- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AGFS	200	47,000	2	156
Ahantaman RB	23,800	9,896,000	4	138
APED	13,700	1,876,000	2	138
ASA Initiative	4,400	577,000	4	138
ASA-Ghana	71,600	18,385,000	2	138
ASPI	800	88,000	6	138
Atwima Kwanwoma	3,800	1,788,000	2	138
Baobab	5,100	967,000	2	138
BestFUND	13,000	4,172,000	3	138
Bonzali Rural	10,400	1,691,000	4	156
CashPhase	83	135,000	2	138
CASUD	1,100	524,000	1	138
CEDEF	500	54,000	4	138
CFF	100	13,000	1	138
CRAN	3,600	1,019,000	2	138
DQF	1,700	63,000	2	138
EASL	9,200	11,409,000	6	138
East Mamprusi	12,500	2,268,000	4	138
ELDA	0	0	0	138
EMPRETEC Ghana	200	56,000	2	138
FASL	13,500	14,047,000	8	138
Grameen Ghana	9,500	507,000	3	138
ID-Ghana	5,600	953,000	3	138
Innovative Finance	2,700	354,000	3	138
Kraban Support	7,700	781,000	5	156
KRB	4,000	6,350,000	3	138
Lower Pra RB	34,000	6,316,000	3	156
Maata-N-Tudu	12,000	941,000	4	138
Mail Finance	300	288,000	1	138
Markaz	0	0	0	138
Markaz Al Bishara	100	17,000	1	138
MicrofinPlus Gh	1,100	251,000	2	138
Nwabiagya RB	4,000	2,265,000	3	138
OISL	62,000	27,232,000	9	138
Pro Credit	0	0	0	138
Rich Step	100	101,000	1	138
SAT	147,600	29,359,000	4	138
Sekam Trust	600	137,000	2	138
Simli Pong	8,900	463,000	3	156
SS Ghana	200	35,000	1	138
TCCU	100	32,000	3	138
The Bridge	400	32,000	3	156
Union RB	3,800	2,361,000	4	138

Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Savings and Credit Cooperative MUSCCO HouseLilongwePO Box 1292

Data approved: 2013-01-04

Data version: 2

Age of data: 142 months

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Product

Pompopompo (Emergency Loan) Product 4 of 7 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 1,390,686
Portfolio (USD)	USD 3,565.86
Active Clients with Loans	122
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a short-term loan to take care of emergencies.

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Lilongwe, Mchinji, Salima, Mzimba, Blantyre

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 1,120
Maximum loan size	30,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	100%
MWK 50,000-150,000	0
MWK 150,000-250,000	0
MWK 250,000-350,000	0
MWK 350,000-450,000	0
Greater than MWK 450,000	0

Loan Term and Grace Period

Shortest loan term	2.0 months
Longest loan term	5.0 months
Approx average	4.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	100%
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	36.00%
Highest quoted nominal interest	36.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Premium
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	50.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Pompopompo (Emergency Loan) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	MWK 8,000	MWK 9,000	MWK 17,000	MWK 30,000
Loan Cycle (1, 2, 3, etc)	1	9	7	1
Disbursement Date	2012-09-18	2012-04-13	2012-09-07	2012-08-08
Loan Term (Months)	3.0 months	3.0 months	3.0 months	3.1 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	MWK 1,300	MWK 1,395	MWK 2,762.50	MWK 4,875
True Price by Comp
Interest price component	64.8%	60.6%	64.8%	64.1%
Fee Component	18.7%	18.8%	18.7%	18.5%
Insurance Component	12.9%	12.8%	12.9%	12.7%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	212.0%	206.0%	212.0%	209.0%
Full APR (int fee ins tax dep)	308.4%	298.2%	308.4%	304.3%
Transparency Index	12	12	12	12

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Pompopompo (Emergency Loan) 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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Pompopompo (Emergency Loan) samples

Pompopompo (Emergency Loan) Price Graphs

Total Borrowers of Samples

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