| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1993 |
| Head of Institution | Patson Kuntambila |
| Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, Salima, ChitipaKaronga, Likoma, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje |
| # Branches | 147 |
| Total Portfolio (nat'l) | MWK 185 |
| Total Portfolio (USD) | USD 0.47 |
| Active clients with loans | 1,772 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | MMFN, Micro Credit Summit |
| Funders |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2007 |
| Head of Institution | Niranjan Sheelavant |
| Regions active | |
| # Branches | 6 |
| Total Portfolio (nat'l) | INR 48,626,144 |
| Total Portfolio (USD) | USD 917,474.42 |
| Active clients with loans | 8,267 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generation Loan (IGL) - FNR - IGL | INR 5,000 - 12,000 | 16.8 - 18 | 80% - 100% | 20% - 40% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training, Financial Literacy Programs, Community Contact Programs | |||||||
| Income Generation Loan (IGL) | INR 5,000 - 20,000 | 11.7 | 80% - 100% | 60% - 80% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Programs, Community Contact Programs |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generation Loan (IGL) - FNR - IGL | 0% | 31% | 34.2% - 37.4% | N/A | ||||||||||
| Income Generation Loan (IGL) | 0% | 33.7% | 36.5% - 39.3% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generation Loan (IGL) - FNR - IGL | 27.9% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 31% | 34.2% - 37.4% | 79 | ||||||||
| Income Generation Loan (IGL) | 15.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 33.7% | 36.5% - 39.3% | 39 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generation Loan (IGL) - FNR - IGL | 0% | 31% | 34.2% - 37.4% | N/A | ||||||||||
| Income Generation Loan (IGL) | 0% | 33.7% | 36.5% - 39.3% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generation Loan (IGL) - FNR - IGL | 27.9% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | N/A | 31% | 34.2% - 37.4% | 79 | ||||||||
| Income Generation Loan (IGL) | 15.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 33.7% | 36.5% - 39.3% | 39 |
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