Number borrowers | 1,425 |
Loan Amount (range) | MWK 18,000 - 80,000 |
Loan Term (range) | 3 - 7 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Dynamics |
Annual Interest & Method | 57.00% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 10.00%-20.00% upfront |
Range of pricing | |
Interest Price Component | 36.2% - 108.4% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 45.9% - 83.7% |
Transparency Index (min/max) | 36 - 124 |
Transparency Index (average) | 83 |
5,991 |
INR 15,000 - 35,000 |
24 |
Credit Educ, Group Mtgs, Credit Ins |
24.0% annual, Decl Bal |
1.00% upfront |
120.00-200.00 upfront 7.30% ongoing |
12.36% fees |
N/A |
23.3% - 26.9% |
0 - 1.9% |
0 - 6.8% |
0 - 0.3% |
32.4% - 34.9% |
69 - 103 |
72 |
Outstanding portfolio (MWK) | MWK 45,578,634 |
Portfolio (USD) | USD 116,868.29 |
Active Clients with Loans | 1,425 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
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 | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Group Dynamics |
Other (2) | |
No other services |
Men | |
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 | 18 |
# Regions for this product | 8 |
Regions Active | Dowa, Nkhotakota, Ntcheu, Ntchisi, Salima, Mzimba, Nkhata Bay, Rumphi |
Outstanding portfolio (INR) | INR 130,597,737 |
Portfolio (USD) | USD 2,464,108.25 |
Active Clients with Loans | 5,991 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 14 |
Regions Active | Bihar, GoaJharkhand, Karnataka, Kerala, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi |
Currency | MWK |
Minimum loan size | MWK 18,000 |
Maximum loan size | 80,000 |
Loans less than MWK 50,000 | 70% |
MWK 50,000-150,000 | 30% |
MWK 150,000-250,000 | 0 |
MWK 250,000-350,000 | 0 |
MWK 350,000-450,000 | 0 |
Greater than MWK 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 7.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 80% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 2.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 10% |
INR 25,000-35,000 | 90% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
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 | 4.75% |
Highest quoted nominal interest | 4.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 7.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
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 | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 120 |
Fixed amount - max | 200 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Cattle Insurance |
% of loan amount - min | 7.30% |
% of loan amount - max | 7.30% |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MWK 20,000 | MWK 30,000 | MWK 45,000 | MWK 50,000 | |||
Loan Cycle (1, 2, 3, etc) | 7 | 2 | 7 | 4 | |||
Disbursement Date | 2012-11-07 | 2012-11-07 | 2012-11-07 | 2012-11-07 | |||
Loan Term (Months) | 7.0 months | 7.0 months | 7.0 months | 7.0 months | |||
Grace Period (Months) | 4.1 months | 2.1 months | 4.1 months | 4.1 months | |||
Total Cost of Credit | MWK 5,600 | MWK 8,400 | MWK 12,600 | MWK 10,000 | |||
True Price by Comp | |||||||
Interest price component | 49.0% | 60.4% | 49.0% | 36.2% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 33.7% | 23.3% | 12.7% | 9.7% | |||
Full APR (int fee ins tax dep) | 82.7% | 83.7% | 61.7% | 45.9% | |||
Transparency Index | 69 | 68 | 92 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 30,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-17 | 2012-12-18 | 2013-04-03 | ||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.7 months | 1.0 month | 0.3 months | ||
Total Cost of Credit | INR 7,080.24 | INR 12,952.08 | INR 11,649.08 | ||
True Price by Comp | |||||
Interest price component | 25.0% | 26.9% | 25.4% | ||
Fee Component | 1.0% | 1.0% | 1.0% | ||
Insurance Component | 6.3% | 6.8% | 6.5% | ||
Tax Component | 0.1% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.4% | 34.9% | 33.0% | ||
MFIN MFI Earning (Annualised) | 26.0% | 27.9% | 26.4% | ||
MFIN Cost to Borrower (Annualised) | 32.4% | 34.9% | 33.0% | ||
Transparency Index | 74 | 69 | 73 | ||
MFIN Transparency Index | 96 | 89 | 94 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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