2. MRFC
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Institution

Malawi Rural Finance Company Limited Off Paul Kagame RoadPrivate Bag 39Lilongwe
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 
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Product

Business Loans Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 606,095,353
Portfolio (USD)USD 1,638,096
Active Clients with Loans23,706
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
These are loans granted to micro, small and medium sized entreprenuers to enable them engage in various income generating activities.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 10,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,00010%
MWK 50,000-150,00020%
MWK 150,000-250,00030%
MWK 250,000-350,00040%
MWK 350,000-450,0000
Greater than MWK 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months20%
Between 7 and 9 months20%
Between 10 and 12 months20%
Between 13 and 18 months10%
Longer than 18 months10%
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeCredit and Funeral Expense
% of loan amount - min1.00%0.78%
% of loan amount - max1.50%0.78%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMWK 13,750MWK 30,000MWK 60,000MWK 120,000MWK 250,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-09-302010-09-072010-09-072010-09-152010-09-07
Loan Term (Months)12.0 months11.0 months11.0 months11.0 months11.0 months
Grace Period (Months)1.0 month1.0 month1.0 month0.0 months1.0 month
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component52.5%53.5%51.7%53.1%49.1%
Insurance Component3.1%2.3%1.9%1.8%1.6%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component21.0%21.1%20.4%20.9%19.2%
Full APR (int fee ins tax dep)76.6%76.9%74.0%75.8%69.9%
Transparency Index3939414043
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Business Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyLoan PurposeMRFCInstitutionMW-006-V01-P02ProductMWCountry2011YearRange Number1Institution Data Version050,000100,000150,000200,000250,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 4,7003,5002,3001,100100Number of Borrowers
Click to view Price Analysis Tool
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Gatsby1,3462,440,2362149
Habitat Uganda858265,5081149
Hofokam20,9084,793,2006149
KACITA15660,3181149
Madfa SACCO4,832288,6745149
Opportunity23,73413,560,84613149
RUCREF5,557898,3804168
Rushere SACCO983574,5492149
SAO20462,7681149
Silver Upholders2,111189,1894149
THPU6,528676,3911149
UGAFODE8,1974,720,4469149
VF Uganda13,0723,221,6755149
Wakiso513276,0001149
Y-SAVE2081,686,4851149
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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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