2. Baobab
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
  2. OIBM
Please note that the information you are viewing is 147 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 143 months
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Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 147 months
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Product

Group Loan Product 2 of 3 « Prev | Next »

Product

Agriculture Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers5,082
Loan Amount (range)GHS 100 - 1,000
Loan Term (range)4
Other Services (text summary)Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)
Annual Interest & Method36.00% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component63.1% - 91.9%
Fee Component0 - 19.1%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)75.6%
Transparency Index (min/max)48 - 59
Transparency Index (average)47

Product Summary

10,659
MWK 200,000 - 50,000,000
3 - 48
Credit Educ, Group Mtgs, Credit Ins, Business Training
37.00%-40.00% annual, Decl Bal
2.00% upfront
None
None
15.00% upfront
 
31.6% - 67.3%
2.0% - 47.8%
0 - 3.7%
0
38.7% - 39.0%
29 - 130
95

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,575,561
Portfolio (USD)USD 799,777.16
Active Clients with Loans5,082
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
Other
Description
Designed for women in groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
OtherHealth and nutrition training
Other (2)Clean up exercises (sanitation)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust be a group member and must have lived in the community for at least one year
Other (2)Must have group guarantee
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveNorthern Region

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 738,988,641
Portfolio (USD)USD 1,894,842.67
Active Clients with Loans10,659
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loans given to farmers engaged in various agricultural activities. Repayments are flexible with the crop cycle being funded. Loans are normally given to farmers who have a secure market for the produce.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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 worker
Must be specific age group
OtherRunning a farming enterprise
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution16
# Regions for this product19
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje, Nsanje, Thyolo, Zomba

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 200,000
Maximum loan size50,000,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,0000
MWK 150,000-250,00020%
MWK 250,000-350,00030%
MWK 350,000-450,00020%
Greater than MWK 450,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months20%
Between 13 and 18 months20%
Longer than 18 months40%
Grace Period
Grace period usage70%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
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
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
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 interest37.00%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% 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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
The fees appear in the signed loan contracts. Loans are booked as overdrafts for this product hence there are no repayment schedules.

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 300GHS 400GHS 500GHS 600
Loan Cycle (1, 2, 3, etc)2222
Disbursement Date2013-01-182013-01-182013-01-182013-01-18
Loan Term (Months)4.0 months4.0 months4.0 months4.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditGHS 36GHS 48GHS 60GHS 72
True Price by Comp       
Interest price component63.1%63.1%63.1%63.1%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component12.5%12.5%12.5%12.5%
Full APR (int fee ins tax dep)75.6%75.6%75.6%75.6%
Transparency Index48484848
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 4
Loan AmountMWK 200,000MWK 300,000MWK 500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-042012-10-042012-10-04
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)11.0 months11.0 months11.0 months
Total Cost of CreditMWK 78,000MWK 116,000MWK 195,000
True Price by Comp     
Interest price component31.8%31.6%31.8%
Fee Component2.1%2.0%2.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component5.1%5.1%5.1%
Full APR (int fee ins tax dep)39.0%38.7%39.0%
Transparency Index959695
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeBaobabInstitutionGH-008-V02-P02ProductGHCountry2013YearRange Number2Institution Data Version0100200300400500600Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 5,0003,8002,5001,200100Number of Borrowers
Click to view Price Analysis Tool
Agriculture Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.BankInstitution TypeBusinessLoan PurposeOIBMInstitutionMW-010-V02-P01ProductMWCountry2012YearRange Number2Institution Data Version0100,000200,000300,000400,000500,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 3,1002,3001,50080080Number of Borrowers
Click to view Price Analysis Tool
Caps / Zoom options
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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