Number borrowers | 749 |
Loan Amount (range) | USD 250 - 8,000 |
Loan Term (range) | 4 - 30 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 15.2% annual, Decl Bal |
Fees | None |
Insurance | 6.00% ongoing |
Tax | None |
Comp Dep | 9.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 15.4% (Int+Fee) |
Insurance Component | 0.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 18.7% - 19.2% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 79 |
166,575 |
MWK 150,000 - 500,000 |
6 - 18 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
28.00% annual, Decl Bal |
2.40% upfront |
0.50% upfront |
None |
N/A |
21.4% - 27.7% |
2.5% - 3.2% |
0.6% |
0 |
24.9% - 31.1% |
90 - 113 |
100 |
Outstanding portfolio (USD) | USD 1,659,418.25 |
Portfolio (USD) | USD 1,659,418.25 |
Active Clients with Loans | 749 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | |
Must own a home or land | |
Must be a salaried worker | x |
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 994,727,000 |
Portfolio (USD) | USD 2,550,582.05 |
Active Clients with Loans | 166,575 |
Approximate % Female Clients | 40% - 60% |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dynamics |
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 | 24 |
# Regions for this product | 28 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno |
Currency | USD |
Minimum loan size | USD 250 |
Maximum loan size | 8,000 |
Shortest loan term | 4.0 months |
Longest loan term | 30.0 months |
Approx average | 20.0 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 150,000 |
Maximum loan size | 500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 0 |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 30% |
MWK 350,000-450,000 | 30% |
Greater than MWK 450,000 | 30% |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 50% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 15.20% |
Highest quoted nominal interest | 15.20% |
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 DOS CABEZAS, CALCULADA SOBRE EL MONTO DEL CREDITO DISTRIBUIDO EN CADA CUOTA |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 9.00% |
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 | 0.50% |
Maximum interest rate paid | 2.50% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.40% |
% of loan amount - max | 2.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-10-06 | 2010-09-21 | 2010-10-05 | 2010-10-12 | 2010-09-21 | ||||
Loan Term (Months) | 5.0 months | 10.0 months | 14.0 months | 24.0 months | 32.0 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 | 15.4% | 15.4% | 15.4% | 15.4% | 15.4% | ||||
Insurance Component | 0.7% | 0.7% | 0.7% | 0.7% | 0.7% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 2.6% | 3.0% | 3.0% | 3.1% | 3.0% | ||||
Full APR (int fee ins tax dep) | 18.7% | 19.1% | 19.2% | 19.2% | 19.2% | ||||
Transparency Index | 81 | 80 | 79 | 79 | 79 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 144,110 | MWK 300,000 | MWK 112,700 | MWK 500,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | |||
Disbursement Date | 2012-05-30 | 2012-02-29 | 2012-08-23 | 2012-07-03 | |||
Loan Term (Months) | 24.0 months | 15.0 months | 24.0 months | 16.0 months | |||
Grace Period (Months) | 0.0 months | 2.9 months | -0.7 months | 4.0 months | |||
Total Cost of Credit | MWK 48,075.19 | MWK 65,076 | MWK 36,556.30 | MWK 115,540 | |||
True Price by Comp | |||||||
Interest price component | 26.6% | 22.4% | 27.7% | 21.4% | |||
Fee Component | 2.5% | 3.2% | 2.8% | 2.9% | |||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | |||
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) | 29.7% | 26.2% | 31.1% | 24.9% | |||
Transparency Index | 94 | 100 | 90 | 100 | |||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |