CUMO Microfinance Ltd - MFTransparency.org Truth In Lending Tables

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

CUMO Microfinance Ltd Plot 214-215 AirfieldDedzaPO Box 222

Data approved: 2012-11-23

Data version: 2

Age of data: 143 months

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Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	Yes
Website address	http://www.concernuniversal.org/
Year established	2000
Head of Institution	Ezikiel Phiri
Regions active	Dedza, Dowa, Lilongwe, Ntcheu, Salima, Balaka, Chiradzulu, MachingaMangochi, Mulanje, Nsanje
# Branches	2

Total Portfolio (nat'l)	MWK 231,643,414
Total Portfolio (USD)	USD 593,957.47
Active clients with loans	48,013
Approximate % female clients	60% - 80%
Approximate % urban clients	20% - 40%
Network affiliations	MAMN, The MIX Market
Funders	Concern Universal, USAID, UNDP UNCDF through FIMA, Irish Aid

Loan Products » Summary

Fumba

790 Borrowers

USD 30,823.69 Portfolio

Active Product

Masika

47,223 Borrowers

USD 563,133.78 Portfolio

Active Product

Mtenthandevu (Small Holder Tea Growers)

Retired Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Fumba (Agricultural Loan)		MWK 10,000 - 50,000		6		60% - 80%		0% - 20%		Business, Used for only working capital purpose		Women, Men, Have business		Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental & HIV & AIDS education
Masika (Village Enterprise Loan)		MWK 2,000 - 200,000		4 - 6		60% - 80%		0% - 20%		Business, Used for only working capital purpose		Women, Men		Credit Educ, Group Mtgs, Credit Ins, Business Training, Environmental and HIV-AIDS Education

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Fumba (Agricultural Loan)		60.00% annual, Flat		1 Fee		1 Ins		None		5.00% upfront		71.1%		80.3%		74
Masika (Village Enterprise Loan)		54.00%-72.00% annual, Flat		1 Fee		1 Ins		None		5.00% upfront		104.4%		125.1%		43

Institution Price Graph

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Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

BARASAT GRAMEEN SOCIETY Ramkrishnalane, Noapara, Barasat,Barasat, West Bengal700125

Data approved: 2010-10-25

Data version: 1

Age of data: 171 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 5,273,925
Portfolio (USD)	USD 99,508.02
Active Clients with Loans	1,164
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

We disburse loan among the rural and urban women for their socio-economical development. We disburse loan amounting upto Rs. 10000 and repayment made weekly basis. Interest is taken 15% P.A.

Loan Purpose

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

Included Services

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

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	10.6 months
Longest loan term	10.6 months
Approx average	10.6 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	100%
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	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	15.00%
Highest quoted nominal interest	15.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% 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

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?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small Loan samples

	Sample 1	Sample 2
Loan Amount	INR 5,000	INR 10,000
Loan Cycle (1, 2, 3, etc)	1	2
Disbursement Date	2010-03-11	2010-06-12
Loan Term (Months)	10.7 months	10.5 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	34.2%	29.7%
Insurance Component	1.2%	1.2%
Tax Component	0.0%	0.0%
Deposit Component	7.7%	6.8%
Full APR (int fee ins tax dep)	43.1%	37.7%
MFIN MFI Earning (Annualised)	34.2%	29.7%
MFIN Cost to Borrower (Annualised)	43.1%	37.7%
Transparency Index	35	40
MFIN Transparency Index	N/A	N/A

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Small 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
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

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

Small Loan samples

Small Loan Price Graphs

Total Borrowers of Samples

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