| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1993 |
| Head of Institution | Silas Murotho |
| Regions active | Dedza |
| # Branches | 148 |
| Total Portfolio (nat'l) | MWK 1,606,853,200 |
| Total Portfolio (USD) | USD 4,342,846.49 |
| Active clients with loans | 132,000 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | MMFN, Micro Credit Summit |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loans | MWK 35,000 - 500,000 | 5 - 12 | 20% - 40% | 0% - 20% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
| Business Loans | MWK 10,000 - 300,000 | 6 - 24 | 20% - 40% | 0% - 20% | Any Purpose | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loans | 30.00%-33.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 28.8% - 29.5% | 36% - 36.9% | 82 | ||||||||
| Business Loans | 30.00%-33.00% annual, Flat | 2 Fees | 0 Ins | None | 20.00% upfront | 49.1% - 53.5% | 69.9% - 76.9% | 40 |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| AgroCapital | 21,900 | 16,894,000 | 11 | 176 |
| ANED | 5,400 | 6,579,000 | 3 | 135 |
| Banco FIE | 231,100 | 569,322,000 | 6 | 135 |
| BancoSol | 215,300 | 861,418,000 | 30 | 135 |
| CIDRE | 8,500 | 126,578,000 | 8 | 135 |
| Coop Fatima | 6,300 | 44,280,000 | 7 | 176 |
| CRECER | 166,900 | 134,626,000 | 13 | 135 |
| Diaconia | 67,000 | 85,734,000 | 2 | 135 |
| Ecofuturo | 59,200 | 226,839,000 | 5 | 135 |
| EMPRENDER | 8,700 | 2,380,000 | 3 | 176 |
| Fassil FFP | 57,600 | 325,081,000 | 5 | 135 |
| FONCRESOL | 3,900 | 9,573,000 | 3 | 135 |
| FONDECO | 14,200 | 24,274,000 | 3 | 135 |
| Fortaleza | 20,100 | 164,530,000 | 13 | 135 |
| FUBODE | 29,400 | 24,444,000 | 7 | 135 |
| FUNBODEM | 8,600 | 15,798,000 | 9 | 135 |
| IDEPRO | 10,400 | 40,479,000 | 2 | 135 |
| IMPRO | 2,400 | 2,885,000 | 4 | 135 |
| ProCredit | 84,300 | 257,487,000 | 8 | 176 |
| PRODEM | 44,900 | 62,529,000 | 4 | 135 |
| ProMujer BOL | 115,200 | 50,753,000 | 3 | 135 |
| Sartawi | 14,600 | 26,842,000 | 8 | 135 |
| Key Statistics | |
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| # 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
