2. OIBM
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. NRDP
Please note that the information you are viewing is 131 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: 143 months
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Institution

National Rural Development Program NRDP Secretariat, Circular Road, Mumtaz ColonyNarowal, Punjab51600
Data approved: 2013-07-23
Data version: 1
Age of data: 131 months

Product

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

Product

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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

4,691
PKR 10,000 - 75,000
12
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
20.0% annual, Flat
2.00% upfront
None
None
N/A
 
28.2% - 34.7%
4.0% - 4.1%
0
0
38.5% - 38.7%
0 - N/A
N/A

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 (PKR)PKR 67,533,958
Portfolio (USD)USD 689,122.02
Active Clients with Loans4,691
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Based on sustainability of business, prior performance and repayment capacity of the client (need and requirement of the client is also taken into consideration) Maximum 75,000.
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 insurance
Workplace visitsx
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 groupx
OtherProductive Loans for legal business (Small)
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

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
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00050%
PKR 25,000-50,00040%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
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 interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
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 - min2.00%
% of loan amount - max2.00%
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 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

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

General Loan samples
Sample 1Sample 2Sample 3
Loan AmountPKR 10,000PKR 20,000PKR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-152012-11-082013-06-15
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditPKR 2,200PKR 4,400PKR 11,000
True Price by Comp     
Interest price component34.5%34.7%34.5%
Fee Component4.0%4.0%4.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.5%38.7%38.5%
Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Masiko (Group) Loan 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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