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 (PKR) | PKR 282,532,113 |
Portfolio (USD) | USD 2,774,465.35 |
Active Clients with Loans | 2,583 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Azad Kashmir, Balochistan, Islambad Capital Territory, Khyber Pakhtunkwa, Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 25,000 |
Maximum loan size | 150,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 0 |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 40% |
PKR 75,000-150,000 | 30% |
Greater than PKR 150,000 | 30% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 2,000 |
Reason for variation | Loan <PKR 50,000= 1000, > 50,000 and <100,000 = 1500, >100,000 = 2000 |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 16% |
All or some fees taxed | Some |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 25,000 | Generated | 2015-06-01 | 8.9 months | N/A | PKR 5,783.29 | 29.4% | 22.9% | 5.6% | 0.0% | 0.9% | 0.0% | 85 | - | |
PKR 30,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 8,557.26 | 26.4% | 22.4% | 3.4% | 0.0% | 0.6% | 0.0% | 95 | - | |
PKR 50,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 13,488.77 | 24.7% | 22.4% | 2.0% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 55,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 14,721.64 | 24.5% | 22.4% | 1.8% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 60,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 15,954.52 | 24.3% | 22.4% | 1.7% | 0.0% | 0.2% | 0.0% | 100 | - | |
PKR 65,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 17,187.40 | 24.2% | 22.4% | 1.5% | 0.0% | 0.3% | 0.0% | 100 | - | |
PKR 80,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 20,886.03 | 23.8% | 22.4% | 1.2% | 0.0% | 0.2% | 0.0% | 100 | - | |
PKR 100,000 | Generated | 2015-06-01 | 11.8 months | N/A | PKR 25,817.53 | 23.5% | 22.4% | 1.0% | 0.0% | 0.1% | 0.0% | 100 | - |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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