Outstanding portfolio (USD) | USD 73,328.71 |
Portfolio (USD) | USD 73,328.71 |
Active Clients with Loans | 172 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | Usar solo para capital de trabajo |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Propietario de Terreno |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 300 |
Maximum loan size | 1,000 |
Shortest loan term | 3.0 months |
Longest loan term | 8.0 months |
Approx average | 7.2 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 24.45% |
Highest quoted nominal interest | 26.92% |
Reason(s) why interest rate varies | Depende del sector donde estan ubicados los clientes que se determinan por nivel de pobreza de acuerdo a como lo establece el Sistema Nacional de Microfinanzas.\rTipo A los más pobres\rTipo B intermedios\rTipo C menos pobres |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Vida, Seguro de Desgravamen |
% of loan amount - min | 1.90% |
% of loan amount - max | 1.90% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 450 | USD 450 | USD 900 | USD 1,000 | |||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 2 | 3 | |||
Disbursement Date | 2010-07-02 | 2010-06-21 | 2010-06-17 | 2010-06-02 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 8.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 27.3% | 27.3% | 27.2% | 27.3% | |||
Insurance Component | 3.1% | 3.1% | 3.1% | 3.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.4% | 30.4% | 30.3% | 30.4% | |||
Transparency Index | 81 | 81 | 81 | 80 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Bank |
Is this institution regulated? | Yes |
Website address | http://www.oibm.mw/ |
Year established | 2003 |
Head of Institution | Cosmus Kowuoche |
Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje |
# Branches | 33 |
Total Portfolio (nat'l) | MWK 3,598,720,264 |
Total Portfolio (USD) | USD 9,227,487.86 |
Active clients with loans | 52,649 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Opportunity International, MAMN, Bankers Association of Malawi |
Funders | Opportunity Transformation Investment, Opportunity Microfinance Investment, Trust for Transformation, Africap |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | MWK 200,000 - 50,000,000 | 3 - 48 | 20% - 40% | 0% - 20% | Business | Women, Men, Running a farming enterprise | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Masiko (Group) Loan | MWK 140,000 - 2,800,000 | 4 - 9 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Mzati (Individual) Loan | MWK 50,000 - 1,000,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Must have assets as collateral | Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance | |||||||
Payroll Loan | MWK 15,000 - 4,000,000 | 3 - 48 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker, Age must be above 18 years | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 37.00%-40.00% annual, Decl Bal | 1 Fee | 0 Ins | None | 15.00% upfront | 33.6% - 33.9% | 38.7% - 39% | 95 | ||||||||
Masiko (Group) Loan | 48.75% annual, Flat | 1 Fee | 0 Ins | None | 15.00% upfront | 72.5% - 74.7% | 90.5% - 94.1% | 52 | ||||||||
Mzati (Individual) Loan | 42.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00% upfront | 70% - 111.5% | 92.3% - 144.5% | 39 | ||||||||
Payroll Loan | 45.00% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 34.7% - 45.7% | 34.7% - 45.7% | 100 |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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