2. OIBM
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Vistaar
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 141 months
Choose version

Institution

Vistaar Livelihood Financial services Private Limited No 9,37th Main 3rd Cross. KAS officers layoutBTM 2nd StageBangalore, karnataka560076
Data approved: 2011-01-23
Data version: 1
Age of data: 166 months

Product

Masiko (Group) Loan Product 2 of 4 « Prev | Next »

Product

High Ticket livelihood Group Loan Product Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers34,795
Loan Amount (range)MWK 140,000 - 2,800,000
Loan Term (range)4 - 9
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training
Annual Interest & Method48.75% annual, Flat
Fees3.50% upfront
InsuranceNone
TaxNone
Comp Dep15.00% upfront
Range of pricing 
Interest Price Component31.6% - 67.3%
Fee Component2.0% - 47.8%
Insurance Component0 - 3.7%
Tax Component Range0
Full APR (int fee ins tax dep)90.5% - 94.1%
Transparency Index (min/max)29 - 130
Transparency Index (average)52

Product Summary

713
INR 18,750 - 24,750
18 - 24
Group Mtgs
27.0% annual, Decl Bal
350.00-600.00 upfront
190.00-240.00 upfront
None
N/A
 
N/A
29.4% - 30.1% (Int+Fee)
0.7% - 1.8%
0
30.8% - 31.8%
84 - 88
87

Product Details

Key Statistics
Outstanding portfolio (MWK)MWK 635,069,330
Portfolio (USD)USD 1,628,382.90
Active Clients with Loans34,795
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group loans are given to individuals running small businesses. Group members self-select and come from the same area. The loan is secured by the group's mutual guarantee. Members get transformation lessons as a benefit.
Loan Purpose
Any purpose
Income generationx
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 institution16
# Regions for this product18
Regions ActiveDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Nsanje, Thyolo, Zomba

Product Details

Key Statistics
Outstanding portfolio (INR)INR 14,160,506.44
Portfolio (USD)USD 267,179.37
Active Clients with Loans713
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is given to womens in group of 4 to 6 with minimum of 2 to max of 5 such group per center. The women should be involved in livelihoods like dairy,powerloom,handloom,small businesses etc
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyMWK
Minimum loan sizeMWK 140,000
Maximum loan size2,800,000
Distribution at Disbursement (Est.)
Loans less than MWK 50,0000
MWK 50,000-150,0005%
MWK 150,000-250,00030%
MWK 250,000-350,00030%
MWK 350,000-450,00015%
Greater than MWK 450,00015%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term9.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months50%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 18,750
Maximum loan size24,750
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,000100%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term24.0 months
Approx average18.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest3.75%
Highest quoted nominal interest3.75%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.50%
% of loan amount - max3.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest27.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min350
Fixed amount - max600
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee (Voluntary) including Spouse (including Service Tax)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min190
Fixed amount - max240
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The insurance is not a credit shield but a term life insurnace policy offered to both the customer & the spouse. The sum assured is constant throughout the loan period & is taken as the 2K+ the loan amount. The processing fee varies from 1.82 to 2.5 % based on the loan amount.

Full Pricing Data

Masiko (Group) Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountMWK 170,000MWK 230,000MWK 390,000MWK 830,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-142012-10-162012-10-182012-10-11
Loan Term (Months)5.9 months7.0 months9.0 months6.0 months
Grace Period (Months)0.9 months0.9 months0.8 months1.0 month
Total Cost of CreditMWK 43,019.75MWK 66,687.60MWK 140,969.58MWK 214,035.80
True Price by Comp       
Interest price component62.4%64.4%65.9%61.4%
Fee Component11.5%10.3%8.5%11.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component18.7%19.4%19.5%18.0%
Full APR (int fee ins tax dep)92.6%94.1%93.9%90.5%
Transparency Index53525254
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

High Ticket livelihood Group Loan Product samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 18,750INR 18,750INR 21,750INR 24,750
Loan Cycle (1, 2, 3, etc)11Not KnownNot Known
Disbursement Date2010-12-042010-12-102010-12-112010-12-11
Loan Term (Months)18.0 months16.8 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component29.4%30.1%29.7%29.7%
Insurance Component1.6%1.7%1.1%1.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.0%31.8%30.8%30.8%
MFIN MFI Earning (Annualised)29.4%30.1%29.7%29.7%
MFIN Cost to Borrower (Annualised)31.0%31.8%30.8%30.8%
Transparency Index87858888
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Masiko (Group) Loan Price Graphs


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High Ticket livelihood Group Loan Product Price Graphs


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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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