Outstanding portfolio (MWK) | MWK 994,727,000 |
Portfolio (USD) | USD 2,550,582.05 |
Active Clients with Loans | 166,575 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dynamics |
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 | 24 |
# Regions for this product | 28 |
Regions Active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje, Thyolo, Phalombe, Zomba, Neno |
Currency | MWK |
Minimum loan size | MWK 150,000 |
Maximum loan size | 500,000 |
Loans less than MWK 50,000 | 0 |
MWK 50,000-150,000 | 0 |
MWK 150,000-250,000 | 20% |
MWK 250,000-350,000 | 30% |
MWK 350,000-450,000 | 30% |
Greater than MWK 450,000 | 30% |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 50% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 2.40% |
% of loan amount - max | 2.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% 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 |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 144,110 | MWK 300,000 | MWK 112,700 | MWK 500,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | Not Known | |||
Disbursement Date | 2012-05-30 | 2012-02-29 | 2012-08-23 | 2012-07-03 | |||
Loan Term (Months) | 24.0 months | 15.0 months | 24.0 months | 16.0 months | |||
Grace Period (Months) | 0.0 months | 2.9 months | -0.7 months | 4.0 months | |||
Total Cost of Credit | MWK 48,075.19 | MWK 65,076 | MWK 36,556.30 | MWK 115,540 | |||
True Price by Comp | |||||||
Interest price component | 26.6% | 22.4% | 27.7% | 21.4% | |||
Fee Component | 2.5% | 3.2% | 2.8% | 2.9% | |||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.7% | 26.2% | 31.1% | 24.9% | |||
Transparency Index | 94 | 100 | 90 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | Sanja Tiwari |
Regions active | |
# Branches | 1 |
Total Portfolio (nat'l) | INR 20,329,000 |
Total Portfolio (USD) | USD 383,566.04 |
Active clients with loans | 1,539 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | INR 5,000 - 12,000 | 12 | 80% - 100% | 40% - 60% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Agricultural Loan | INR 5,000 - 12,000 | 6 | 80% - 100% | 0% - 20% | Business, Can ONLY be used for working capital | Women, Agricutual needs and working capital | Credit Educ, Group Mtgs, Credit Ins |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | 0% | 37.5% - 43.6% | 38.6% - 44.8% | N/A | ||||||||||
Agricultural Loan | 0% | 27.6% - 27.9% | 29% - 29.3% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | 18.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 37.5% - 43.6% | 38.6% - 44.8% | 43 | ||||||||
Agricultural Loan | 18.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 27.6% - 27.9% | 29% - 29.3% | 61 |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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