
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest38.00%
Highest quoted nominal interest38.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationn/a
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Premium
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited50.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcrédito (mensual) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 400USD 1,000USD 2,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-05-172010-04-012010-04-27
Loan Term (Months)6.0 months18.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component20.8%21.0%21.0%
Insurance Component3.5%1.4%1.1%
Tax Component0.0%0.0%0.0%
Deposit Component4.6%4.7%4.0%
Full APR (int fee ins tax dep)28.9%27.0%26.0%
Transparency Index737881
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Payroll Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountMWK 17,400MWK 20,000MWK 50,000MWK 100,000MWK 300,000MWK 500,000
Loan Cycle (1, 2, 3, etc)593723
Disbursement Date2012-12-182013-01-142013-01-032012-07-252012-09-072013-01-14
Loan Term (Months)12.0 months4.0 months12.0 months10.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMWK 7,482MWK 3,533.32MWK 21,499.96MWK 36,666.70MWK 129,000MWK 214,999.96
True Price by Comp           
Interest price component62.6%58.8%62.8%62.2%62.6%62.8%
Fee Component6.2%15.2%6.3%7.2%6.3%6.3%
Insurance Component4.3%10.5%4.3%4.9%4.3%4.3%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component150.0%206.8%151.4%160.7%150.3%151.4%
Full APR (int fee ins tax dep)223.1%291.3%224.8%235.0%223.5%224.8%
Transparency Index171317161717
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Microcrédito (mensual) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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