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Institution
Data approved: 2011-01-06
Data version: 1
Age of data: - months
Description
This is an agricultural loan extended to clients on the Masika loan to enable them buy important farm inputs. The loan runs over the agricultural season spanning from December to May for rain-fed agriculture but runs over varied times for irrigated farming.*Note: Because this product is seasonal, the institution is only able to provide 1 repayment schedule that represents an active loan.\r
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Can be used ONLY for Working Capital Other (2)
Credit education x Group meetings x Credit insurance x Workplace visits Business training x Other training Other 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency MWK Minimum loan size MWK 5,000 Maximum loan size 40,000
Shortest loan term 6.0 months Longest loan term 6.0 months Approx average 6.0 months
Loans 3 months or less N/A Between 4 and 6 months N/A Between 7 and 9 months N/A Between 10 and 12 months N/A Between 13 and 18 months N/A Longer than 18 months N/A
Daily Weekly Every 2 weeks Every 4 weeks Monthly x Every 2 months Quarterly Every 6 months Every 12 months Single end payment x Irregular payments
Pricing Information
Interest
Lowest quoted nominal interest 5.00% Highest quoted nominal interest 5.00% Interest rate period Monthly Interest Rate Calculation Method Flat Subsidized by funder request? N/A Is rate fixed for entire loan term Yes
Upfront Fees This product has no upfront fees Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Loan Processing Fee + insuranc % of loan amount - min 5.00% % of loan amount - max 5.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Appears on Repayment Sched?
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/A Is deposit indicated on the repayment schedule? N/A Do borrowers control deposit in their group? N/A
Deposit BEFORE or AT Disbursement
% loan amount deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
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
Additional Comments
Note: Because this product is seasonal, the institution is only able to provide 1 repayment schedule that represents an active loan.\r
Full Pricing Data
Fumba (Agricultural Loan) sample s
Fumba (Agricultural Loan) Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Other Institution Type Business Loan Purpose CUMO Institution MW-001-V01-P01 Product MW Country 2011 Year Range Number 1 Institution Data Version 0 20,000 40,000 60,000 80,000 100,000 Loan Size (all) 0% 20% 40% 60% 80% Full APR (int fee ins tax dep) > 3,300 2,500 1,600 800 90 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
