Outstanding portfolio (MWK) | MWK 307,541,000 |
Portfolio (USD) | USD 788,566.67 |
Active Clients with Loans | 2,221 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
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 | 22 |
# Regions for this product | 25 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba |
Currency | MWK |
Minimum loan size | MWK 50,000 |
Maximum loan size | 4,500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 30% |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 20% |
MWK 350,000-450,000 | 10% |
Greater than MWK 450,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 30% |
Average grace period | 3.0 months |
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 |
Lowest quoted nominal interest | 5.00% |
Highest quoted nominal interest | 5.60% |
Reason(s) why interest rate varies | Loan Size, K50,000-250,000=5.6%pm, K250,000-300,000=5.2%pm & >K300,000=5%pm |
Interest rate period | Monthly |
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 | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | MWK 50,000 | MWK 100,000 | MWK 200,000 | MWK 300,000 | MWK 400,000 | MWK 500,000 | |||||
Loan Cycle (1, 2, 3, etc) | 5 | 2 | 1 | 11 | 8 | 4 | |||||
Disbursement Date | 2012-11-10 | 2012-10-31 | 2012-10-16 | 2012-11-27 | 2012-11-21 | 2012-10-19 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.1 months | 0.0 months | 0.2 months | 0.1 months | 0.0 months | |||||
Total Cost of Credit | MWK 10,994.20 | MWK 21,988.34 | MWK 43,976.68 | MWK 61,402.86 | MWK 81,870.50 | MWK 192,109.72 | |||||
True Price by Comp | |||||||||||
Interest price component | 65.6% | 64.9% | 64.8% | 57.7% | 60.4% | 60.7% | |||||
Fee Component | 5.5% | 5.4% | 5.4% | 5.1% | 5.4% | 3.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 71.1% | 70.3% | 70.2% | 62.8% | 65.8% | 63.8% | |||||
Transparency Index | 84 | 85 | 86 | 95 | 91 | 94 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.wethepeople.co.in/ |
Year established | 2005 |
Head of Institution | Ajaya Mohapatra |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | INR 12,963,159 |
Total Portfolio (USD) | USD 244,587.91 |
Active clients with loans | 1,645 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Subh Arambh | INR 7,000 - 10,000 | 6 - 12 | 80% - 100% | 60% - 80% | Any Purpose | Women | Credit Educ, Credit Ins, Business Training, Other Training | |||||||
Sukh Samridhi | INR 15,000 - 16,000 | 6 - 12 | 80% - 100% | 60% - 80% | Business | Women | Credit Educ, Credit Ins, Business Training |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Subh Arambh | 0% | 31.5% | 39.5% | N/A | ||||||||||
Sukh Samridhi | 0% | 30.8% | 41.7% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Subh Arambh | 15.0% annual, Flat | 1 Fee | 1 Ins | None | 500.00 upfront | 31.5% | 39.5% | 38 | ||||||||
Sukh Samridhi | 15.0% annual, Flat | 0 Fees | 0 Ins | None | 1,000.00 upfront | 30.8% | 41.7% | 36 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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