Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.worldvision.com |
Year established | 2000 |
Head of Institution | Masutano Mulaga |
Regions active | Kasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje |
# Branches | 2 |
Total Portfolio (nat'l) | MWK 253,269,047.10 |
Total Portfolio (USD) | USD 649,407.81 |
Active clients with loans | 8,790 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Malawi Microfinance Network (MAMN) |
Funders | Vision Fund International, World Vision International, World Vision, Malawi (ADP) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural loan I (Irrigation loan - Group) | MWK 5,000 - 100,000 | 4 - 12 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training | |||||||
Agricultural Loan II (Rain fed - Group) | MWK 5,000 - 200,000 | 6 - 10 | 40% - 60% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Business Loan II (Group) | MWK 5,000 - 300,000 | 6 - 9 | 40% - 60% | 80% - 100% | Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training | |||||||
Business Loan III (Individual) | MWK 5,000 - 2,000,000 | 4 - 12 | 60% - 80% | 80% - 100% | Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. | Women, Men, Have business | Credit Educ, Group Mtgs |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural loan I (Irrigation loan - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 51.9% - 56.9% | 63.7% - 70% | 82 | ||||||||
Agricultural Loan II (Rain fed - Group) | 54.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 52% - 64.5% | 63.1% - 79.2% | 78 | ||||||||
Business Loan II (Group) | 48.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 80.9% - 99.8% | 112.7% - 139.6% | 39 | ||||||||
Business Loan III (Individual) | 42.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 72.8% - 74.5% | 91% - 93.2% | 45 |
Outstanding portfolio (KES) | KES 214,899.19 |
Portfolio (USD) | USD 2,595.40 |
Active Clients with Loans | 5 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
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 | 5 |
# Regions for this product | N/A |
Regions Active |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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